Electricity is the main driving force of industries today. The reason behind it is electricity can be easily converted to other forms of energy, regardless of the industrial types electricity is used all over the world in industrial sectors.
Poor power quality in the industry will cost money in the form of equipment damage, production loss, raw material loss, greater down time and goodwill loss. To survive the today’s global competitive market productivity is the key. Thinking about the basic inputs to production—time, labor, and materials it is very much clear that there isn’t much room for optimization. Power efficiency is definitely the sector where industry can focus to mitigate losses such as down time, production loss and equipment damage.
There is a wise saying “If you can measure it, you can manage it”. So it’s time to break down “Power Quality” term to its sub-sectors for better understanding so that you can measure each of the problematic parameters in your facility...
Syed Quarishy, Technical Safety and Risk Management Consultant
Risk is often defined as a function of the likelihood that a specified undesired event will occur and the severity of the consequences of the event. Risk is derived from the product of likelihood and potential consequence. Risk in general is a measure of potential economic loss or human injury in terms of the probability of the loss or injury occurring and magnitude of the loss or injury if it occurs. Risk thus comprises of two variables: magnitude of consequences and the probability of occurrence.
Quantitative Risk Assessment (QRA) is a dominant analysis tool used for risk management and safety improvement. It provides a rational basis for evaluating process safety with respect to its theoretical and practical limitations. QRA should be used when the available input data are sufficient enough to ensure that valid and robust results will be obtained.
To provide results consistent with good industry practice Risk Management Guidelines are often used to...
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