Cost benefit analysis of intelligent condition based maintenance of rotating machinery

Author

Verma, Nishchal K. ; Subramanian, T.S.S.

Author_Institution

Dept. of Electr. Eng., Indian Inst. of Technol., Kanpur, Kanpur, India

fYear

2012

fDate

18-20 July 2012

Firstpage

1390

Lastpage

1394

Abstract

This paper explains the cost benefit analysis of Intelligent Condition Based Maintenance (CBM) of rotating machinery. A mathematical model for the cost benefit analysis is developed for assessing the cost effectiveness of CBM for rotating machinery. The model is applied for various maintenance strategies of the air compressors as a special case, when they are in corrective maintenance, time based maintenance and condition based maintenance. The revenue generated for all the maintenance strategies of the air compressors are discussed. The case study of cost benefit analysis predicts the increased profit gain when the air compressor is under CBM.

Keywords

compressors; cost-benefit analysis; maintenance engineering; mathematical analysis; profitability; turbomachinery; air compressor; corrective maintenance; cost benefit analysis; cost effectiveness; intelligent condition based maintenance; maintenance strategy; mathematical model; profit gain; rotating machinery; time based maintenance; Compressors; Cost benefit analysis; Equations; Investments; Maintenance engineering; Mathematical model; Air Compressor; Ccondition Based Maintenance; Corrective Maintenance; Cost Benefit Analysis; Mathematical Model; Rotating Machinery; Time Based Maintenance;

fLanguage

English

Publisher

ieee

Conference_Titel

Industrial Electronics and Applications (ICIEA), 2012 7th IEEE Conference on

Conference_Location

Singapore

Print_ISBN

978-1-4577-2118-2

Type

conf

DOI

10.1109/ICIEA.2012.6360940

Filename

6360940