ABSTRACT
The purpose of this article is to aid the maintenance system in determining the optimal inspection interval for a motor-fan assembly by utilizing a cost-risk analysis model. The article begins by stating that maintenance requirements do not remain constant but rather change in response to changes in business and technological environments. As a result, the objectives and modes of operation of the maintenance function should be constantly evaluated and modified as necessary. This includes the updating of maintenance plans, the development and restructuring of resources, the evaluation and redefining of processes, as well as the evaluation and redefining of existing processes. As a result, the maintenance department’s objective is to prevent or mitigate degraded performance of the organization’s operational assets, as well as to manage the risk of a failure when the asset’s desired function is lost. It is a best practice in asset management to have a list of maintenance strategies in place to ensure that the asset performs satisfactorily and predictably throughout its life. This includes online inspections, monitoring or testing, and preventive maintenance policies (time-based, condition-based, or usage-based), all of which can benefit from cloud-based IoT implementation. Typically, equipment manufacturers or suppliers deliver a list of maintenance and inspection tasks and their associated frequency of application that is incompatible with the current operational context, the asset’s life/age, or the business consequences of the asset’s failure.
