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

fYear

2012

fDate

23-25 May 2012

Firstpage

1

Lastpage

7

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;

fLanguage

English

Publisher

ieee

Conference_Titel

Prognostics and System Health Management (PHM), 2012 IEEE Conference on

Conference_Location

Beijing

ISSN

2166-563X

Print_ISBN

978-1-4577-1909-7

Electronic_ISBN

2166-563X

Type

conf

DOI

10.1109/PHM.2012.6228900

Filename

6228900