Selected Topics on Aging Management, Reliability, Safety and License Renewal 2002
DOI: 10.1115/pvp2002-1386
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Risk-Based Maintenance: A New Vision for Asset Integrity Management

Abstract: This paper describes a holistic, risk-based approach to asset integrity management (AIM). The approach outlined in this paper is referred to as risk-based maintenance. This approach is based on proven risk assessment and reliability analysis methodologies, as well as the need to have appropriate management systems. Combining these tools and management systems provides a holistic approach to managing asset integrity, rather than a seemingly random application of analysis approaches and improvement initiatives. … Show more

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Cited by 12 publications
(9 citation statements)
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“…Later, the same methodology was applied to other structures such as ships and tankers (Soares and Garbatov 1996;Paik et al 2003), floating, production, storage and off-loading facilities (Lotsberg et al 1999;Goyet et al 2002), semi-submersibles, pipelines (Willcocks and Bai 2000;Desjardins 2002;Dey and Gupta 2001), process plants (Geary 2002;Montgomery and Serratella 2002;Kallen and Noortwijk 2005;Khan et al 2006), bridges (Frangopol et al 2004), and breakwaters (Noortwijk and Phajm 1996). The degradation mechanisms such as fatigue cracking and corrosion of steel and concrete structures were also considered (Faber 2002).…”
Section: Theoretical Backgroundmentioning
confidence: 96%
“…Later, the same methodology was applied to other structures such as ships and tankers (Soares and Garbatov 1996;Paik et al 2003), floating, production, storage and off-loading facilities (Lotsberg et al 1999;Goyet et al 2002), semi-submersibles, pipelines (Willcocks and Bai 2000;Desjardins 2002;Dey and Gupta 2001), process plants (Geary 2002;Montgomery and Serratella 2002;Kallen and Noortwijk 2005;Khan et al 2006), bridges (Frangopol et al 2004), and breakwaters (Noortwijk and Phajm 1996). The degradation mechanisms such as fatigue cracking and corrosion of steel and concrete structures were also considered (Faber 2002).…”
Section: Theoretical Backgroundmentioning
confidence: 96%
“…Although the work led to great differences in the results, various factors that affect the quality of the analyses were identified and the results of the analysis led to maintenance decisions. Montogomery and Serratela (2002) also developed a risk-based approach, based on the use of risk assessment and reliability analysis methodologies, to assist integrity management.…”
Section: Introductionmentioning
confidence: 99%
“…Another link in this chain of progress has been recently added by the introduction of a risk-based approach to maintenance. This approach has been suggested as a new vision for asset integrity management [1,14,15,17,18]. Risk-based maintenance strategies have been developed to provide a basis for not only taking the reliability of a system into consideration when making decisions regarding the type and the time for maintenance actions, but also to be able to take into consideration the risk that would result as a consequence of an unexpected failure [e.g.…”
Section: Introductionmentioning
confidence: 99%