Journal
JOURNAL OF LOSS PREVENTION IN THE PROCESS INDUSTRIES
Volume 16, Issue 6, Pages 561-573Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.jlp.2003.08.011
Keywords
maintenance; risk assessment; risk-based maintenance; risk-based inspection; maintenance planning
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The overall objective of the maintenance process is to increase the profitability of the operation and optimize the total life cycle cost without compromising safety or environmental issues. Risk assessment integrates reliability with safety and environmental issues and therefore can be used as a decision tool for preventive maintenance planning. Maintenance planning based on risk analysis minimizes the probability of system failure and its consequences (related to safety, economic, and environment). It helps management in making correct decisions concerning investment in maintenance or related field. This will, in turn, result in better asset and capital utilization. This paper presents a new methodology for risk-based maintenance. The proposed methodology is comprehensive and quantitative. It comprises three main modules: risk estimation module, risk evaluation module, and maintenance planning module. Details of the three modules are given. A case study, which exemplifies the use of methodology to a heating, ventilation and air-conditioning (HVAC) system, is also discussed. (C) 2003 Elsevier Ltd. All rights reserved.
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