Asset Replacement and Aging Factors
Description
After a short introduction by the speaker, there will be an explanation of Stork using "vision and mission".
This will be followed by an explanation of the company's global character with strong local representation.
The question of what exactly Distributed Control Systems (DCS) are will be discussed. A systematic technical presentation is given on this subject by means of a number of diagrams.
The challenge(s) for an owner/manager of a DCS system is discussed, as well as the "remaining lifespan methodology".
The overview for a long-term replacement project in management is considered. Here the various main questions in a replacement study come up. The question of the expected lifetime of assets is addressed. For management, the integrity and competence factors are specifically important here, as well as their correct classification.
The correct positioning of control systems in an overview of residual lifespan per business unit is evident here. Naturally this includes the expected technical lifespan.
The ratio of the engineering designed lifespan to age and unwanted failure in the operational function of devices, equipment or systems is an important question here.
The factors that determine this are reviewed.
Next, the need to replace operating assets is discussed. This includes initiating the decisions to replace. The possibilities that a DCS system can offer in this respect are discussed.
There is every reason for a good business case. With a good balance between risks; performance; costs and benefits. This involves a number of important questions.
Current performance and suitability for future requirements, e.g. new functionalities; process changes and advanced(er) control options can be reasons for replacement. There are also technical and maintenance reasons for replacement.
Further details will be given on how research is conducted, which focuses on maintenance, including gaps regarding technological benefits.
However, there are also reasons for replacement from business and economic perspectives. Last but not least, there may also be organisational reasons for replacement.
The ;last part of the lecture deals with the need to replace assets.
This very often highlights communication problems between "engineering"; "operations" and the business approach.
The various conflicting interests are presented.
The question remains whether a purely economic analysis is sufficient for making replacement decisions. In short: what are the real arguments for a proper replacement process and when?
After the presentation, there will be ample opportunity for questions and mutual discussion
Speaker(s)
Willem D. Hazenberg, MBA, Eur Ing. RI.
Location
Reigerlaan 8, Beilen
Organiser
Region North
Name and contact details for information
Piet Dijkshoorn

