Interlinking life-cycle data spaces to support decision making in highway asset management

2016 ◽  
Vol 64 ◽  
pp. 54-64 ◽  
Author(s):  
Tuyen Le ◽  
H. David Jeong
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Asset Management ◽  
Support Decision Making

scholarly journals Understanding the Stages of the Product Life Cycle

2021 ◽  
Author(s):  
Chinonso Kenneth Udokporo
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Technological Innovation ◽  
Product Life Cycle ◽  
Corporate Strategy ◽  
Strategy Development ◽  
Product Life ◽  
Technology Deployment ◽  
Biological Studies ◽  
Support Decision Making

Originally formulated in the context of biological studies, the Life cycle (LC) concept was and now has become widely adopted as a framework for the interpretation and evaluation of phenomena that are subject to, and bound by the inevitability of change. The application of the LC concept to the development of industrial products is an important element in the administration of technological innovation. On this basis, therefore, it is referred to as the product life cycle (PLC). The concept of the PLC is used to support decision making in the management of product development. It may also be used in corporate strategy development, as well as the planning of activities and can be adapted to focus on technology deployment.

Risk-Based Management of Rotating Equipment

2000 ◽  
Author(s):  
Thomas Van Hardeveld
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Asset Management ◽  
International Standards ◽  
Business Goals ◽  
Reliability Centered Maintenance ◽  
Rotating Equipment ◽  
Physical Assets ◽  
Construction Operation ◽  
High Level

There is increasing emphasis on improving the effectiveness of all physical assets, particularly major assets such as rotating equipment where the financial and business consequences of failure are significant. A number of approaches to asset (or maintenance) management have been proposed and attempted with varying degrees of success. Maintenance philosophies such as Total Productive Maintenance, Condition-Based Maintenance and Reliability Centered Maintenance are being heavily promoted by users and consultants alike. However, a consistent and comprehensive solution to business needs has not always resulted and implementation of these new techniques has often been only partially successful. This lack of success is often caused by the absence of a comprehensive approach to asset management that considers all aspects of the equipment life cycle. It is now beginning to be recognized that a risk-based approach offers a unique opportunity for providing an integrated perspective on the management of physical assets. Risk-based methods not only offer a powerful method for assisting in decision-making that can span from high level to lower level decisions but also provides specific tools that can be brought to bear on design, operational and maintenance needs. These methods fully support a life cycle view of assets that optimizes their effectiveness in the context of overall business goals and objectives. This paper describes the application of risk-based management and associated techniques to the life cycle of major rotating equipment in pipeline operation. A comprehensive framework consistent with best practices and international standards is established providing the basis for design, construction, operation and maintenance phases of the life cycle. Of key importance is the presentation of a decision-making process based on integrated risk that brings major value to operators of physical assets. Relevant risk-based techniques are described and evaluated for applicability to rotating equipment.

A Study of Process Rebuilding of Asset Life Cycle Management in Power Grid Enterprises Based on MIMS Diagnosis Model

2014 ◽  
Vol 472 ◽  
pp. 997-1002
Author(s):  
Yong Zhang ◽  
Yi Zhang
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Asset Management ◽  
Closed Loop ◽  
Power Grid ◽  
Life Cycle Management ◽  
Management Process ◽  
Four Dimensions ◽  
Whole Process ◽  
Diagnosis Model

According to the demand of asset life cycle management on closed-loop management of whole process, and taking the characteristics of asset management in power grid enterprises into consideration, this paper puts forward a MIMS diagnosis model of asset management process based on the concept of life cycle management. Using the MIMS model, this paper analyzes the problems of asset management of power grid enterprises from four dimensions, i.e., management mode, information sharing, decision making mechanism and methods, systems and standards. Finally, some suggestions on process rebuilding of asset life cycle management in power grid enterprises have been brought forward.

scholarly journals Evaluation of Anti-Icing/De-Icing Products Under Controlled Environmental Conditions

2020 ◽  
Author(s):  
Yi Ji ◽  
Bob McCullouch ◽  
Zhi Zhou
Keyword(s):  
Decision Making ◽  
Life Cycle Assessment ◽  
Life Cycle ◽  
Environmental Impact ◽  
Assessment Tool ◽  
Winter Season ◽  
Decision Support Tool ◽  
Support Tool ◽  
Winter Operation ◽  
Support Decision Making

Snow and ice removal are important tasks during the winter season and large amounts of anti-icing and de-icing chemicals are used and there is a critical need to review and synthesize information from the literature to compare and contrast anti-icing and de-icing chemicals to understand their environmental impact and support decision making. The effectiveness, costs, and environmental impact of commonly used and alternative anti-icing and de-icing chemicals were reviewed in this study. Application of anti-icing and de-icing chemicals may increase ion concentrations in soils and change nitrogen cycle, soil pH, and trace metal concentrations, affect surface water and groundwater, and increase public health risks. Life cycle assessment was conducted to quantitively evaluate environmental impact of selected anti-icing and de-icing chemicals. A decision support tool on environmental impact was developed to evaluate environmental impact of anti-icing and de-icing chemicals in ten different environmental impact categories. The results showed the environmental life cycle assessment tool developed in this study can be used to compare multiple environment impacts to support decision making for winter operation chemicals.

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