Predictive Modeling

Simulation and optimization

The Predictive Modeling module of strEAM+ gives you the chance to build and calculate different business scenarios with predictive analytics. It’s an advanced quantitative strategy model and simulation for assets, systems and units. This will help you to optimize your APM strategy over the life cycle of your assets.

Insight into the total cost of asset ownership is one of the keys to corporate success. strEAM+ Predictive Modeling allows decision-making by confidently predicting the consequences of asset-related actions in terms of risk, cost and performance.

Calculating the effects of multiple maintenance scenarios provides you with the knowledge for well-founded and data-driven decisions. The freedom to model different strategies allows accurate projections of the necessary resources for planned and unplanned corrections, either by fixed or variable cost. Predictive Modeling can also be applied for Life Cycle Costing.

Advanced quantitative strategy modeling and simulation for assets, systems and units

  • Define and populate MTTF and /or MTTR distributions based on existing and projected reliability
  • Make cost models for planned and unplanned (failure) corrections
  • Balance future availability, reliability and costs while managing risks
More info (PDF)