Optimizing Equipment Maintenance and Replacement Decisions Course

Optimize equipment maintenance and replacement decisions. Enroll in this course to acquire skills in making strategic maintenance choices for your assets. BMC Training offers Optimizing Equipment Maintenance and Replacement Decisions Course in Maintenance Engineering Training Courses.

  • English
  • 195 Training Sessions
  • Confirmed
  • One Week
Optimizing Equipment Maintenance and Replacement Decisions Training Course

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Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Istanbul , Turkey 23 - Jun - 2024 27 - Jun - 2024 5550 GBP
Bali , Indonesia 23 - Jun - 2024 27 - Jun - 2024 8700 GBP
Singapore , Singapore 23 - Jun - 2024 27 - Jun - 2024 8400 GBP
Washington , United States 23 - Jun - 2024 27 - Jun - 2024 13500 GBP
Dubai , UAE 23 - Jun - 2024 27 - Jun - 2024 5722.5 GBP
Paris , France 23 - Jun - 2024 27 - Jun - 2024 7900 GBP
Hong Kong , Hong Kong 23 - Jun - 2024 27 - Jun - 2024 9100 GBP
London , UK 23 - Jun - 2024 27 - Jun - 2024 5950 GBP
Madrid , Spain 23 - Jun - 2024 27 - Jun - 2024 7500 GBP
Munich , Germany 23 - Jun - 2024 27 - Jun - 2024 8900 GBP
Berlin , Germany 23 - Jun - 2024 27 - Jun - 2024 8300 GBP
New York , United States 23 - Jun - 2024 27 - Jun - 2024 12750 GBP
Amsterdam , Netherlands 23 - Jun - 2024 27 - Jun - 2024 9100 GBP
Tokyo , Japan 23 - Jun - 2024 27 - Jun - 2024 11500 GBP
Milan , Italy 23 - Jun - 2024 27 - Jun - 2024 7500 GBP
Istanbul , Turkey 7 - Jul - 2024 11 - Jul - 2024 5550 GBP
Bali , Indonesia 7 - Jul - 2024 11 - Jul - 2024 8700 GBP
Singapore , Singapore 7 - Jul - 2024 11 - Jul - 2024 8400 GBP
Washington , United States 7 - Jul - 2024 11 - Jul - 2024 13500 GBP
Dubai , UAE 14 - Jul - 2024 18 - Jul - 2024 5722.5 GBP
Paris , France 14 - Jul - 2024 18 - Jul - 2024 7900 GBP
Hong Kong , Hong Kong 14 - Jul - 2024 18 - Jul - 2024 9100 GBP
Dubai , UAE 21 - Jul - 2024 25 - Jul - 2024 5722.5 GBP
Paris , France 21 - Jul - 2024 25 - Jul - 2024 7900 GBP
Hong Kong , Hong Kong 21 - Jul - 2024 25 - Jul - 2024 9100 GBP
Kuala Lumpur , Malaysia 28 - Jul - 2024 1 - Aug - 2024 5300 GBP
Rome , Italy 28 - Jul - 2024 1 - Aug - 2024 7900 GBP
Barcelona , Spain 28 - Jul - 2024 1 - Aug - 2024 8300 GBP
Zurich , Switzerland 28 - Jul - 2024 1 - Aug - 2024 8700 GBP
London , UK 14 - Jul - 2024 18 - Jul - 2024 5950 GBP
Madrid , Spain 14 - Jul - 2024 18 - Jul - 2024 7500 GBP
Munich , Germany 14 - Jul - 2024 18 - Jul - 2024 8900 GBP
Berlin , Germany 14 - Jul - 2024 18 - Jul - 2024 8300 GBP
New York , United States 14 - Jul - 2024 18 - Jul - 2024 12750 GBP
Amsterdam , Netherlands 14 - Jul - 2024 18 - Jul - 2024 9100 GBP
London , UK 21 - Jul - 2024 25 - Jul - 2024 5950 GBP
Madrid , Spain 21 - Jul - 2024 25 - Jul - 2024 7500 GBP
Munich , Germany 21 - Jul - 2024 25 - Jul - 2024 8900 GBP
Berlin , Germany 21 - Jul - 2024 25 - Jul - 2024 8300 GBP
New York , United States 21 - Jul - 2024 25 - Jul - 2024 12750 GBP
Amsterdam , Netherlands 21 - Jul - 2024 25 - Jul - 2024 9100 GBP
