Counting the Cost of Machinery Health Monitoring in the Steel Industry,
WALES UNIV SWANSEA (UNITED KINGDOM) DEPT OF MECHANICAL ENGINEERING
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A model developed originally at Glaxo Wellcome Operations, U.K Ltd., by B.S.Rajan has been adapted and modified in order to assess its suitability for application in the steel industry exemplified typically by the maintenance requirements of the Hot Rolling Mill. Several models were investigated and evaluated, from which, Rajans model was selected. The direct repair cost and consequential cost savings are established and examined in relation to the cost of carrying out machinery condition monitoring. A sensitivity test was undertaken to identify the most critical factors which control costs. These were found to be probability of detection of machine deterioration, machine reliability, standby facility, system downtime duration, and the efficiency of condition monitoring utilization.
- Economics and Cost Analysis
- Metallurgy and Metallography