Related to "effective temperatures"

Predictive maintenance evaluates the condition of equipment by performing periodic (offline) or continuous (online) equipment condition monitoring. The ultimate goal of the approach is to perform maintenance at a scheduled point in time when the maintenance activity is most cost-effective and before the equipment loses performance within a threshold. This results in a reduction in unplanned downtime costs because of failure where for instance costs can be in the hundreds of thousands per day depending on industry.[5] In energy production in addition to loss of revenue and component costs, fines can be levied for non delivery increasing costs even further. This is in contrast to time- and/or operation count-based maintenance, where a piece of equipment gets maintained whether it needs it or not. Time-based maintenance is labor intensive, ineffective in identifying problems that develop between scheduled inspections, and so is not cost-effective.

Description:

Predictive maintenance evaluates the condition of equipment by performing periodic (offline) or continuous (online) equipment condition monitoring. The ultimate goal of the approach is to perform maintenance at a scheduled point in time when the maintenance activity is most cost-effective and before the equipment loses performance within a threshold. This results in a reduction in unplanned downtime costs because of failure where for instance costs can be in the hundreds of thousands per day depending on industry.[5] In energy production in addition to loss of revenue and component costs, fines can be levied for non delivery increasing costs even further. This is in contrast to time- and/or operation count-based maintenance, where a piece of equipment gets maintained whether it needs it or not. Time-based maintenance is labor intensive, ineffective in identifying problems that develop between scheduled inspections, and so is not cost-effective.

Related Keyphrases:

unplanned downtime costs | Predictive maintenance | maintenance activity | perform maintenance | condition monitoring | identifying problems | component costs | energy production | instance costs | labor intensive | ultimate goal | equipment | non delivery | inspections | performance