Answer to Question #299954 in Engineering for Asker

Question

Knowing that the assignment 1's system/asset was about the Eirish Mixer located in the mixing area of the Monolithic Plant:

4- Decide on which renewal/replacement strategy best represents the approach to the component maintenance, usage based or condition based, for example:

a. Age replacement of individual component.

b. Block replacement of individual components.

c. Age replacement of all components treated as a single component

d. Replacement on failure

e. Condition based renewal/replacement

f. Condition monitoring or continuous monitoring

Explain the reasoning behind your selection of strategy.

5- Undertake the required quantitative analysis to determine whether the selected renewal/replacement strategy is acceptable/efficient. Suggest alternatives if appropriate and substantiate your suggestions. Your answer may include consideration of more than one strategy