Use of reliability availability & maintainability

Published date:
Publication ID: MB07004
Author: Wayne G Reed
Format: PDF
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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.

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