![MAINTAIN? REPAIR? REPLACE?](https://cdn.magzter.com/1519636374/1713335299/articles/bobrYp3Cp1713345335603/MAINTAIN-REPAIR-REPLACE.jpg)
Organizations that manage critical infrastructure rely on a wide range of asset types to provide their services. These asset populations can include millions of assets of varying complexity and cost. Modeling asset condition and the related probability of asset failure is non-trivial and costly. Therefore, assets that require modeling are those whose failure will cause significant expense or risk to an organization, or where the cost of replacing the asset is high.
The goal is for organizations to maximize the value of their capital and operational expenditures over time. To do this, the risk of an asset failing to operate as desired must be modeled. Risk is defined as the probability of failure of an asset at a given point in time multiplied by the consequence (s) of such a failure. Models are classified into two categories:
1. Those that calculate asset condition and resulting probability of failure
2. Those that calculate the costs (both to the organization and society) of such failures
The benefit realized by performing an intervention on the asset at a given time is the predicted reduction in risk achieved by improving the asset condition, compared to not doing anything. The benefit is compared to the cost of the intervention to better understand the cost of action vs. inaction. The time at which an intervention provides the best value considers possible constraints such as limits on expenditure, performance KPIs, resources, etc.
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Denne historien er fra March - April 2024-utgaven av MACHINERY LUBRICATION INDIA.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
![The Secrets For Implementing A Clean lubricant Program](https://reseuro.magzter.com/100x125/articles/16645/1669476/s4Mc3FtsB1713345623687/THE-SECRETS-FOR-IMPLEMENTING-A-CLEAN-LUBRICANT-PROGRAM.jpg)
The Secrets For Implementing A Clean lubricant Program
If you could find an investment that guaranteed a return 40 times greater than your initial investment, you probably wouldn't pass it up.
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MAINTAIN? REPAIR? REPLACE?
When considering the life of any asset, the question arises: what types of interventions should be planned to keep it operating or to restore operation in the event of its failure?
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Engineering Reports Should Be Like Bad Movies
I'm frequently asked to review engineering reports, and I'm continually baffled by how many engineers want to take their readers on a journey instead of getting to the point.
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WHY SCHEDULED OIL CHANGES AREN'T ENOUGH TO MITIGATE LUBRICANT CONTAMINATION
There are few problems more insidious or damaging to large industrial machinery than contaminated lubricant.
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LUBRICATION CONTAMINATION PREVENTION
How many articles have you read, or seminars listened to, that tout the value of contamination control? If you are like me, they number in the hundreds—if not thousands. One thing about these articles and seminars that bothers me is the word “control”.
![LUBRICANT CONTAMINATION PREVENTION AND MITIGATION: A Guide For Maintenance Professionals](https://reseuro.magzter.com/100x125/articles/16645/1669476/1KmDTXucf1713340799980/LUBRICANT-CONTAMINATION-PREVENTION-AND-MITIGATION-A-GUIDE-FOR-MAINTENANCE-PROFESSIONALS.jpg)
LUBRICANT CONTAMINATION PREVENTION AND MITIGATION: A Guide For Maintenance Professionals
Lubricants are essential for the smooth and efficient operation of many types of machinery, from engines and turbines to gears and bearings.
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TASK-BASED TRAINING | INSPECTING A SINGLE-POINT LUBRICATOR
A single-point lubricator is a device engineered to attach to a single unit to regularly and automatically deliver a small amount of clean grease or lubricating oil to a specific area.
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TOP LEADERSHIP FOCUSES FOR IMPROVED RELIABILITY AND COST REDUCTION
Here’s a scenario that may sound eerily familiar – you have a new reliability initiative.
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4 KEY ELEMENTS FOR INTERPRETING AN OIL ANALYSIS REPORT
Years ago, a customer came into my office, visibly upset. He had just received his second oil analysis report for one of his Caterpillar gas engines.
![ASTM ENHANCEMENTS TO MICROSCOPIC PARTICLE IDENTIFICATION AND DOCUMENTATION](https://reseuro.magzter.com/100x125/articles/16645/1669476/ZJWTZGUJL1713339171230/ASTM-ENHANCEMENTS-TO-MICROSCOPIC-PARTICLE-IDENTIFICATION-AND-DOCUMENTATION.jpg)
ASTM ENHANCEMENTS TO MICROSCOPIC PARTICLE IDENTIFICATION AND DOCUMENTATION
In 1982, Daniel Anderson published his influential book, \"Wear Particle Atlas\", which describes, sizes, and classifies particles found in oil.