Training Course: Decision Analysis for Operation and Maintenance Professionals

Mastering Decision Analysis Techniques: From Definition to Advanced Methods for Maintenance Optimization and Operational Efficiency

REF: OG321585

DATES: 20 - 24 Jan 2025

CITY: Orlando, Florida (USA)

FEE: 6400 £

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Introduction

This program examines lean thinking and techniques for decision analysis with emphasis on the lean approach and responsiveness to the customer requirements. Decision-making is the most central human activity, intrinsic in our biology, and done both consciously and unconsciously. We need it to survive. Taking a decision is not just a question of selecting the best alternative. Often one needs to prioritize all the alternatives for resource allocation among a portfolio of option, or to examine the effect of changes introduced to initial judgments.

Course Objectives

  • Improve productivity through the use of better, timelier information.
  • Understand how world-class organizations solve common asset management problems.
  • Optimize planning and scheduling resources.
  • Carry out optimized failure analyses.
  • Optimize asset management budgets by the avoidance of unplanned equipment failures in service.
  • Develop a practical approach of an action plan to utilize these technologies in their areas of responsibility, fitting them into the overall strategy, and measuring benefits.

Course Outlines

Day 1: Introduction to Decision Making

  • Scope and significance of Decisions.
  • The Decision Making Process.
  • Choosing Between Options by Projecting Likely Outcomes.
  • Decision Tree Analysis: decision models; low probability, high-consequence events; valuing additional information and control.
  • Monte Carlo Simulation: optimization; advantages and limitations.

Implementing Multiple Criteria Decision Analysis

  • Definition of Decision Analysis.
  • How, and Why, Bad Decisions are Made.
  • Problems with Traditional Methods.
  • Guidelines for Good Decision Analysis.

Day 2: The Analytic Hierarchy Process (AHP)

  • What is AHP?
  • The Comparative Matrix.
  • Consistency Analysis.
  • Sensitivity Analysis.
  • Benefit/Cost Analysis.
  • Resources Allocation.
  • Applications of the AHP (The Concorde Case, Maintenance Strategy, Highway planning).

Risk Management through Failure Mode & Effect Analysis (FMEA)

  • Risk Mitigation.
  • Fault Tree analysis.
  • Risk Priority Number.
  • The Criticality Matrix.
  • Equipment Criticality Grading.
  • Cases from Oil and Gas Industry and others.
  • Modelling Reliability of Systems.
  • Series and Parallel Systems.
  • The Redundancy Concept.
  • Types of Redundancy.
  • When to Use Redundancy.

Day 3: MRP and ERP Systems

  • What is ERP and how did it develop.
  • What is MRP System.
  • What is MRPII System.
  • Planning and Control.
  • The Bill of Materials.
  • Master Production Schedule.
  • Scope of Decisions.

Optimum Performance Measure

  • Challenges of Performance Measures.
  • Performance Measures as a Continuous Improvement Process.
  • Desirable Features in Maintenance Performance Measures.
  • Best and Worst Practices in Performance Measures.

Day 4: The Overall Equipment Effectiveness as a Source of Best Practice in Maintenance

  • Advantages of OEE as an Improvement Programme.
  • Lean Maintenance through the Use of OEE.
  • Analysis of the Six-Big Losses.

The House of Quality

  • Basics of design evaluation.
  • How to convert the voice of the customer to engineering solutions for a better design.
  • Apply the concept of House of Quality in practical cases.

Day 5: Decision Analysis for Optimisation of Maintenance Activities

  • How to get the most of your CMMS?
  • Benefits that can result from CMMS.
  • Optimum Decisions for Maintenance Policies.
  • Unmet needs in Responsive Maintenance.
  • Key Features of Next Generation Maintenance Systems.
  • How to transform Data to Decisions.

Training Course: Decision Analysis for Operation and Maintenance Professionals

Mastering Decision Analysis Techniques: From Definition to Advanced Methods for Maintenance Optimization and Operational Efficiency

REF: OG321585

DATES: 20 - 24 Jan 2025

CITY: Orlando, Florida (USA)

FEE: 6400 £

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BlackBird Training Center