Matches in SemOpenAlex for { <https://semopenalex.org/work/W2621083357> ?p ?o ?g. }
Showing items 1 to 58 of
58
with 100 items per page.
- W2621083357 endingPage "647" @default.
- W2621083357 startingPage "647" @default.
- W2621083357 abstract "The industry expenditure savings motive requires a cost/benefit analysis to optimise Integrity Management budgets. The challenge of estimating precise risk costs requires that numeric Probabilities of Failure (PoF) be known at the highest possible level of confidence, as equipment items specific PoFs govern the actual probability of financial losses and safety implications. The first-hand information on the equipment actual integrity condition is contained in numeric results of integrity inspections. In practice, these results are seldom analysed statistically, being collapsed into single ‘worst case’ values. This simplification prevents assessing of equipment specific actual PoFs and from quantifying failure risks when using traditional methods. We developed a new-generation inspection planning and assessment strategy applied to oil and gas pressure equipment. Evaluating equipment PoFs enables assessing risk costs and optimising the budgets, as well as setting justified internal inspection coverage and frequency objectives. This is achieved by a statistical analysis of numeric inspection data. Existing inspection data (such as ultrasonic testing spot-checks) can be used for a first-pass analysis. Statistical plotting of such data automatically visualises the data quality, and the relevant recommendations for improving inspection coverage or tools are drawn where necessary. We found that two criteria drive integrity decision making: failure total costs and annual fatality expectancies. These criteria are mutually complementary. Both need to be considered for a safe and profitable plant operation. Equipment individual risk control strategy is then developed from safety compliance and budget savings maximising standpoints, thereby also enabling confident design and procurement decisions. This is a new-generation strategy suitable for bringing together all branches of plant management and for improving confidence of the parties. We see it as an evolutionary update to Risk Based Inspection and Maintenance practice, which is now in high demand due to cost pressures." @default.
- W2621083357 created "2017-06-09" @default.
- W2621083357 creator A5044689695 @default.
- W2621083357 date "2017-01-01" @default.
- W2621083357 modified "2023-09-25" @default.
- W2621083357 title "Integrity inspection planning updated with cost of risk" @default.
- W2621083357 doi "https://doi.org/10.1071/aj16001" @default.
- W2621083357 hasPublicationYear "2017" @default.
- W2621083357 type Work @default.
- W2621083357 sameAs 2621083357 @default.
- W2621083357 citedByCount "0" @default.
- W2621083357 crossrefType "journal-article" @default.
- W2621083357 hasAuthorship W2621083357A5044689695 @default.
- W2621083357 hasConcept C112930515 @default.
- W2621083357 hasConcept C127413603 @default.
- W2621083357 hasConcept C144133560 @default.
- W2621083357 hasConcept C162853370 @default.
- W2621083357 hasConcept C199360897 @default.
- W2621083357 hasConcept C200601418 @default.
- W2621083357 hasConcept C201650216 @default.
- W2621083357 hasConcept C21547014 @default.
- W2621083357 hasConcept C2777675914 @default.
- W2621083357 hasConcept C41008148 @default.
- W2621083357 hasConcept C42475967 @default.
- W2621083357 hasConcept C43521106 @default.
- W2621083357 hasConceptScore W2621083357C112930515 @default.
- W2621083357 hasConceptScore W2621083357C127413603 @default.
- W2621083357 hasConceptScore W2621083357C144133560 @default.
- W2621083357 hasConceptScore W2621083357C162853370 @default.
- W2621083357 hasConceptScore W2621083357C199360897 @default.
- W2621083357 hasConceptScore W2621083357C200601418 @default.
- W2621083357 hasConceptScore W2621083357C201650216 @default.
- W2621083357 hasConceptScore W2621083357C21547014 @default.
- W2621083357 hasConceptScore W2621083357C2777675914 @default.
- W2621083357 hasConceptScore W2621083357C41008148 @default.
- W2621083357 hasConceptScore W2621083357C42475967 @default.
- W2621083357 hasConceptScore W2621083357C43521106 @default.
- W2621083357 hasIssue "2" @default.
- W2621083357 hasLocation W26210833571 @default.
- W2621083357 hasOpenAccess W2621083357 @default.
- W2621083357 hasPrimaryLocation W26210833571 @default.
- W2621083357 hasRelatedWork W1970683216 @default.
- W2621083357 hasRelatedWork W2369740236 @default.
- W2621083357 hasRelatedWork W2386083369 @default.
- W2621083357 hasRelatedWork W2751749905 @default.
- W2621083357 hasRelatedWork W2899084033 @default.
- W2621083357 hasRelatedWork W3027332752 @default.
- W2621083357 hasRelatedWork W3176972106 @default.
- W2621083357 hasRelatedWork W565138412 @default.
- W2621083357 hasRelatedWork W90806687 @default.
- W2621083357 hasRelatedWork W1501210568 @default.
- W2621083357 hasVolume "57" @default.
- W2621083357 isParatext "false" @default.
- W2621083357 isRetracted "false" @default.
- W2621083357 magId "2621083357" @default.
- W2621083357 workType "article" @default.