Challenges in cost analysis of innovative maintenance of distributed high-value assets

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dc.contributor.authorKirkwood, Leigh
dc.contributor.authorShehab, Essam
dc.contributor.authorBaguley, Paul
dc.contributor.authorAmorim-Melo, P.
dc.contributor.authorDurazo-Cardenas, Isidro
dc.date.accessioned2018-07-03T10:30:36Z
dc.date.available2018-07-03T10:30:36Z
dc.date.issued2014-10-31
dc.description3rd International Conference on Through-Life Engineering Services, 4-5 November 2014, Cranfield University, UK
dc.description.abstractCondition monitoring is an increasingly important activity, but there is often little thought given to how a condition monitoring approach is going to impact the cost of operating a system. This paper seeks to detail the challenges facing such an analysis and outline the likely steps such an analysis will have to take to more completely understand the problem and provide suitable cost analysis. Adding sensors might be a relatively simple task, but those sensors come with associated cost; not only of the sensor, but of the utilities required to power them, the data gathering and processing and the eventual storage of that data for regulatory or other reasons. By adding condition monitoring sensors as a sub- system to the general system an organisation is required to perform maintenance to the new sensors sub-system. Despite these difficulties it is anticipated that for many high value assets applying condition monitoring will enable significant cost savings through elimination of maintenance activities on assets that do not need such cost and effort expended on them. Further savings should be possible through optimisation of maintenance schedules to have essential work completed at more cost efficient times.en_UK
dc.identifier.citationKirkwood L, Shehab E, Baguley P, et al., (2014) Challenges in cost analysis of innovative maintenance of distributed high-value assets. Procedia CIRP, Volume 22, 2014, pp. 148-151en_UK
dc.identifier.issn2212-8271
dc.identifier.urihttps://doi.org/10.1016/j.procir.2014.08.006
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/13304
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 3.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/*
dc.subjectCost engineeringen_UK
dc.subjectmaintenanceen_UK
dc.subjectcondition monitoringen_UK
dc.subjectcost optimisationen_UK
dc.subjectdata costen_UK
dc.titleChallenges in cost analysis of innovative maintenance of distributed high-value assetsen_UK
dc.typeConference paperen_UK

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