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Calculating the Optimal Frequency of Maintenance for the Improvement of Risk Management: Plausible Models for the Integration of Cloud and IoT

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IoT and Cloud Computing for Societal Good

Abstract

In this contribution, a mathematical model will be shown in order to determine the optimal frequency of maintenance considering costs, risk, and performance, where the application of tools based on IoT and cloud may provide useful advantages. With this purpose, it starts introducing the topic and indicating the usual decisions related to asset management. Then, the main variables (reliability and risk, operational costs, asset life extension) for the optimization of maintenance frequency are depicted, in order to define after that some mathematical models for the proactive replacement. Finally, an example applied to a steam turbine installed in a petrochemical plant is discussed, together with some conclusions.

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Fuenmayor, E., Parra, C., González-Prida, V., Crespo, A., Kristjanpoller, F., Viveros, P. (2022). Calculating the Optimal Frequency of Maintenance for the Improvement of Risk Management: Plausible Models for the Integration of Cloud and IoT. In: Verma, J.K., Saxena, D., González-Prida, V. (eds) IoT and Cloud Computing for Societal Good. EAI/Springer Innovations in Communication and Computing. Springer, Cham. https://doi.org/10.1007/978-3-030-73885-3_13

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  • DOI: https://doi.org/10.1007/978-3-030-73885-3_13

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  • Print ISBN: 978-3-030-73884-6

  • Online ISBN: 978-3-030-73885-3

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