Predicting Equipment Failure Risk

Date: Tuesday, October 13, 2015

Door Open: 7:00 P.M.                                   Presentation: 7:30 P.M. 

Location: Islington Golf Club, 45 Riverbank Drive, Etobicoke, M9B 5B8.

Abstract:

Today, physical asset management is a high-tech field with software able to analyze condition-monitoring data and suggest to companies when to intervene with a maintenance action such as repair or replacement. For over 30 years, Professor Andrew Jardine has been working on optimizing the condition-based maintenance (CBM) decision by creating software able to determine both the risk of failure and the economic consequences of failure. The talk will focus on the development and applications of mathematical/statistical tools to balance risk and economic consequences of equipment failure.

Speaker

(also featured in the Spring 2015 Issue of Edge Magazine)

Dr. Andrew K.S. Jardine, Ph.D., C.Eng., P.Eng., is Founding Director of the Centre for Maintenance Optimization and Reliability Engineering (C-MORE) at the University of Toronto. C-MORE’s research is driven by close interactions with industry, and with researchers at universities worldwide. Dr. Jardine is also Professor Emeritus in the Department of Mechanical and Industrial Engineering at the University of Toronto. His most recent book is the second edition of his earlier work, Maintenance, Replacement & Reliability: Theory and Applications. Professor Jardine has garnered an impressive array of awards, honours and tributes, including election as a Fellow of the Canadian Academy of Engineering and a Fellow of the Institute of Industrial Engineers. In 2013, he received the Lifetime Achievement Award from the International Society of Engineering Asset Management (ISEAM). Besides writing, researching and teaching, Dr. Jardine has carried out innumerable consulting assignments with organizations around the world, including mines, government agencies, power and transit companies, and scores of others.

 

Registration: Registration Closed. Thank you all for attending! 

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