Blue Room - Session 5
8:00 to 9:00 a.m. Wednesday, June 4, 2014
Optimal Use of Information to Facilitate and Improve Reliability and Maintainability Analyses
Information related to equipment maintainability should always be considered a strategic asset for any business operating in a competitive environment. It is crucial to use this information appropriately, because it is a key ingredient in any decision-making process built on fact-based rather than impression-based management.
Using some practical examples of analyses conducted for businesses in the manufacturing industries and hydroelectric utilities, this presentation explains how to identify, extract, process and structure information for reliability and maintainability analyses. It highlights how more precise information improves the accuracy of forecasting models by making it easier to distinguish random failures (specific to the design of an asset) from chronic failures (resulting from faulty maintenance). The presentation also highlights how better structured information can make it easier to establish cause-effect relationships between the failures observed on the assets and the impact measured on the reliability and availability of the systems to which these assets are attached.
Key Words: Reliability, Maintainability, Criticality, Efficiency, Maintenance, Data Analysis, Efficiency Indicators, Information Management, Text Mining, Optimization, Maintenance Task Efficiency
Mont Saint-Hilaire, Quebec