Asset Life Cycle Plans

2017 ◽  
pp. 259-287 ◽  
Author(s):  
R. J. (Richard) Ruitenburg ◽  
A. J. J. (Jan) Braaksma ◽  
L. A. M. (Leo) van Dongen
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Life Cycle Management ◽  
Business Value ◽  
Life Cycle Approach ◽  
Strategic Decisions ◽  
Management Standards ◽  
Complete Life Cycle ◽  
Physical Assets ◽  
Multidisciplinary Perspective

Effective management of physical assets should deliver maximum business value. Therefore, Asset Management standards such as PAS 55 and ISO 55000 ask for a life cycle approach. However, most existing methods focus only on the short term of the asset's life or the estimation of its remaining life. These methods do not consider alignment to changing corporate objectives in a variable context, nor do they adopt a multidisciplinary perspective. This chapter argues that, to create maximum value, Asset Management should be a multidisciplinary and strategic practice that considers the complete life cycle of the asset: Asset Life Cycle Management. A practical twelve-step approach is presented to develop an Asset Life Cycle Plan (ALCP) in which expert sessions are used to identify the main lifetime impacts that influence the creation of business value from the use of the asset. The steps are illustrated with an example from practice. The chapter concludes that the ALCP supports asset managers in making long-term strategic decisions in a timely and effective manner.

Reengineering Maintenance for Dependability

1998 ◽  
Author(s):  
Daniel J. Risdon ◽  
Thomas Van Hardeveld
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Life Cycle Management ◽  
Life Cycle Approach ◽  
Reliability Centered Maintenance ◽  
Maintenance Program ◽  
Complete Life Cycle ◽  
Design Changes ◽  
Operations And Maintenance ◽  
Solid Foundation

Maintenance is undergoing a major revolution. The management of maintenance is being impacted by business-driven changes that are forcing fundamental improvements to the maintenance function. Maintenance planning and execution are now considered as a strategic component of asset life cycle management. The link between maintenance and design is being furthered by placing emphasis on considering reliability and maintainability during the design phase. The application of Reliability-Centered Maintenance is becoming an important method for determining the optimum maintenance program for facility assets, while at the same time providing a solid foundation for triggering selective system improvements and design changes and managing life cycle cost and risk associated with assets. The concept of dependability provides the focus for integrating design, operations and maintenance into a coherent and complete life cycle approach to facilities. Dependability is strongly linked to quality standards since, for many companies, dependability is the major component of quality that has to be satisfied to meet customer needs. This paper describes the practical application of a quality approach to a gas transmission company which has recently undergone a reengineering of its design, operations and maintenance processes.

scholarly journals Environmental Sustainability of Building Retrofit through Vertical Greening Systems: A Life-Cycle Approach

2021 ◽  
Vol 13 (9) ◽  
pp. 4886
Author(s):  
Katia Perini ◽  
Fabio Magrassi ◽  
Andrea Giachetta ◽  
Luca Moreschi ◽  
Michela Gallo ◽  
...  
Keyword(s):  
Life Cycle ◽  
Energy Consumption ◽  
Environmental Sustainability ◽  
Urban Areas ◽  
Baseline Scenario ◽  
Life Cycle Approach ◽  
Complete Life Cycle ◽  
Wide Range ◽  
Use Phase ◽  
Vertical Greening

Urban greening provides a wide range of ecosystem services to address the main challenges of urban areas, e.g., carbon sequestration, evapotranspiration and shade, thermal insulation, and pollution control. This study evaluates the environmental sustainability of a vertical greening system (VGS) built in 2014 in Italy, for which extensive monitoring activities were implemented. The life-cycle assessment methodology was applied to quantify the water–energy–climate nexus of the VGS for 1 m2 of the building’s wall surface. Six different scenarios were modelled according to three different end-of-life scenarios and two different useful lifetime scenarios (10 and 25 years). The environmental impact of global-warming potential and generated energy consumption during the use phase in the VGS scenarios were reduced by 56% in relation to the baseline scenario (wall without VGS), and showed improved environmental performance throughout the complete life cycle. However, the water-scarcity index (WSI) of the VGS scenarios increased by 42%. This study confirms that the installation of VGSs offers a relevant environmental benefit in terms of greenhouse-gas emissions and energy consumption; however, increased water consumption in the use phase may limit the large-scale application of VGSs.

