Asset Lifecycle Modelling
Obtaining the lowest cost of ownership for your capital assets is essential to running a profitable operation. Common questions asked by our clients include:
Should we Rebuild, Replace, Hire or Run To Failure?
If a combination of the above, where within the lifecycle should this happen?
One of our capital assets has had an unforeseen damage event. Is it still financially feasible to repair?
We’ve received multiple equipment hire proposals with various terms. Which ones will fulfil our production requirements whilst keeping the cost of ownership at a minimum?
We can create detailed financial models using data from your operation’s CMMS, Parts & Supply contacts with OEM’s and Reliability data. We create built-in scenario analyses for you to quantify the effect of Interest rate, FOREX and Cost of Capital fluctuations over the life of the operation to give a confidence level of the decision.
Reliability Engineering & Support
We offer a a wide range of reliability engineering services that offer direct value in increasing your assets availability and reducing unplanned downtime.
We offer the following services:
Developing FMECA’s
Calculating optimal maintenance/inspection intervals
Calculating optimal spares requirements for a certain level of system reliability
Weibull Analysis and determining the best maintenance tactics
Analyzing condition monitoring data (Vibration and Tribology) and estimating Remaining Useful Life of components
Developing Reliability Improvement Programs