Fossil plant run/repair/replace decisions are often tough calls, further complicated by aging equipment and dwindling repair and replacement budgets. Structural Integrity Associates, Inc. (SI) offers clients a methodical approach to financial risk optimization (FRO), using decision analysis methods now employed by corporate financial planners. Based on failure history data and in-depth plant personnel interviews, SI's FRO approach determines highest-risk components and estimates their probability of failure over time. Inspection results and probabilistic remaining life analysis are then used to fine-tune determinations of the highest-risk-driving components and how they affect run/repair/replace decisions. The end result: a financial business plan for plantwide maintenance.

For information, please contact info@structint.com

Related Webinars:

• Financial Risk Optimization for
  Run/Repair/Replace Timing