Risk matrix model for rotating equipment

Future Trends in Rotating Equipment Analysis

Great strides have been made in monitoring vibration and combustion performance of gas turbine engines. Challenges still remain in the areas of engine overhaul and design/manufacturing of new turbine/generator systems. This paper discusses some elements of current and future efforts to understand what is happening in Real-Time as new engines are run up for the first time after assembly, overhau...

Rotating Equipment Loss Prevention-an Insurer's Viewpoint

Accidents involving rotating equipment in chemical, petrochemical, petroleum, and gas plants can result in damage to other process equipment and catalysts along with lost production. Conversely, process upsets, process instrumentation failure, or failures of other process equipment can result in damage to rotating equipment. An effective rotating equipment loss prevention program will be an int...

Fuzzy model for risk analysis

The goal of this paper is to show how the concept of fuzzy logic can be used to establish a degree to which an investment project belongs to a class of risk. Also, the probability of the fuzzy event is presented and is ap-plied to calculate the probability of the fuzzy event “the project X is a good investment”. This process has to enable the decision maker to compare several alternative invest...

Risk - based Maintenance Optimization for Transmission Equipment

This paper describes a new maintenance selection and scheduling approach for bulk transmission equipment that is based on the cumulative long-term risk caused by failure of each piece of equipment. This approach not only accounts for equipment failure probability and equipment damage, as do reliability centered maintenance (RCM) approaches, but it also accounts for the outage consequence in ter...

Rotating Equipment Defect Detection Using the Algorithm of Mode Isolation