Apparatus and method for determining a maintenance schedule

A system, comprising:

• an interface that is configured to receive first inputs, second inputs, and third inputs;
• a database that is configured to store a lifing model that describes the reliability of an asset, the database also storing a performance analysis model, the performance analysis model responsively modeling a cost of degradation of performance of the asset over time;
• a control circuit coupled to the interface and the database, the control circuit configured to, for a first proposed maintenance event, apply the first inputs to a lifing model, the lifing model responsively producing a cost of an unplanned failure for an asset, the control circuit further configured to apply the second inputs to a performance analysis model, the performance analysis model responsively producing a cost of degradation of performance of the asset over time, the control circuit also configured to determine a projected revenue for the asset based upon the third inputs, the control circuit further configured to obtain a profitability of the asset based upon the revenue for an asset, the cost of the unplanned failure for the asset, and the cost of degradation, the control circuit configured to rendering the profitability associated with the first proposed maintenance event to a user on a display via the interface;
• wherein subsequently, one or more of the first inputs, the second inputs, or the third inputs are adjusted according to a second proposed maintenance event, and an adjusted profitability is determined and rendered to the user at the display for the second proposed maintenance event;
• and
• wherein one of the first or second proposed maintenance events is selected, and the selection is effective to balance the profitability of the asset with an immediate cost of the selected maintenance event.