Sangam: A Confluence of Knowledge Streams

Challenges in cost analysis of innovative maintenance of distributed high-value assets

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dc.creator Kirkwood, Leigh
dc.creator Shehab, Essam
dc.creator Baguley, Paul
dc.creator Amorim-Melo, P.
dc.creator Durazo-Cardenas, Isidro Sergio
dc.date 2018-07-03T10:30:36Z
dc.date 2018-07-03T10:30:36Z
dc.date 2014-10-31
dc.date.accessioned 2022-05-25T16:36:48Z
dc.date.available 2022-05-25T16:36:48Z
dc.identifier L. Kirkwood, E. Shehab, P. Baguley, P., et al., Challenges in cost analysis of innovative maintenance of distributed high-value assets. 3rd International Conference on Through-Life Engineering Services, Cranfield, 4-5 November 2014, Cranfield, Cranfield University, UK. Procedia CIRP, Volume 22, 2014, Pages 148-151
dc.identifier 2212-8271
dc.identifier https://doi.org/10.1016/j.procir.2014.08.006
dc.identifier http://dspace.lib.cranfield.ac.uk/handle/1826/13304
dc.identifier.uri http://localhost:8080/xmlui/handle/CUHPOERS/182163
dc.description Condition monitoring is an increasingly important activity, but there is often little thought given to how a condition monitoring approach is going to impact the cost of operating a system. This paper seeks to detail the challenges facing such an analysis and outline the likely steps such an analysis will have to take to more completely understand the problem and provide suitable cost analysis. Adding sensors might be a relatively simple task, but those sensors come with associated cost; not only of the sensor, but of the utilities required to power them, the data gathering and processing and the eventual storage of that data for regulatory or other reasons. By adding condition monitoring sensors as a sub- system to the general system an organisation is required to perform maintenance to the new sensors sub-system. Despite these difficulties it is anticipated that for many high value assets applying condition monitoring will enable significant cost savings through elimination of maintenance activities on assets that do not need such cost and effort expended on them. Further savings should be possible through optimisation of maintenance schedules to have essential work completed at more cost efficient times.
dc.language en
dc.publisher Elsevier
dc.rights Attribution-NonCommercial-NoDerivatives 3.0 International
dc.rights http://creativecommons.org/licenses/by-nc-nd/3.0/
dc.subject Cost engineering
dc.subject maintenance
dc.subject condition monitoring
dc.subject cost optimisation
dc.subject data cost
dc.title Challenges in cost analysis of innovative maintenance of distributed high-value assets
dc.type Conference paper


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