Multi-criteria decision-making considering risk and uncertainty in physical asset management

2020 ◽  
Vol 65 ◽  
pp. 104064 ◽  
Author(s):  
Zaki Syed ◽  
Yuri Lawryshyn
2019 ◽  
Vol 25 (8) ◽  
pp. 798-804
Author(s):  
Kornel Almassy ◽  
Gábor Pusztai ◽  
László Gáspár ◽  
János Lógó

A modern Pavement Management System (PMS) should be essential for maintenance a metropolitan urban road network. Municipality of Budapest has developed own management system for their road pavement operation. To an efficient outcome the newest methods are used for the data collecting with the most innovated geo-informatics solutions, which are help us in our multi criteria decision making process. We present a degradation model which useful for the prediction of the roughness, yielding surface condition of the pavement in the future. After the whole data evaluation we give accurate information about the general characterization of the permanent road network conditions. Our paper shows that in all modern asset management system based on multi criteria decision making processes, which contain single or multi objective optimization methods. The PMS based on the available-technical and financial data and its optimization process provides a pavement renovation offer for each road in Budapest transportation network and finally the paper presents how can we ranking the invention list from our optimization process.


Author(s):  
Adithya Thaduri ◽  
Stephen Mayowa Famurewa

Several industries are looking for smart methods to increase their production throughput and operational efficiency at the lowest cost, reduced risk, and reduced spending of resources considering demands from stakeholders, governments, and competitors. To achieve this, industries are looking for possible solutions to the above problems by adopting emerging technologies. A foremost concept that is setting the pace and direction for many sectors and services is Industry 4.0. The focus is on augmenting machines and infrastructure with wireless connectivity, sensors, and intelligent systems to monitor, visualize, and communicate incidences between different entities for decision making. An aspect of physical asset management that has been enormously influenced by the new industrial set-up is the maintenance process. This chapter highlights the issues and challenges of Industry 4.0 from maintenance process viewpoint according to EN 60300-3-14. Further, a conceptual model on how maintenance process can be integrated into Industrial 4.0 architecture is proposed to enhance its value.


2019 ◽  
Vol 31 (2) ◽  
pp. 167-182 ◽  
Author(s):  
Arash Shahin ◽  
Ashraf Labib ◽  
Soroosh Emami ◽  
Mahdi Karbasian

Purpose Decision-Making Grid (DMG) is used for determining maintenance tactics and is associated with the reliability and risk management of assets. In this grid, decision making is performed based on two indicators of Mean Time to Repair (MTTR) and frequency of failures. The purpose of this paper is to improve DMG by recognizing interdependence among failures. Design/methodology/approach Fault Tree Analysis and Reliability Block Diagram have been applied for improving DMG. The proposed approach has been examined on eight equipment of the steel making and continuous casting plant of Mobarakeh Steel Company. Findings Findings indicate different positions of equipment in the cells of the new grid compared to the basic grid. Research limitations/implications DMG is limited to two criteria of frequency of failures and MTTR values. In both basic and new DMGs, cost analysis has not been performed. The application of the proposed approach will help the reliability/maintenance engineers/analysts/managers to allocate more suitable maintenance tactics to equipment. This, in turn, will enhance the equipment life cycle and availability as the main objectives of physical asset management. Originality/value A major limitation of basic DMG is that the determined tactic based on these two indicators might not be an appropriate solution in all conditions, particularly when failures are interdependent. This has been resolved in this paper.


Author(s):  
Adithya Thaduri ◽  
Stephen Mayowa Famurewa

Several industries are looking for smart methods to increase their production throughput and operational efficiency at the lowest cost, reduced risk, and reduced spending of resources considering demands from stakeholders, governments, and competitors. To achieve this, industries are looking for possible solutions to the above problems by adopting emerging technologies. A foremost concept that is setting the pace and direction for many sectors and services is Industry 4.0. The focus is on augmenting machines and infrastructure with wireless connectivity, sensors, and intelligent systems to monitor, visualize, and communicate incidences between different entities for decision making. An aspect of physical asset management that has been enormously influenced by the new industrial set-up is the maintenance process. This chapter highlights the issues and challenges of Industry 4.0 from maintenance process viewpoint according to EN 60300-3-14. Further, a conceptual model on how maintenance process can be integrated into Industrial 4.0 architecture is proposed to enhance its value.


CivilEng ◽  
2020 ◽  
Vol 1 (1) ◽  
pp. 26-48 ◽  
Author(s):  
Zhen Wu ◽  
Georges Abdul-Nour

Selecting a suitable sewer network plan for a city is a complex and challenging task that requires discussion among a group of experts and the consideration of multiple conflicting criteria with different measurement units. A number of multi-criteria decision-making (MCDM) methods have been proposed for analyzing sewer network selection problems, each having their own distinct advantages and limitations. Although many decision-making techniques are available, decision-makers are confronted with the difficult task of selecting the appropriate MCDM method, as each method can lead to different results when applied to an identical problem. This paper evaluates four different multi-criteria decision-making methods, which are the Analytic Hierarchy Process (AHP), the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS), Elimination Et Choix Traduisant la REalité (ELECTRE III) and the Preference Ranking Organization METHods for Enrichment Evaluations II (PROMETHEE II), for one sewer network group decision problem in the early stage of sewer water infrastructure asset management. Moreover, during the implementation of different MCDM methods, the Delphi technique is introduced to organize and structure the discussions among all the decision-makers. The results of the study are examined based on each method’s ability to provide accurate representations of the decision-makers’ preferences and their experience implementing each method. As a conclusion, decision-makers identify PROMETHEE II as their favorite method, AHP is more time and energy consuming and results in a number of inconsistencies, while TOPSIS loses information during vector normalization for multi-dimension criteria, and ELECTRE III’s results are inconclusive.


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