LIFEWISETM programme can save millions (£)
LIFEWISETM is an assessment programme comprising TWI's analysis tools to undertake fully-quantitative cost-risk optimisation. LIFEWISETM is particularly useful for optimising inspection or maintenance budgets for business-critical systems. LIFEWISETM is therefore a specialist extension of the RISKWISETM inspection planning methodology.
Using Net Present Value (NPV) as the financial measure, the LIFEWISETM model incorporates a trade-off between forced outage lost production costs and, for example, replacement costs. The optimum replacement date corresponds to the maximum NPV.
LIFEWISETM is suitable for a wide variety of business-critical capital equipment components such as: boiler superheater tube banks, oil and gas prod uction pipeline networks, oil refinery fired heater radiant tubes, etc.
The application of LIFEWISETM can save an operator millions (£) in avoiding forced outages and unnecessary maintenance and inspection costs.
For more information about implementing the LIFEWISETM programme, please contact: email@example.com