Tokyo , Japan 14 - Jul - 2024 18 - Jul - 2024 11500 GBP
Tokyo , Japan 21 - Jul - 2024 25 - Jul - 2024 11500 GBP
Milan , Italy 14 - Jul - 2024 18 - Jul - 2024 7500 GBP
Milan , Italy 21 - Jul - 2024 25 - Jul - 2024 7500 GBP
London , UK 4 - Aug - 2024 8 - Aug - 2024 5950 GBP
Madrid , Spain 4 - Aug - 2024 8 - Aug - 2024 7500 GBP
Munich , Germany 4 - Aug - 2024 8 - Aug - 2024 8900 GBP
Berlin , Germany 4 - Aug - 2024 8 - Aug - 2024 8300 GBP
New York , United States 4 - Aug - 2024 8 - Aug - 2024 12750 GBP
Amsterdam , Netherlands 4 - Aug - 2024 8 - Aug - 2024 9100 GBP
Dubai , UAE 11 - Aug - 2024 15 - Aug - 2024 5722.5 GBP
Paris , France 11 - Aug - 2024 15 - Aug - 2024 7900 GBP
Hong Kong , Hong Kong 11 - Aug - 2024 15 - Aug - 2024 9100 GBP
Istanbul , Turkey 18 - Aug - 2024 22 - Aug - 2024 5550 GBP
Bali , Indonesia 18 - Aug - 2024 22 - Aug - 2024 8700 GBP
Singapore , Singapore 18 - Aug - 2024 22 - Aug - 2024 8400 GBP
Washington , United States 18 - Aug - 2024 22 - Aug - 2024 13500 GBP
Kuala Lumpur , Malaysia 25 - Aug - 2024 29 - Aug - 2024 5300 GBP
Rome , Italy 25 - Aug - 2024 29 - Aug - 2024 7900 GBP
Barcelona , Spain 25 - Aug - 2024 29 - Aug - 2024 8300 GBP
Zurich , Switzerland 25 - Aug - 2024 29 - Aug - 2024 8700 GBP
Dubai , UAE 18 - Aug - 2024 22 - Aug - 2024 5722.5 GBP
Paris , France 18 - Aug - 2024 22 - Aug - 2024 7900 GBP
Hong Kong , Hong Kong 18 - Aug - 2024 22 - Aug - 2024 9100 GBP
London , UK 18 - Aug - 2024 22 - Aug - 2024 5950 GBP
Madrid , Spain 18 - Aug - 2024 22 - Aug - 2024 7500 GBP
Munich , Germany 18 - Aug - 2024 22 - Aug - 2024 8900 GBP
Berlin , Germany 18 - Aug - 2024 22 - Aug - 2024 8300 GBP
New York , United States 18 - Aug - 2024 22 - Aug - 2024 12750 GBP
Amsterdam , Netherlands 18 - Aug - 2024 22 - Aug - 2024 9100 GBP
Milan , Italy 4 - Aug - 2024 8 - Aug - 2024 7500 GBP
Tokyo , Japan 11 - Aug - 2024 15 - Aug - 2024 11500 GBP
Tokyo , Japan 18 - Aug - 2024 22 - Aug - 2024 11500 GBP
Milan , Italy 18 - Aug - 2024 22 - Aug - 2024 7500 GBP
Istanbul , Turkey 22 - Sep - 2024 26 - Sep - 2024 5550 GBP
Bali , Indonesia 22 - Sep - 2024 26 - Sep - 2024 8700 GBP
Singapore , Singapore 22 - Sep - 2024 26 - Sep - 2024 8400 GBP
Washington , United States 22 - Sep - 2024 26 - Sep - 2024 13500 GBP
Dubai , UAE 1 - Sep - 2024 5 - Sep - 2024 5722.5 GBP
Paris , France 1 - Sep - 2024 5 - Sep - 2024 7900 GBP
Hong Kong , Hong Kong 1 - Sep - 2024 5 - Sep - 2024 9100 GBP
Dubai , UAE 8 - Sep - 2024 12 - Sep - 2024 5722.5 GBP
Paris , France 8 - Sep - 2024 12 - Sep - 2024 7900 GBP
Hong Kong , Hong Kong 8 - Sep - 2024 12 - Sep - 2024 9100 GBP
Kuala Lumpur , Malaysia 15 - Sep - 2024 19 - Sep - 2024 5300 GBP
Rome , Italy 15 - Sep - 2024 19 - Sep - 2024 7900 GBP
Barcelona , Spain 15 - Sep - 2024 19 - Sep - 2024 8300 GBP
Zurich , Switzerland 15 - Sep - 2024 19 - Sep - 2024 8700 GBP
London , UK 1 - Sep - 2024 5 - Sep - 2024 5950 GBP
Madrid , Spain 1 - Sep - 2024 5 - Sep - 2024 7500 GBP
Munich , Germany 1 - Sep - 2024 5 - Sep - 2024 8900 GBP
