2017
DOI: 10.1016/j.jlp.2017.03.008
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Life extension decision making of safety critical systems: An overview

Abstract: In recent years, the concept of "asset life extension" has become increasingly important to safety critical industries including nuclear power, offshore oil and gas, petrochemical, renewable energy, rail transport, aviation, shipping, electricity distribution and transmission, etc. Extending the service life of industrial assets can offer a broad range of economic, technical, social and environmental benefits as compared to other end-of-life management strategies such as decommissioning and replacement of equi… Show more

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Cited by 40 publications
(43 citation statements)
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“…The natural response would significantly cling on the effectiveness of maintenance and asset management (MAM) strategies. Maintenance can be described as the combination of technical, administrative and managerial endeavours that ensure that industrial assets cost-effectively and safely perform their designated tasks [10][11][12][13][14][15]. Maintenance philosophies can be broadly classified into breakdown maintenance (BM), planned periodic maintenance (PPM) and condition based maintenance (CBM).…”
Section: Trillion Kwh In 2012 To 223 Trillion Kwh In 2040)mentioning
confidence: 99%
“…The natural response would significantly cling on the effectiveness of maintenance and asset management (MAM) strategies. Maintenance can be described as the combination of technical, administrative and managerial endeavours that ensure that industrial assets cost-effectively and safely perform their designated tasks [10][11][12][13][14][15]. Maintenance philosophies can be broadly classified into breakdown maintenance (BM), planned periodic maintenance (PPM) and condition based maintenance (CBM).…”
Section: Trillion Kwh In 2012 To 223 Trillion Kwh In 2040)mentioning
confidence: 99%
“…Also, in some countries due to highly restrictive regulations on construction of new fields, companies use life extension as means to avoid phasing out existing fields. Life extension of oil and gas facilities delivers some benefits such as increased production, reduced capital expenditures (CAPEX) associated with constructing new facility, increased job creation, reduced CO 2 emissions, and lowered financial risk compared to risk of investing in greenfield project (Shafiee and Animah, 2017).…”
Section: Distribution Of Studies Based On Oil and Gas Field's Lifecycmentioning
confidence: 99%
“…This is because significant number of facilities supporting operations in the upstream oil and gas sector are approaching or have already exceeded their original design lifetimes and asset managers have to make a decision between life extension and decommissioning. However, very few research studies have used DMS methods to address the challenges of life extension and/or decommissioning 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 20 decision-making in the oil and gas industry (Shafiee and Animah, 2017). Therefore, future work must direct efforts at applying DMS to address the challenges during life extension and decommission phase of asset life cycle in the upstream oil and gas sector.…”
Section: Concluding Remarks and Future Research Directionsmentioning
confidence: 99%
“…1. These include the following: life extension, repowering and decommissioning (Shafiee and Animah 2017;Ortegon et al 2013). Life extension involves prolonging the asset lifespan, whereas the repowering involves replacement of the original wind turbines with new and improved wind turbine components.…”
Section: Introductionmentioning
confidence: 99%
“…A case study of a 500 MW baseline offshore wind farm is proposed to illustrate the models' Fig. 1 End-of-life (EOL) strategies for offshore wind farms (Shafiee and Animah 2017) applicability. The results show that the removal of wind turbines and foundation structures is the most costly and lengthy stage of the decommissioning process due to many requirements involved in carrying out the operations.…”
Section: Introductionmentioning
confidence: 99%