A Reliability-Based Determination of Economic Life of Marine power plants

The reliability-based life approach is utilized. Selective failure modes of marine power plants are used for illustration. A case study of the Egyptian Commercial Fleet owned by the Public Sector Company was analyzed and used to establish a demonstration of the expected economic life based on local operating and maintenance conditions. The data acquired is analyzed and failure trend is derived for each failure mode. Probabilistic techniques are used to randomly generate numbers and times of occurrence of different failure modes. The reliability analysis is performed on the life span expected by the manufacture to predict the total number of failures, dependent failures, and cost of failures. Total expenditure due to random failure and cost of scheduled maintenance together with the annual income are utilized (using the time value of money) to determine the economic life of the plant. Conclusions are derived and recommendations for the enhancement of this work in the future are made