Reliability, Availability and Maintainability (RAM) Modeling
Reliability, Availability and Maintainability (RAM) studies are typically associated with the defense and aerospace industries. However, a number of studies have been performed for refining, petrochemical, offshore, and power generation facilities.
The application of relatively inexpensive but powerful RAM forecasting tools can provide a number of benefits to the owners and operators of oil refineries, gas plants, chemical plants, and other processing facilities.
Those benefits can include:
- Reducing maintenance and sparing costs while maintaining and/or increasing production levels.
- Optimizing capital investment for reducing the cost of production.
- A decrease in the duration of unplanned and planned outages.
- Alignment of maintenance resources based on the criticality of equipment to production revenue.
- Accurate forecasts of equipment lifecycle costs that reflect equipment age, duty cycle, and maintenance effectiveness.
- Optimization of capital improvement options at the plant and enterprise levels when improvement budgets are constrained.