• Title/Summary/Keyword: consequence of failure (COF)

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Application of Risk-Based Inspection with Financial Risk for a Petrochemical Process (석유화학공정에서 재정적 위험도에 의한 위험기반검사의 적용)

  • Kim, Tae-Ok;Lee, Joong-Hee;Choi, Sung-Kyu;Lee, Hern-Chang;Jo, Ji-Hoon
    • Journal of the Korean Institute of Gas
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    • v.13 no.4
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    • pp.53-60
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    • 2009
  • For the case of the facilities using utilities such as cooling water and steam, risk of the facilities is zero because the consequence of failure (COF) through equipment damage area is zero. Therefore, to improve the estimation method of the risk by COF through equipment damage area in the risk-based inspection (RBI), this study developed the procedures of RBI, in which the risk was estimated by COF through financial loss. And, the RBI program (KS-RBI Ver 3.1) was developed to establish inspection interval based on the risk of the facilities estimated by COF through equipment damage area and financial loss, simultaneously, and the developed RBI program was applied to a petrochemical process. As a result, risks of the facilities estimated by COF through financial loss were similar to risks by COF through the equipment damage area. But, for the case of the facilities using utilities or expensive facilities, the estimation method of the risk by COF through financial loss was more accurate than through equipment damage area.

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Reduction Method for the Risk of the Chemical Facilities by KS-RBI Program Supporting the Quantitative Cause Analysis (정량적 원인분석이 가능한 위험기반검사(KS-RBI)에 의한 화학설비의 위험도 경감방안)

  • Kim, Tae-Ok;Lee, Hern-Chang;Jo, Ji-Hoon;Kim, Kyu-Jung;Kwon, Hyuck-Myun
    • Journal of the Korean Institute of Gas
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    • v.12 no.2
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    • pp.110-117
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    • 2008
  • The risks of the chemical facilities were estimated by the KS-RBI(Ver. 3.0) program supporting the quantitative cause analysis, and reduction method for the risks of the facilities was investigated. As a result, we could find that the risks of the facilities decrease with reducing the likelihood of failure (LOF) affected by demage mechanism, inspection number and effectiveness of inspection, and with reducing the consequence of failure (COF) affected by the ratings of the detection, isolation, and mitigation systems. Furthermore, high risks of the facilities would be decreased by reduction of the LOF and the COF simultaneously. Accordingly, the applied plant would be able to achieve the decrease of inspection and labor costs because of the decrease of consequences and inspection intervals through the reduction of risks.

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Prediction of Maintenance Period of Equipment Through Risk Assessment of Thermal Power Plants (화력발전설비 위험도 평가를 통한 기기별 정비주기 예측)

  • Song, Gee Wook;Kim, Bum Shin;Choi, Woo Song;Park, Myung Soo
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.37 no.10
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    • pp.1291-1296
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    • 2013
  • Risk-based inspection (RBI) is a well-known method that is used to optimize inspection activities based on risk analysis in order to identify the high-risk components of major facilities such as power plants. RBI, when implemented and maintained properly, improves plant reliability and safety while reducing unplanned outages and repair costs. Risk is given by the product of the probability of failure (POF) and the consequence of failure (COF). A semi-quantitative method is generally used for risk assessment. Semi-quantitative risk assessment complements the low accuracy of qualitative risk assessment and the high expense and long calculation time of quantitative risk assessment. The first step of RBI is to identify important failure modes and causes in the equipment. Once these are defined, the POF and COF can be assessed for each failure. During POF and COF assessment, an effective inspection method and range can be easily found. In this paper, the calculation of the POF is improved for accurate risk assessment. A modified semi-quantitative risk assessment was carried out for boiler facilities of thermal power plants, and the next maintenance schedules for the equipment were decided.