Use of reliability availability & maintainability
Simulation modelling in life cycle cost (LCC) forecasting. A case study.
Systems rarely remain constant over their design life; production capacities change, products and processes change and new technology offers improved efficiency. Recent developments have resulted in a fundamental change in the usefulness of LCC forecasting to designers, owners, operators, and maintainers. A case study is reviewed that covered the business re-engineering of an existing plant and the modelling of it's safe, sustained, predictable, economically-optimal operation into the future at two key datum's of years 2019 & 2045.