Journal of the Korean Society of Safety (한국안전학회지)

The Korean Society of Safety (한국안전학회)
권호 표지

A Study on the Optimal Equipment Selection of Series Systems using Life Cycle Cost and Failure Cost

Failure Cost와 Life Cycle Cost를 고려한 연속시스템에 대한 최적 장치 선택에 관한 연구

  • Jin Sang-Hwa (Department of Chemical Engineering, Konkuk University) ;
  • Kim Yong-Ha (School of Chemical Engineering, Seoul National University) ;
  • Song Hee-Oeul (Department of Chemical Engineering, Konkuk University) ;
  • Yeo Yeong-Koo (Department of Chemical Engineering, Hanyang University) ;
  • Kim In-Won (Department of Chemical Engineering, Konkuk University)
  • Published : 2004.12.01
Download PDF
⟨ Previous Next ⟩

Abstract

In this study, the required life cycle cost is evaluated in consideration of the equipment's availability during its lift cycle. In order to meet the maximum availability required by the process, the failure cost and life cycle cost is assessed The optimal equipment selection method is presented according to the analysis of the failure cost and life cycle cost. For the systems in which equipments are connected serially, the optimal equipments are selected by minimizing the life cycle cost and satisfying the required system availability goal. In addition, the selection methods and lift cycle cost are analyzed according to the cost variation of the equipment. By using the life cycle evaluation procedure, the failure cost and maintenance cost needed during the life cycle of the equipment can be presented.

Keywords

References

  1. 이문용, 정재학, '화학공정설계', 도서출판 아진, 1999
  2. 류병태, 서재민, 유진환, 김정원, 박경태, 최운혁, 김선재, 함정훈, 엄성인, 백종배, 고재욱, '화학설비의 비용.편익 분석 개발에 관한 연구', Theories and Applications of Chem. Eng., 7, 3223-3226, 2001
  3. Stewart, M. G., 'Reliability based assessment of ageing bridges using risk ranking and life cycle cost decision analyses', Reliability Engineering and System Safety, 74, 263-273, 2001 https://doi.org/10.1016/S0951-8320(01)00079-5
  4. Woodward, D. G., 'Life cycle costing theory, information acquisition and application', International Journal of Project Management, 15, 335-344, 1997 https://doi.org/10.1016/S0263-7863(96)00089-0
  5. Hennecke, F. W., 'Life cycle costs of pumps in chemical industry', Chemical Engineering and Processing, 38, 511-516, 1999 https://doi.org/10.1016/S0255-2701(99)00047-1
  6. Durairaj, S.K., Ong, S.K., Nee, A.Y.C. and Tan, R.B.H., 'Evaluation of Life Cycle Cost Analysis Methodologies', Corporate Environmental Strategy, 9, 2002
  7. Goble, W.M, Control Systems Safety Evaluation and Reliability, ISA-The Instrumentation, Systems, and Automation Society, 2nd ed., 1998
  8. Edward M. M., Eric W. S., Safety Integrity Level Selection, ISA The Instrumentation, Systems, and Automation Society, 2002
  9. Hanselman, D. and Littlefield, B., MATLAB User's Guide, Prenticl Hall, 1997
  10. Adamantios Mettas, 'Reliability Allocation and Optimization for Complex System,' IEEE Transaction, 2000