Decision Analysis for Operation and Maintenance Professionals

Day 1: Introduction to Decision Making

• Scope and significance of Decisions

• The Decision Making Process

• Choosing Between Options by Projecting Likely Outcomes

• Decision Tree Analysis: decision models; low probability, high-consequence events; valuing additional information and control

• Monte Carlo Simulation: optimization; advantages and limitations

• Case Studies and Group Exercises

Day 2: Implementing Multiple Criteria Decision Analysis

• Definition of Decision Analysis

• How, and Why, Bad Decisions are Made

• Problems with Traditional Methods

• Guidelines for Good Decision Analysis

Day 3: The Analytic Hierarchy Process (AHP)

• What is AHP?

• The Comparative Matrix

• Consistency Analysis

• Sensitivity Analysis

• Benefit/Cost Analysis

• Resources Allocation

• Applications of the AHP (The Concorde Case, Maintenance Strategy, Highway planning)

• Case Studies and Group Exercises

Day 4: Risk Management through Failure Mode & Effect Analysis (FMEA)

• Risk Mitigation

• Fault Tree analysis

• Risk Priority Number

• The Criticality Matrix

• Equipment Criticality Grading

• Cases from Oil and Gas Industry and others

• Modelling Reliability of Systems

• Series and Parallel Systems

• The Redundancy Concept

• Types of Redundancy

• When to Use Redundancy

Day 5: MRP and ERP Systems

• What is ERP and how did it develop

• What is MRP System

• What is MRPII System

• Planning and Control

• The Bill of Materials

• Master Production Schedule

• Scope of Decisions

• Case Studies and Group Exercises

Day 6: Optimum Performance Measure

• Challenges of Performance Measures

• Performance Measures as a Continuous Improvement Process

• Desirable Features in Maintenance Performance Measures

• Best and Worst Practices in Performance Measures

Day 7: The Overall Equipment Effectiveness as a Source of Best Practice in Maintenance

• Advantages of OEE as an Improvement Programme

• Lean Maintenance through the Use of OEE

• Analysis of the Six-Big Losses

• Case Studies and Group Exercises

Day 8: The House of Quality

• Basics of design evaluation

• How to convert the voice of the customer to engineering solutions for a better design

• Apply the concept of House of Quality in practical cases

Day 9& 10: Decision Analysis for Optimisation of Maintenance Activities

• How to get the most of your CMMS?

• Benefits that can result from CMMS

• Optimum Decisions for Maintenance Policies

• Unmet needs in Responsive Maintenance

• Key Features of Next Generation Maintenance Systems

• How to transform Data to Decisions

• Examples of Approaches and Case Studies