Industry and agricultural consolidation with worldwide competition are putting today’s plants, processes, parts, equipments, instruments and monitoring/maintenance strategies under intense financial pressure, which makes operations and maintenance budgets to be among the first to be cut. Fewer personnel working fewer hours are expected to operate and maintain more equipment at lower cost, while also delivering higher throughput, higher availability, and higher profits with aging assets.
It’s a trend that shows no sign of changing. Agriculture and Industrial Organizations must therefore increase the productivity of their existing maintenance and operations teams, while continuing to look for ways to reduce costs, waste, energy and even more.
Fortunately, there are still opportunities and potentials for improvement in almost every operation. Technological Inheritance Technique can help to estimate the potentials in plants, processes, parts and equipments in agriculture and industrial organizations. The technique can be used to measure component/system reliability growth, degradation and cost.
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