Title :
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
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;
Conference_Titel :
Industrial Electronics and Applications (ICIEA), 2012 7th IEEE Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4577-2118-2
DOI :
10.1109/ICIEA.2012.6360940
