A Framework for Implementing Value-Based Approach in Asset Management
| Autor: | Marco Garetti, Marco Macchi, Irene Roda, Ajith Kumar Parlikad |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
0209 industrial biotechnology
021103 operations research Corrective maintenance IT asset management business.industry Computer science 0211 other engineering and technologies 02 engineering and technology Operational excellence 020901 industrial engineering & automation Risk analysis (engineering) Value (economics) Key (cryptography) Production (economics) Asset management business Root cause analysis |
| Zdroj: | Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015) ISBN: 9783319270623 Lecture Notes in Mechanical Engineering Lecture Notes in Mechanical Engineering-Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015) Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). Lecture Notes in Mechanical Engineering |
| ISSN: | 2195-4356 2195-4364 |
| DOI: | 10.1007/978-3-319-27064-7_47 |
| Popis: | ISO 55000 puts ‘value’ at the core of asset management. This paper provides a framework to help production companies implement value-based Asset Management (AM) in a way that it contributes to operational excellence. Value-based AM is achieved when the value delivered by assets is used by the organization as the key decision criterion to choose between different AM options (both at tactical and operational level). Given this perspective, it is vital that organizations are able to quantify the value delivered by their assets and manage that value through informed and coherent decision-making. Value-based AM is still a concept more quoted in theory than described in practical terms. A clear understanding about the main elements that are needed to enable it is still missing in industrial practice. The framework presented in this paper provides the key elements needed for successful integration of a value quantification model with the AM system to ensure the effective implementation of value-based approach in AM. |
| Databáze: | OpenAIRE |
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