Quantitative techniques for asset management
Y Ibrahim and D Lloyd
6 points * 78 hours * Full-year subject * Gippsland/Distance * Prerequisite: GEG7014
Objectives To introduce students to the quantitative techniques available for the analysis of maintenance data and mathematical modelling of maintenance activities and to reliability and risk analysis studies. The benefits of studying quantitative techniques in asset management are that you can apply specific techniques in your work; can base maintenance planning and decision making on the principles underlying the techniques; can judge the extent to which your organisation should commit itself to the application of any given technique.
Synopsis Mathematical concepts and calculation techniques, decision making in maintenance, preventive maintenance, failure analysis and types, data representation, statistics, probability and probability distributions, Weibull analysis, reliability and reliability models, operability and hazard analysis, fault and event trees.
Assessment Examination: 50% * Assignments: 50%
Prescribed texts
Billinton R and Allan R N Reliability evaluation of engineering systems Pitman, 1983
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