RAM (Reliability, Availability & Maintainability)
A well-designed and properly implemented asset optimization program can significantly lower project costs.
Reliability, Availability & Maintainability (RAM) modeling assesses a production system’s capabilities, whether it is in operation or still in the design phase. The results from a RAM modeling will identify possible causes of production losses and can examine possible system alternatives. The RAM study is thus a tool for decision-making with help for costs versus benefits analysis.
RAM modeling can simulate the configuration, operation, failure, repair and maintenance of equipment. The inputs for a RAM modeling will include the physical components, equipment configuration and maintenance philosophy in a system and the outputs can determine average production of the system over the facility or vessel life.
RAM studies will generate sufficient data needed in order to make decisions for possible systems changes that may increase system efficiency, and therefore increase project profits.