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The article focuses on the benefits of sound-based predictive maintenance approach. It states that the approach offers several advantages including energy savings, productivity improvements, and reductions in maintenance activities. According to the author, the approach can detect incipient failures successfully. The approach is used in industrial plants to supply vibration analysis for examining the condition of the equipment.

The article discusses the optimization of preventative maintenance in industrial plant management. A discrete event simulation (DES) model is used to model variable state changes over time. The stochastic character of real-life models is imparted to the DES model by using random numbers to generate events.

The article discusses a research project which focuses on the problem of raw material reordering batch sizes and points through a discrete-event simulation software. It states that a product developed and tested for reordering points was successfully applied to optimize the reordering batch sizes and points of several spare parts of a refinery. It says that the satisfactory outcome led to the reduction of the total backorder, ordering, and storage costs.

The article discusses the development of a multicriteria optimization method using a multiobjective evolutionary algorithm for the maintenance of chemical plants and equipment. The aim of the approach is to address the problem of preventive maintenance interval optimization based on total costs and overall equipment effectiveness criteria. An illustration of a simplified plastic injection system used to produce hubcaps for automobile factories is presented.

The article discusses the changes have come to the industry due to rapid digitalization— the next industrial revolution, or Industry 4.0. Manufacturing models are changing through the use of smart technologies that enable new and more efficient processes, products and services. Topics include revolution at changing speeds, depending on the business model of each sector; and digitalization trend in the oil and gas industry means more than increased productivity.

The article discusses the application of a tool to simulate pipeline performance as a way of developing a feasible schedule for a certain time span. It states that pipeline transport is an important method of transfering oil derivatives to other locations, which is inexpensive and reliable. It enumerates several factors that influence the feasibility of a pipeline schedule and stresses the importance of operating the simulator in a similar manner to how a real pipeline is simulated.

The article focuses on the money-based overall equipment effectiveness method to identify, prioritize and quantify inefficiencies. The introduction of a consequence, enterprise resource planning, computerized maintenance management systems, and composed balance scorecards are tools used to control an monitor costs and are intended for the physical asset manager.

The article reports on a method to show what cost incidents related to maintenance appear in industrial plant equipment. It states that industrial companies are trying to maximize the productivity of their equipment through management models and organizing its human and technical resources. It notes that failures in the equipment operation are presented according to its relevance and gravity. It adds that the root cause of plant incidents must be reduced to increase plant efficiency.