scholarly journals Symbiosis of life-cycle structural design and asset management based on Building Information Modeling: Application for industrial facility equipment

2020 ◽  
Vol 12 (1) ◽  
pp. 2170-2180
Author(s):  
Lisa Lenz ◽  
Kai Christian Weist ◽  
Marvin Hoepfner ◽  
Panagiotis Spyridis ◽  
Mike Gralla
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Large Scale ◽  
Fatigue Loading ◽  
Life Cycle Management ◽  
Information Modeling ◽  
Cycle Performance ◽  
Industrial Facilities ◽  
Building Information ◽  
Time Dependencies

AbstractIn the last few years, particular focus has been devoted to the life cycle performance of fastening systems, which is reflected in increasing numbers of publications, standards and large-scale research efforts. Simultaneously, experience shows that in many cases, where fastening systems are implemented – such as industrial facilities – the design of fasteners is governed by fatigue loading under dynamic characteristics. In order to perform an adequate design and to specify the most efficient and appropriate fastening product, the engineer needs to access and process a broad range of technical and commercial information. Building information modelling (BIM), as a data management method in the construction industry, can supply such information and accommodate a comprehensive design and specification process. Furthermore, the application of BIM-based processes, such as the generation of a BIM-model, allows to use the important information for the construction as well as the life cycle management with different actions and time dependencies of the asset and its components. As a consequence, the BIM model offers the potential to correlate different data relevant for achieving the goals of the respective application, in order to ensure a more effective and correct design of the fastening. This paper demonstrates such a BIM-based design framework for an Industry 4.0 case, and in particular, the installation of a factory robot through post-installed anchors under fatigue-relevant loading in concrete.

Prospect for Implementation of Road Infrastructure Asset Management

2017 ◽  
Vol 21 ◽  
pp. 366-371
Author(s):  
Hiroshi Yokota ◽  
Kohei Nagai ◽  
Koji Matsumoto ◽  
Yi Yi Mon
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Life Cycle Management ◽  
Structural Performance ◽  
Infrastructure Management ◽  
Structural Members ◽  
Engineering Work ◽  
Subsequent Loss ◽  
Long Life ◽  
Support Engineering

Infrastructure has to be adequately planned, designed, executed and maintained to keep its structural performance over respective requirements throughout its life-cycle. However, infrastructure suffering from serious deterioration in structural members and subsequent loss in performance have been often found due to various reasons. To meet these facts, it is extremely important to pursue coordination of engineering work in the stages of design, execution and maintenance. The infrastructure management including the concepts of the life-cycle management and the asset management is an organized system to support engineering-based decision making for ensuring sufficient structural performance and long life of a structure at the design, execution, maintenance, and all related work during its life-cycle. This paper deals with infrastructure management system and an example of its application for a road bridge from seriously deteriorated.

The life cycle approach as an innovative methodology for the recovery and restoration of cultural heritage

2014 ◽  
Vol 4 (2) ◽  
pp. 133-148 ◽  
Author(s):  
Davide Settembre Blundo ◽  
Anna Maria Ferrari ◽  
Martina Pini ◽  
Maria Pia Riccardi ◽  
José Francisco García ◽  
...  
Keyword(s):  
Life Cycle ◽  
Cultural Heritage ◽  
Social Impact ◽  
Interdisciplinary Approach ◽  
Life Cycle Management ◽  
Management Plan ◽  
Life Cycle Approach ◽  
Content Type ◽  
Innovative Methodology ◽  
The Impact

Purpose – In this paper, of exploratory character, the purpose of this paper is to propose the analysis of the life cycle for assessing the environmental, economic, and social impact in the activity of recovery, restoration, and valorization of Cultural Heritage. Design/methodology/approach – The analysis protocol is applied to the case of recovery and restoration processes and then outlining the salient features of what may become a model of Cultural Heritage Life Cycle Management (CH-LCM). Findings – The authors propose the approach of the life cycle, normally used to assess the impact of materials, processes or products, to the management of cultural heritage as an innovative methodology with great potential. Originality/value – The methodology for this sector is highly innovative, especially in its interdisciplinary approach, through the use of different technical, historical, and economic skills which can provide the tools for the preparation of a management plan according to the logic of the life cycle.