Berlin , Germany 1 - Sep - 2024 5 - Sep - 2024 8300 GBP
New York , United States 1 - Sep - 2024 5 - Sep - 2024 12750 GBP
Amsterdam , Netherlands 1 - Sep - 2024 5 - Sep - 2024 9100 GBP
London , UK 8 - Sep - 2024 12 - Sep - 2024 5950 GBP
Madrid , Spain 8 - Sep - 2024 12 - Sep - 2024 7500 GBP
Munich , Germany 8 - Sep - 2024 12 - Sep - 2024 8900 GBP
Berlin , Germany 8 - Sep - 2024 12 - Sep - 2024 8300 GBP
New York , United States 8 - Sep - 2024 12 - Sep - 2024 12750 GBP
Amsterdam , Netherlands 8 - Sep - 2024 12 - Sep - 2024 9100 GBP
Tokyo , Japan 1 - Sep - 2024 5 - Sep - 2024 11500 GBP
Tokyo , Japan 8 - Sep - 2024 12 - Sep - 2024 11500 GBP
Milan , Italy 1 - Sep - 2024 5 - Sep - 2024 7500 GBP
Milan , Italy 8 - Sep - 2024 12 - Sep - 2024 7500 GBP
London , UK 20 - Oct - 2024 24 - Oct - 2024 5950 GBP
Madrid , Spain 20 - Oct - 2024 24 - Oct - 2024 7500 GBP
Munich , Germany 20 - Oct - 2024 24 - Oct - 2024 8900 GBP
Berlin , Germany 20 - Oct - 2024 24 - Oct - 2024 8300 GBP
New York , United States 20 - Oct - 2024 24 - Oct - 2024 12750 GBP
Amsterdam , Netherlands 20 - Oct - 2024 24 - Oct - 2024 9100 GBP
Dubai , UAE 27 - Oct - 2024 31 - Oct - 2024 5722.5 GBP
Paris , France 27 - Oct - 2024 31 - Oct - 2024 7900 GBP
Hong Kong , Hong Kong 27 - Oct - 2024 31 - Oct - 2024 9100 GBP
Istanbul , Turkey 6 - Oct - 2024 10 - Oct - 2024 5550 GBP
Bali , Indonesia 6 - Oct - 2024 10 - Oct - 2024 8700 GBP
Singapore , Singapore 6 - Oct - 2024 10 - Oct - 2024 8400 GBP
Washington , United States 6 - Oct - 2024 10 - Oct - 2024 13500 GBP
Kuala Lumpur , Malaysia 13 - Oct - 2024 17 - Oct - 2024 5300 GBP
Rome , Italy 13 - Oct - 2024 17 - Oct - 2024 7900 GBP
Barcelona , Spain 13 - Oct - 2024 17 - Oct - 2024 8300 GBP
Zurich , Switzerland 13 - Oct - 2024 17 - Oct - 2024 8700 GBP
Dubai , UAE 6 - Oct - 2024 10 - Oct - 2024 5722.5 GBP
Paris , France 6 - Oct - 2024 10 - Oct - 2024 7900 GBP
Hong Kong , Hong Kong 6 - Oct - 2024 10 - Oct - 2024 9100 GBP
London , UK 6 - Oct - 2024 10 - Oct - 2024 5950 GBP
Madrid , Spain 6 - Oct - 2024 10 - Oct - 2024 7500 GBP
Munich , Germany 6 - Oct - 2024 10 - Oct - 2024 8900 GBP
Berlin , Germany 6 - Oct - 2024 10 - Oct - 2024 8300 GBP
New York , United States 6 - Oct - 2024 10 - Oct - 2024 12750 GBP
Amsterdam , Netherlands 6 - Oct - 2024 10 - Oct - 2024 9100 GBP
Milan , Italy 20 - Oct - 2024 24 - Oct - 2024 7500 GBP
Tokyo , Japan 27 - Oct - 2024 31 - Oct - 2024 11500 GBP
Tokyo , Japan 6 - Oct - 2024 10 - Oct - 2024 11500 GBP
Milan , Italy 6 - Oct - 2024 10 - Oct - 2024 7500 GBP
Istanbul , Turkey 17 - Nov - 2024 21 - Nov - 2024 5550 GBP
Bali , Indonesia 17 - Nov - 2024 21 - Nov - 2024 8700 GBP
Singapore , Singapore 17 - Nov - 2024 21 - Nov - 2024 8400 GBP
Washington , United States 17 - Nov - 2024 21 - Nov - 2024 13500 GBP
Dubai , UAE 24 - Nov - 2024 28 - Nov - 2024 5722.5 GBP
Paris , France 24 - Nov - 2024 28 - Nov - 2024 7900 GBP
Hong Kong , Hong Kong 24 - Nov - 2024 28 - Nov - 2024 9100 GBP
Dubai , UAE 3 - Nov - 2024 7 - Nov - 2024 5722.5 GBP
