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What is needed to perform a RAM Study?

What is needed to perform a RAM Study?

Maros and Taro require some basic information to run a study. This article aims at answering: What is needed to perform a RAM Study? Design basis The first step of any project aiming at building a RAM model involves becoming familiar with the sy ...

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Terminology Explained: P10, P50 and P90

Terminology Explained: P10, P50 and P90

In today’s Terminology Explained: P10, P50 and P90. When working with Monte Carlo simulations, some parameters that show up quite a lot are the P10, P50 and P90. What are these parameters? Why are they so important? The large amount of data prod ...

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What are the differences between Maros and Taro?

What are the differences between Maros and Taro?

What are the main differences between Maros and Taro? The main differences are mainly on a block flow diagram level - What does this exactly means? Development of Maros was started in 1984 with a discrete event based simulation tool initially fo ...

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A little bit of history of our new CEO (and RiskEx)

A little bit of history of our new CEO (and RiskEx)

Since October 2014, the Board of Directors has undertaken an extensive search and selection process to find and appoint the new DNV GL Group President & CEO, in preparation for the planned retirement of the current CEO Henrik O. Madsen. The Board ...

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Green energy: Quantifying biofuel production performance

Green energy: Quantifying biofuel production performance

The future of energy supply must come from sustainable sources – global warming is knocking on our doors every year and the effects are getting stronger. Amongst the different options for sustainable energy sources, we have biofuels. The mai ...

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Effective distribution of crude oil

Effective distribution of crude oil

The efficient and effective distribution of crude oil from producing regions to consumption regions requires an extensive and elaborate transportation system. This transportation system typically consists of a network of pipelines, tank farms and pum ...

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Plant-wide reliability

Plant-wide reliability

Click on the picture below: This is what we call Plant-wide reliability. For many years, analysts have tried to identify critical areas in their process plants. In an environment of thousands of pieces of equipment with different process condi ...

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Effective planning of maintenance activities

Effective planning of maintenance activities

Asset management comprises of a range of techniques to ensure maximum production at a minimum cost. This is achieved through an optimum combination of design configuration, maintenance strategy and operational procedures. RAM analysis can be used to ...

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Strategic gas planning

Strategic gas planning

Strategic gas planning requires a balance to be achieved between successfully satisfying consumer gas demand, whilst minimising costs both in terms of capital and operational expenditure. Liquefied Natural Gas tanker, From the customers’ pers ...

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And the Oscar goes to… Bad Actors!

And the Oscar goes to… Bad Actors!

Bad Actors Management is one of the main asset management techniques employed by many companies to identify and mitigate events that can potentially cause losses of many kinds. Performing a quick search for “Bad Actor Management” on the web yo ...

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