Design and Development of the Enterprise Asset Management System Based on EAM

2013 ◽  
Vol 416-417 ◽  
pp. 2066-2071
Author(s):  
Guo Xiang He
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Preventive Maintenance ◽  
Business Processes ◽  
Life Cycle Management ◽  
Maintenance And Repair ◽  
The Core ◽  
Whole Process ◽  
Repair Costs ◽  
Asset Management System

The paper describe the EAM function by proposing the main modules and major business processes, abstracting the main business processes.it implements preventive maintenance of assets, assets track, the whole process of life-cycle management based on the equipment,asset account and treat management maintenance as the core, the submission, approval,implementation of work order as main line. EAM can effectively improve the efficiency of equipment maintenance, reduce maintenance and repair costs, improve asset reliability and value.

THE IMPORTANCE OF ISO 55000 IN SMALL AND MEDIUM SIZED ENTERPRISES

2017 ◽  
Vol 4 (1) ◽  
Author(s):  
Desiree Paris ◽  
Manuel Severino
Keyword(s):  
Life Cycle ◽  
Continuous Improvement ◽  
Significant Influence ◽  
Asset Management ◽  
Management Model ◽  
Life Cycle Costs ◽  
Small Companies ◽  
Small Company ◽  
Strategic Decisions ◽  
Competitive Situation

All sectors are facing an increasing competitive situation, therefore economic analyzes are increasing in importance in asset management. The market dynamics tends to a continuous improvement. The objectives of profitability and life cycle costs have a significant influence on the strategy of assets and strategic decisions in the organization, so it is important to analyze capex and opex to be able to define the strategies to take. What happens when we are in a medium or small company? Generally, the answer to this is that asset management only takes place on large companies. In this research, the application of an international standard model, such as ISO 55000 in asset management, for medium and small companies, becomes relevant. This standard covers a whole concept of control, monitoring and improvement, which explains what should be done. The application of a management model based on the standard allows meeting specific requirements and characteristics. Our conclusion is that any entity, regardless of its size should establish a strategy in its asset management and ISO 55000 could help them in developing that strategy.

Vergrijzing, levensfasebeleid en de cao

2007 ◽  
Vol 23 (3) ◽  
Author(s):  
Arjen A. Verhoeff
Keyword(s):  
Life Cycle ◽  
Life Course ◽  
Transaction Costs ◽  
Degrees Of Freedom ◽  
Institutional Economics ◽  
Necessary Conditions ◽  
Life Cycle Management ◽  
Life Cycles ◽  
Life Cycle Approach ◽  
Social Partners

Ageing, life cycle management and collective labour agreements Ageing, life cycle management and collective labour agreements Solutions for issues with respect to ageing are often searched for in Collective Labour Agreements (CLA). This article investigates the necessary conditions for concluding arrangements for ageing in a CLA. First the influence of government on the degrees of freedom of social partners is explored from the viewpoint of institutional economics. Next, the theoretical conditions are mapped that negotiating parties in companies can develop themselves, from the perspective of transaction costs, agency or stewardship. The various approaches are illustrated with some facts about Dutch CLAs. It appears that the management of individual life cycles is more appropriate as a concept than the issue of ageing. In a survey of 564 Dutch CLAs the aspects of a life cycle approach are listed. In the discussion the limitations of the present analysis are reviewed, the conditions are summarized, possibilities for further research are indicated. The conclusion is that under certain conditions the CLA can contribute to the management of one’s life course.

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