Paris , France 3 - Nov - 2024 7 - Nov - 2024 7900 GBP
Hong Kong , Hong Kong 3 - Nov - 2024 7 - Nov - 2024 9100 GBP
Kuala Lumpur , Malaysia 10 - Nov - 2024 14 - Nov - 2024 5300 GBP
Rome , Italy 10 - Nov - 2024 14 - Nov - 2024 7900 GBP
Barcelona , Spain 10 - Nov - 2024 14 - Nov - 2024 8300 GBP
Zurich , Switzerland 10 - Nov - 2024 14 - Nov - 2024 8700 GBP
London , UK 24 - Nov - 2024 28 - Nov - 2024 5950 GBP
Madrid , Spain 24 - Nov - 2024 28 - Nov - 2024 7500 GBP
Munich , Germany 24 - Nov - 2024 28 - Nov - 2024 8900 GBP
Berlin , Germany 24 - Nov - 2024 28 - Nov - 2024 8300 GBP
New York , United States 24 - Nov - 2024 28 - Nov - 2024 12750 GBP
Amsterdam , Netherlands 24 - Nov - 2024 28 - Nov - 2024 9100 GBP
London , UK 3 - Nov - 2024 7 - Nov - 2024 5950 GBP
Madrid , Spain 3 - Nov - 2024 7 - Nov - 2024 7500 GBP
Munich , Germany 3 - Nov - 2024 7 - Nov - 2024 8900 GBP
Berlin , Germany 3 - Nov - 2024 7 - Nov - 2024 8300 GBP
New York , United States 3 - Nov - 2024 7 - Nov - 2024 12750 GBP
Amsterdam , Netherlands 3 - Nov - 2024 7 - Nov - 2024 9100 GBP
Tokyo , Japan 24 - Nov - 2024 28 - Nov - 2024 11500 GBP
Tokyo , Japan 3 - Nov - 2024 7 - Nov - 2024 11500 GBP
Milan , Italy 24 - Nov - 2024 28 - Nov - 2024 7500 GBP
Milan , Italy 3 - Nov - 2024 7 - Nov - 2024 7500 GBP
London , UK 15 - Dec - 2024 19 - Dec - 2024 5950 GBP
Madrid , Spain 15 - Dec - 2024 19 - Dec - 2024 7500 GBP
Munich , Germany 15 - Dec - 2024 19 - Dec - 2024 8900 GBP
Berlin , Germany 15 - Dec - 2024 19 - Dec - 2024 8300 GBP
New York , United States 15 - Dec - 2024 19 - Dec - 2024 12750 GBP
Amsterdam , Netherlands 15 - Dec - 2024 19 - Dec - 2024 9100 GBP
Dubai , UAE 22 - Dec - 2024 26 - Dec - 2024 5722.5 GBP
Paris , France 22 - Dec - 2024 26 - Dec - 2024 7900 GBP
Hong Kong , Hong Kong 22 - Dec - 2024 26 - Dec - 2024 9100 GBP
Istanbul , Turkey 8 - Dec - 2024 12 - Dec - 2024 5550 GBP
Bali , Indonesia 8 - Dec - 2024 12 - Dec - 2024 8700 GBP
Singapore , Singapore 8 - Dec - 2024 12 - Dec - 2024 8400 GBP
Washington , United States 8 - Dec - 2024 12 - Dec - 2024 13500 GBP
Kuala Lumpur , Malaysia 1 - Dec - 2024 5 - Dec - 2024 5300 GBP
Rome , Italy 1 - Dec - 2024 5 - Dec - 2024 7900 GBP
Barcelona , Spain 1 - Dec - 2024 5 - Dec - 2024 8300 GBP
Zurich , Switzerland 1 - Dec - 2024 5 - Dec - 2024 8700 GBP
Dubai , UAE 8 - Dec - 2024 12 - Dec - 2024 5722.5 GBP
Paris , France 8 - Dec - 2024 12 - Dec - 2024 7900 GBP
Hong Kong , Hong Kong 8 - Dec - 2024 12 - Dec - 2024 9100 GBP
London , UK 8 - Dec - 2024 12 - Dec - 2024 5950 GBP
Madrid , Spain 8 - Dec - 2024 12 - Dec - 2024 7500 GBP
Munich , Germany 8 - Dec - 2024 12 - Dec - 2024 8900 GBP
Berlin , Germany 8 - Dec - 2024 12 - Dec - 2024 8300 GBP
New York , United States 8 - Dec - 2024 12 - Dec - 2024 12750 GBP
Amsterdam , Netherlands 8 - Dec - 2024 12 - Dec - 2024 9100 GBP
Milan , Italy 15 - Dec - 2024 19 - Dec - 2024 7500 GBP
Tokyo , Japan 22 - Dec - 2024 26 - Dec - 2024 11500 GBP
Tokyo , Japan 8 - Dec - 2024 12 - Dec - 2024 11500 GBP
Milan , Italy 8 - Dec - 2024 12 - Dec - 2024 7500 GBP

