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Conferences


Decision Analysis for Operation and Maintenance Professionals

Introduction:

This program examines lean thinking and techniques for decision analysis with emphasis on the lean approach and responsiveness to the customer requirements. Decision-making is the most central human activity, intrinsic in our biology, and done both consciously and unconsciously. We need it to survive. Taking a decision is not just a question of selecting the best alternative. Often one needs to prioritize all the alternatives for resource allocation among a portfolio of option, or to examine the effect of changes introduced to initial judgments

Targeted Groups:

  • Operation Professionals
  • Maintenance Professionals
  • Reliability Professionals
  • Key Operations Supervisors
  • Internal Improvement Consultants

Conference Objectives:

At the end of this conference the participants will be able to:

  • Improve productivity through the use of better, timelier information.
  • Understand how world-class organizations solve common asset management problems.
  • Optimize planning and scheduling resources.
  • Carry out optimized failure analyses.
  • Optimize asset management budgets by the avoidance of unplanned equipment failures in service.
  • Develop a practical approach of an action plan to utilize these technologies in their areas of responsibility, fitting them into the overall strategy, and measuring benefits.

Targeted Competencies:

  • Breaking a problem down into its constituent parts or components, in the framework of a hierarchy
  • Establishing importance or priority to rank the alternatives is a comprehensive & general way to look at the problem in a formal manner
  • Application of Multi-Criteria Decision-Making (MCDM) to practical problems
  • Introduction to different operational research & management science methods
  • Enhance decision-making with goals and criteria & show how to measure and rank them

Conference Content:
Unit 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

Unit 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

Unit 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)

Unit 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

Unit 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

Unit 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

Unit 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

Unit 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

Unit 9: 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

Conferences
Decision Analysis for Operation and Maintenance Professionals (C8007)

 

Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.

Istanbul Office (Turkey)

training@mercury-training.com +905395991206

London (UK)

training@mercury-training.com +447481362802

Amman (Jordan)

training@mercury-training.com +962785666966