Title :
Optimal Reliability, Availability and Maintenance (RAM) management for Oil Field Services
Author :
Zhan, Sheng ; Grayson, Bill
Author_Institution :
Manage. Consulting Services for Oil Field Services, Houston, TX, USA
Abstract :
RAM Strategy has recently been introduced to Oil Filed Services due to the complex nature and fast growth of this industry. The core of RAM strategy in Oil & Gas is for implementing a systematic approach to achieve optimal service levels while balancing the expense. One of the crucial steps among RAM is how to handle the inventroy management during the global drilling service operation.
Keywords :
budgeting; decision making; gas industry; investment; maintenance engineering; oil drilling; optimisation; petroleum industry; reliability; stock control; METRIC model; RAM strategy; VARI-METRIC model; cost-efficiency perspective; decision making; fixed budget allocation; global drilling service operation; inventroy management theory; inventroy modeling; logistics support planning; mathematical modeling techniques; multi-indenture problem; multiechelon technique for recoverable item control; oil field service industry; optimal assortments; optimal inventory levels; optimal reliability-availability-maintenance management; optimal service levels; service networks; spare investment; spare management; spare optimization strategy; spares investment; static technology environments; stock allocation problem; system availability; system level performance; Availability; Inventory modeling; Multi-Echelon techniques; NPT; Oil Field Serivices; Preventive maintenance; RAM; Reliability; Spare optimization; Stock allocation;
Conference_Titel :
Prognostics and System Health Management (PHM), 2012 IEEE Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4577-1909-7
Electronic_ISBN :
2166-563X
DOI :
10.1109/PHM.2012.6228900
