A Novel Framework of the Life Cycle Asset Management for Transmission and Transformation Equipment of Power System

2012 ◽  
Vol 241-244 ◽  
pp. 773-777
Author(s):  
Yue Wu ◽  
Jun Biao Wan ◽  
Ke Yi Wang ◽  
Rui Ma
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Life Cycle Cost ◽  
Evaluation System ◽  
Power Transmission ◽  
Cost Benefit ◽  
Life Cycle Management ◽  
Management Support ◽  
Index Evaluation ◽  
Assets Management

Nowadays, State Grid Corporation is promoting the construction of the “Large Five” system and new requirements for the management of are put forward. A brief analysis of the current power transmission and transformation equipment management and their existing problems is given in this paper. Based on the analysis, the Power transmission and transformation equipment life cycle management framework is proposed. The framework is composed of management support systems, including asset management standard system, key index evaluation system, assets benefit evaluation decision mechanism when put into operation, the life cycle assets management information system, and decision-making method with the cost benefit mechanism and key index evaluation mechanism. At the same time, with the use of risk assessment, assets life-cycle cost management, state evaluation, reliability evaluation, life evaluation, the transmission and transformation equipment assets management level is optimized.

An Index Evaluation System for the Life Cycle of Assets Management under the New Environment of Power Grid

2013 ◽  
Vol 333-335 ◽  
pp. 2235-2238
Author(s):  
Jian Deng
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Index System ◽  
Evaluation System ◽  
Power Grid ◽  
Evaluation Index System ◽  
Evaluation Index ◽  
Stable Operation ◽  
Whole Life Cycle ◽  
Assets Management

The evaluation index system of life-cycle asset management is the basis of scientific assessment of power grid assets management level, is the carrier of the grid quality operation. This article in view of the new requirements for the whole life-cycle of asset management under the new environment, Construct a four layer tree evaluation index system, to conduct a comprehensive evaluation on the level of assets management. Realizing the maximization of benefits, and make power grid in safe and stable operation at the same time.

scholarly journals Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach

2021 ◽  
Vol 15 (3) ◽  
pp. 323-329
Author(s):  
Hassan Adshirinpour ◽  
Mohammad Mehdi Movahhedi ◽  
Hedieh Divsalar ◽  
Shahla Sohrabi
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Management System ◽  
Oil And Gas ◽  
Life Cycle Management ◽  
Management Approach ◽  
Physical Asset ◽  
Asset Management System ◽  
The Cost ◽  
Assets Management

Proper assets management and maintenance, especially equipment in the value chain of an organization, the failure of which leads to interruptions in the system and waiting in the production line, are very vital and of special importance in "equipment-oriented" organizations, including industries such as oil, gas, petrochemicals, steel, minerals, companies involved in the production and distribution of water, electricity, etc. Usually such organizations have a constant need to create an efficient and effective life cycle in order to achieve an efficient physical asset management system. The present study aimed to investigate the physical assets management in equipment-oriented industries with the equipment life cycle management (resource-based) view in oil and gas industries with a case study in an upstream oil industry company (namely North Drilling Company). For this purpose, first 15 criteria have been obtained based on literature review and research literature for evaluating the performance of physical asset management in oil and gas companies. Then, eight of the most important performance evaluation criteria were determined based on experts’ opinions and the fuzzy Delphi method, and in the next step, these criteria were weighted using the fuzzy SWARA method. According to the results, the most important criterion is the cost of maintenance and the least important is the cost of service-support. Finally, solutions are presented in the form of practical suggestions to improve the physical asset management system in this company.

Integrated Training Solutions: An Effective Tool to Synchronize People and Maintenance (U.S. Navy LCAC Case Study)

2012 ◽  
Author(s):  
Maurice Hartey ◽  
Thomas Bodman ◽  
Arlene Korn
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Training Programs ◽  
Operating Time ◽  
Life Cycle Management ◽  
Cost Driver ◽  
Maintenance Costs ◽  
Knowledge And Skills ◽  
Long Run

Maintenance, especially in a Marine environment, is continuous and costly. Life Cycle Management of a Marine Gas Turbine system encompasses many costs, of which repair parts, labor and equipment downtime associated with failures and maintenance are a significant portion. In fact, people (labor) make up the largest component of overall maintenance costs. Investing in people the largest cost driver to life cycle cost has a direct return in the long run, in terms of maintenance effectiveness and efficiencies. Applying and reinforcing knowledge and skills in a maintenance environment translates to improved reliability outcomes, longer operating time, fewer parts needs, and ultimately costs savings. However, given today’s constrained fiscal environment, the value of spending money for training rather than buying more parts or applying more maintenance, may not appear obvious. Such thinking is short sighted, and ultimately leads to reduced reliability and increased maintenance in the long run. This paper will explore these areas, and recommend how training programs can be effective predictive, proactive and responsive.

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.

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.

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