Risk Management with Maintenance and Repair Strategy in Industries

Abstract

The overall aim of the maintenance and repair process in industrial companies is to reduce costs and increase the benefits of operating and optimize life cycle costs, taking into account all safety considerations. Choosing a maintenance and repair strategy is one of the most complex and necessary processes that can affect the safety and cost of equipment. The main aim of this study is to select a risk-based maintenance and repair strategy to improve safety, maintenance and repair indexes. Risk assessment integrates product reliability with safety and environmental issues and can therefore be considered as a decision-making tool for repair planning. One of the most important strategies in the field of maintenance and repair planning and optimization of related activities is the system or process of maintenance and repair with Reliability Centered Maintenance (RCM). This system provides a framework for all the physical facilities and equipment of organizations to continuously fulfill their planned tasks in the specified operational context. Risk analysis-based repair planning can reduce the likelihood of system failure and the consequences of such failures and help management make the right decisions to make the right investment in maintenance and repair and thus lead to better use of existing assets and capital