Course Objective : • To assist participants in understanding the main elements of plant optimization the way how to achieve and realize potential benefits • To enhance the business focus of participants and equip them to make more contributions to sustainable plant profitability • To equip maintenance professionals, planners and engineers with the knowledge to select the most appropriate methodologies for their maintenance decision-making • To learn how to identify the potential for reduction of energy consumption • To provide participants with practical and effective methods and tools to perform technical and economic evaluations of the alternatives Course Outline Overview of Optimization Technologies • Overview of Optimization Technologies for Process Plants • Elements of Process Plant Optimization Procedure • Constraints in Optimization: Production, Operation, Economy and Environment • Optimization Approaches: Mathematical Models and Physical Models – prototype units • Correlation between Process Optimization and Process Control in Typical Process Plant • Workshop: Examples and Solutions Reliability, Availability and Effectiveness • Relationship between Plant Reliability and Availability • Optimization of Plant Reliability • Optimization of Plant Availability through Improved Maintenance • Analysis of Effectiveness of Individual Equipment • Optimization of Overall Plant Effectiveness • Workshop: Examples and Solutions Best Practices for Energy Consumption • Optimization Strategies Aimed at Energy Consumption Reduction • World Standards and Benchmarking Guidelines • Best Practices in Process Plant Energy Management • Energy Conservation Check List in Typical Industrial Plants • Optimization of Heat Production and Steam Distribution and Consumption • Workshop: Examples and Solutions Maintenance Management System • Optimization of Utilization of Piping Systems and Pipelines • Optimization of Utilization of Pumps, Compressors and Fans • Optimization of Maintenance Management System and Frequency of Maintenance • Optimization of Spare Parts Management through Predictive Maintenance • Optimization of Repair and Alteration Programs in Accordance to Existing Codes • Workshop: Examples and Solutions Minimization of Equipment Failure • Risk Based Inspection (RBI) • Procedures for Minimizing Risk of Equipment Failure • Fitness For Service (FFS) Analysis and Estimate of Remaining Life of Equipment • Optimization of Plant Economy through Planned Equipment Replacement • Summary and Course Review