Whether you need to replace component-parts or entire equipment units, consider safety or monitor performance, this course will enable you to make the very best decisions for your organisation, and will equip you with the know-how to select the most appropriate analytical tools for decision-making.

In this workshop, a broad spectrum of topics will be covered, including:

• How to factor in key elements of financial analysis for capital equipment
• How to determine the economic life of an asset when its utilisation declines with age
• Which approaches to use for monitoring the performance of an individual asset
• Educational version of AGE/CON used for establishing economic life of mobile equipment
• RelCode used for establishing optimal preventive replacement time for critical equipment components

Also covered will be the importance of the Weibull parameter, how to make decisions based on limited data and the recommended way to establish the optimal inspection frequency for equipment in continuous operation. The key benefits of condition-based maintenance (CBM) software will be discussed with reference to UofT's EXAKT software for CBM.

To ensure that you are confident in applying the methodologies introduced in this course, each attendee will receive a CD-ROM containing all of Prof. Jardine’s power point slides used during the course, along with a copy of his internationally adopted text “Maintenance, Replacement and Reliability”.

Course Content: Day 1 - Fleet Management

• Setting objectives
• The “scientific” approach versus “intuition”
• Problem areas – purchasing, maintaining and replacing vehicles
• Aspects of discounted cash flow used in capital equipment replacement analysis; estimating the interest rate appropriate for discounting; present-value calculations; the effects of inflation in the analysis; calculating the Equivalent Annual Cost (EAC) Vehicle Replacement Decisions
• The “classic” Economic Life Model
• The effect of before-and-after tax calculations
• Tracking the economic life of a particular vehicle, of a “class” of vehicles
• Determining the optimal trade-in time
• Calculating the costs of trading in at the “wrong” time
• The Repair-vs-Replace decision
• Life-cycle costing
• Technological improvement
• Determining your best fleet size
• Case studies, including examples from trucking, transit and motor coach, materials handling (FLT), heavy mining equipment & baggage handling.

Vehicle Component Replacement

• Analysis of vehicle component failures
• Using the right formula – Weibull Analysis
• The hazard function and the composite “bathtub” curve
• “Infant mortality” of components – what it means
• Using median ranks to estimate the risk of a component failure
• Testing the Goodness-of-Fit of your curves
• Reducing the number of on-the-road failures

Day 2 - Component Preventive Replacement

• Alternative policies explained – Age versus Block replacement
• Use of PC Software (RelCode) for preventive replacement strategies
• Case studies, including transmissions, fuel pumps, water pumps, bearings, inspection procedures
• Maximising fleet availability – keeping vehicles on the road
• Engine oil analysis – the use of Proportional Hazards Modeling (PHM)
• Case studies, including vehicle availability maximization (subject to ABC&D inspection schedules), interpreting information from a Spectroscopic Oil Analysis Program (SOAP)
• Optimization of condition-based maintenance procedures: Role of EXAKT
• Exercises in component and capital equipment replacement analysis using RelCode and AGE/CON software

Organizational Structure Decisions

• Determining maintenance crew sizes
• The role of computer simulation
• The decision to use your own vehicles versus hiring
• Lease-vs-buy decision
• Discussion period for left-over questions, summary of issues covered, lessons learned

Participant Profile

This 2-day workshop is for anyone whose job relates to the maintenance and replacement of moveable capital assets. Managers and engineers responsible for fleets of trucks, buses, automobiles, or heavy equipment will benefit from learning the newest decision-making techniques. Course material is presented in learn-as-you-go stages with case studies for practical reference. If your organisation is involved in trucking, transit or motor coach operation, automobile or civic fleet administration, heavy equipment operation or baggage handling, this is a must attend workshop.

Trainer Profile

Andrew Jardine, PhD., P.Eng., is a Professor in the Department of Mechanical and Industrial Engineering at the University of Toronto and Principal Investigator in the Condition-Based Maintenance Laboratory where the EXAKT software has been developed. He also serves as a Senior Associate Consultant with IBM Business Consulting Services' Enterprise Asset Management Practice. Dr. Jardine is the author of the AGE/CON and PERDEC life-cycle costing software, licensed to British Airways, Canada Post, the Hong Kong Mass Transit Authority and other organisations in Canada and globally. Dr. Jardine was the 1993 Eminent Speaker to the Maintenance Engineering Society of Australia and in 1998 was the first recipient of the Sergio Guy Memorial Award from the Plant Engineering and Maintenance Association of Canada in recognition of his outstanding contribution to the Maintenance profession.

Course Cost: €895	Duration: 2 days	Date: Spring 2012
Location: TBC	Click for booking form	Click for Cancellation Policy