2022
DOI: 10.1002/sys.21635
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Risk‐based approach for managing obsolescence for automation systems in heavy industries

Abstract: Obsolescence is an important consideration in the management and engineering of heavy industrial facilities. Examples of these could include refineries, chemical plants, and other large‐scale materials processing facilities. These facilities have lifetimes of many decades but operate on software, automation hardware, and other electrical equipment that reaches obsolescence much sooner than the rotating equipment, unit operations, and other major systems of the facility. This work proposes a method to manage ob… Show more

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Cited by 1 publication
(2 citation statements)
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“…The global machine condition monitoring market is projected to soar to USD 4 billion by 2027, driven by escalating demand from oil and gas, power generation, and automotive industries (MarketsandMarkets, 2023). Machine condition monitoring systems led to a remarkable 24% drop in unplanned downtime (Ault & Bradley, 2022a) and a significant 10-25% decrease in maintenance expenses (uit het Broek et al, 2021;Yeardley et al, 2022).…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…The global machine condition monitoring market is projected to soar to USD 4 billion by 2027, driven by escalating demand from oil and gas, power generation, and automotive industries (MarketsandMarkets, 2023). Machine condition monitoring systems led to a remarkable 24% drop in unplanned downtime (Ault & Bradley, 2022a) and a significant 10-25% decrease in maintenance expenses (uit het Broek et al, 2021;Yeardley et al, 2022).…”
Section: Introductionmentioning
confidence: 99%
“…Zhang et al, 2021;Zuo et al, 2022) The increasing interest in "black-box" solutions can be attributed to their robustness and high performance in tackling complex and nonlinear problems (Hoang & Kang, 2019). The application of these solutions brings significant benefits to industries, including optimized maintenance activities, improved equipment uptime, reduced operating costs, and enhanced overall operational efficiency (Ault & Bradley, 2022b;uit het Broek et al, 2021;Yeardley et al, 2022). The development of advanced statistical and intelligent predictive maintenance techniques aims to optimize the diagnostic approach by leveraging recorded data.…”
Section: Introductionmentioning
confidence: 99%