Due to reduction in petroleum production and aging production facilities, the Norwegian oil and gas industry is interested in optimization maintenance strategies and reducing costs. Currently the maintenance strategies are based on predetermined periodic (calendar or use time) preventive maintenance strategies that are developed based on statistical data and/or recommendation from the manufactu...

This paper proposes a condition-based maintenance approach for availability optimization problem. The system to be maintained is subject to stochastic degradations and assumed to be continuously monitored. Imperfect preventive maintenance actions are made on the basis of the hybrid hazard model and the condition to perform a preventive maintenance corresponds to a system reliability threshold. ...

Efficient and on-time maintenance plays a crucial role inreducing cost and increasing the market share of an industrial unit. Preventivemaintenance is a broad term that encompasses a set of activitiesaimed at improving the overall reliability and availability of a systembefore machinery breakdown. The previous studies have addressed thescheduling of preventive maintenance. These studies have co...

The Circuit Breaker (CB) is one of the most important equipment in power systems. CB must operate reliably to protect power systems as well as to perform tasks such as load disconnection, normal interruption, and fault current interruption. Therefore, the reliable operation of CB can affect the security and stability of power network. In this paper, effects of Condition Monitoring (CM) of CB on...