Course Syllabus

Introduction

  • Is your equipment (fixed or mobile) failing before planned replacement?
  • Are you unable to execute maintenance tasks because spare parts are not available?
  • Have you made significant investment in CBM methods and tools but struggle to realize the benefit?
  • Do you have lots of data from oil analyses but still struggling to accurately predict your equipment breakdowns?
  • Do you know how to determine optimum asset life?
  • Are you struggling to justify the economics of asset replacement?
  • Are you having difficulties in deciding whether to rebuild or replace your equipment to minimize the life cycle costs?
  • Do you need to optimize your emergency spare requirements?

If you answer YES to any of the above questions, this course is for you.

Objectives

The objectives of the program can be summarized as follows:

  • To focus on the techniques of optimization – the single most important thrust of this learning program. Whether the decision is about work-crew sizes, or the replacement of component-parts or entire equipment units, the concept of making the very best, most optimal, decision will be the principal concern of the training program.
  • The concept of making the very best, most optimal, decision will be the principal concern of the training program.
  • To equip the participating maintenance managers, planners and schedulers and engineers with the know-how to select the most appropriate analytical tools for their maintenance decision-making.
  • Reflecting the growing focus of industrial safety and the profusion of safety-related litigation – think of transportation accidents, chemical spills, and mining disasters – the program will show how safety objectives relate to the optimization models, and will underline the advantages of having a well-documented and rigorously-executed program of maintenance and replacement.
  • To introduce the critical decision-making topics that can make a significant difference to the in-service time of equipment, to the costs related to doing maintenance too often or too seldom, and the optimization of asset utilization.
  • To not only cover the classic need-to-know material in the area, but to acquaint the participants with leading-edge and on-the-horizon approaches that they will encounter in the near future.

The Contents

Day 1 - Physical Asset Management & Reliability Concepts

From Maintenance Management to Physical Asset Management

  • Challenges of physical asset management
  • The maintenance excellence pyramid
  • Total Productive Maintenance
  • Reliability Centered Maintenance
  • Optimizing Maintenance & Replacement Decisions

Reliability Improvement through Preventive Maintenance

  • Analysis of Component Failure Data
  • Probability Density Function
  • Reliability Function
  • Weibull Density
  • Infant Mortality
  • Bath-Tub Curve

Exercise in Analysing Component Failure Data Using the Weibull Distribution

  • Estimating the Weibull Parameters
  • Using Median Rank Tables

Dealing with Censored Data, the 3-Parameter Weibull, and the Kolomorgov-Smirnov Test

  • Upper-End Censoring, Multiply Censored Group Data
  • Estimating the Location Parameter in the Weibull Distribution
  • Checking the Goodness-of-Fit of the Distribution

Day 2 - Preventive Maintenance & Spare Parts Replacements

Reliability Improvement through Preventive Maintenance(continued)

  • Component Replacement Procedures including Glasser’s Graph
  • Block Replacement Policies
  • Age-Based Replacement Policy
  • Setting Policies based on Safety Constraints, Cost-Minimization and Availability-Maximization
  • Repairable systems

Case Studies in Component Preventive Replacement

  • Including boiler plant, bearings, pumps, sugar feeds, compressor valves, and centrifuges

Spare parts provisioning

  • Fast moving spares
  • Emergency (insurance) spares

Case studies in spares provisioning

  • Including line replaceable units (LRUs), cylinder heads, repairable conveyor electric motors and utility transformers

Group and individual exercises

Clinic: Hands-On Use of PC Software for Preventive Replacement Strategies

  • Participants will solve pre-set problems

Day 3 - Machine Health Monitoring & Inspection

Reliability Improvement through Inspection

Inspection Frequency and Depth for equipment in continuous operation

  • Inspection Intervals to Maximize Profit
  • Maximizing Equipment Availability
  • Inspection Intervals for Equipment Used in Emergency Situations (e.g. protective devices)
  • Case studies including oil and gas field equipment such as pressure safely valves (for protective devices)

Health-Monitoring Procedures

  • Proportional Hazards Modelling
  • Spectroscopic Oil Analysis Programs
  • Optimization of Condition-Based Maintenance Procedures
  • Role of software for CBM optimization
  • Case studies including food procession industry (vibration monitoring), pulp and paper and shipping equipment such as compressors (vibration monitoring) and diesel engines (oil analysis), turbines in an electrical generating station (pressure measurements)

Day 4 - Economics of Reliability

Reliability Improvement through Asset Replacement

Aspects of Discounted Cash Flow Used in Capital Equipment Replacement Analysis

  • Estimating the Interest Rate Appropriate for discounting
  • Present-Value Calculations
  • The effects of Inflation in the Analysis
  • Calculating the Equivalent Annual Cost (EAC)

Economic Life of Capital Equipment

  • The “Classic” Economic Life Model
  • Before-and-After Tax Calculations
  • The Repair-vs-Replace Decision
  • Life-Cycle Costing
  • Technological Improvement

Group and individual exercises

Clinic: Hands-On Use of PC Software for Capital Equipment Replacement Analysis

  • Participants will solve pre-set problems

Day 5 - Effective Management of Maintenance Resources & Information

Effective Use of Maintenance Resources

Organizational Structure, Crew Sizes, Workshop Resource Requirements

  • Balancing Maintenance Costs against Plant Reliability
  • Establishing the optimal number of machines to have in a workshop
  • Resource Requirements Using Queuing Theory and Simulation
  • Utilization of Outside Resources
  • Lease-vs.-Buy Decision

Case studies including balancing maintenance cost and reliability in an electrical generating station, establishing optimal mix of machines to have in a steel mill maintenance workshop, establishing shift patterns and maintenance crew sizes in a petrochemical plant.

 Maintenance Management Information Systems

  • Methodology for Auditing a CMMS

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