This is the third edition of Asset Management Excellence: Optimizing Equipment Life-Cycle Decisions. This edition acknowledges and introduces the many changes to the Asset Management business while continuing to explain the supporting fundamentals. Since the second edition, there have been many influences of change in asset management, society’s expectations, and supporting technologies. In this edition, the contributors have revisited the content and have updated and added insights and information based on the emerging influences in thinking and the continued evolution of applied technologies since the prior editions. New in the Third Edition: Updates across each of the second edition chapters to align with today’s insights Updates on technologies now available to support Asset Management, including related software packaging, the Internet of Things (IoT), Machine Learning, and Artificial Intelligence Insights on how Information Technology can step up to help an asset-intensive organization compete, drive to operational excellence and automation A chapter on sustainability and the influence Asset Management may have on this higher-focus priority A chapter on change enablement as the process and technology changes impact the various stakeholders of asset-intensive organizations The fundamentals of Asset Management are essential as Asset-intensive organizations look to technologies to help them compete. AI is becoming pervasive but must be confirmed and aligned with the fundamentals. This edition will provoke thought as each organization determines its next steps toward its new challenges in Asset Management.

This book gathers selected peer-reviewed papers from the 15th World Congress on Engineering Asset Management (WCEAM), which was hosted by The Federal University of Mato Grosso do Sul Campo Grande, Brazil, from 15–-18 August 2021 This book covers a wide range of topics in engineering asset management, including: strategy and standards; sustainability and resiliency; servitisation and Industry 4.0 business models; asset information systems; and asset management decision-making. The breadth and depth of these state-of-the-art, comprehensive proceedings make them an excellent resource for asset management practitioners, researchers, and academics, as well as undergraduate and postgraduate students.

This book guides readers through the broad field of generic and industry-specific management system standards, as well as through the arsenal of tools that are needed to effectively implement them. It covers a wide spectrum, from the classic standard ISO 9001 for quality management to standards for environmental safety, information security, energy efficiency, business continuity, laboratory management, etc. A dedicated chapter addresses international management standards for compliance, anti-bribery and social responsibility management. In turn, a major portion of the book focuses on relevant tools that students and practitioners need to be familiar with: 8D reports, acceptance sampling, failure tree analysis, FMEA, control charts, correlation analysis, designing experiments, estimating parameters and confidence intervals, event tree analysis, HAZOP, Ishikawa diagrams, Monte Carlo simulation, regression analysis, reliability theory, data sampling and surveys, testing hypotheses, and much more. An overview of the necessary mathematical concepts is also provided to help readers understand the technicalities of the tools discussed. A down-to-earth yet thorough approach is employed throughout the book to help practitioners and management students alike easily grasp the various topics.

This book presents a systematic approach to the management of physical assets from concept to disposal, building upon the previous editions and brought up-to-date with the new international standards ISO55002 and ISO/TS50010. It introduces the general principles of physical asset management and covers all stages of the asset management process, including initial business appraisal, identification of physical asset needs, capability gap analysis, financial evaluation, logistic support analysis, life cycle costing, strategic asset management planning, maintenance strategy, outsourcing, cost-benefit analysis, disposal and renewal. Features include: providing a textbook for asset management courses to university level; relating closely to the ISO55000 international asset management standard series; providing a basis for the establishment of physical asset management as a professional discipline; and presenting case studies, analytical techniques and numerical examples with solutions. Written for practitioners and students in asset management, this book provides an essential foundation to the topic. It is suitable for an advanced undergraduate or postgraduate course in asset management and also offers an ideal reference text for engineers and managers specializing in asset management, reliability, maintenance, logistics or systems engineering.

Reliability Engineering – A Life Cycle Approach is based on the author’s knowledge of systems and their problems from multiple industries, from sophisticated, first class installations to less sophisticated plants often operating under severe budget constraints and yet having to deliver first class availability. Taking a practical approach and drawing from the author’s global academic and work experience, the text covers the basics of reliability engineering, from design through to operation and maintenance. Examples and problems are used to embed the theory, and case studies are integrated to convey real engineering experience and to increase the student’s analytical skills. Additional subjects such as failure analysis, the management of the reliability function, systems engineering skills, project management requirements and basic financial management requirements are covered. Linear programming and financial analysis are presented in the context of justifying maintenance budgets and retrofits. The book presents a stand-alone picture of the reliability engineer’s work over all stages of the system life-cycle, and enables readers to: Understand the life-cycle approach to engineering reliability Explore failure analysis techniques and their importance in reliability engineering Learn the skills of linear programming, financial analysis, and budgeting for maintenance Analyze the application of key concepts through realistic Case Studies This text will equip engineering students, engineers and technical managers with the knowledge and skills they need, and the numerous examples and case studies include provide insight to their real-world application. An Instructor’s Manual and Figure Slides are available for instructors.

Lock Gates and Other Closures in Hydraulic Projects shares the authors practical experience in design, engineering, management and other relevant aspects with regard to hydraulic gate projects. This valuable reference on the design, construction, operation and maintenance of navigation lock gates, movable closures of weirs, flood barriers, and gates for harbor and shipyard docks provides systematic coverage on all structural types of hydraulic gates, the selection of gate types, and their advantages and disadvantages. The discussion includes the latest views in new domains, such as environmental impact of hydraulic gate projects, sustainability assessments, relation with the issues of global climate change, handling accidents and calamities, and the bases of asset management. Heavily illustrated, this reference provides a generous amount of case studies based on the author's own and their colleagues' experiences from recent projects in Europe, America and other continents. - Presents extensive coverage of the operational profiles of hydraulic closures, including gates in navigation locks, movable closures on river weirs, closures of flood barriers, spillway closures and valves, and more - Outlines the different structural types of hydraulic gates, including miter gates, vertical lift gates, flap and hinged crest gates, radial gates, rolling and barge gates, sector gates and many other - Clearly outlines the selection process for gates for navigation locks, river weirs, flood barriers, hydroelectric plants, shipyard docks and other hydraulic structures - Provides comprehensive discussion of design loads and other actions to which hydraulic gates may be subjected during their service life, followed by an overview of analysis methods and tools - Addresses the newest challenges and concerns in hydraulic gate projects, such as environmental impact of hydraulic gate projects, risk-based design, sustainability issues, handling accidents and calamities, and gate maintenance in view of asset management - Presents the experiences from many recent projects in Europe and America, including the rolling gates in large European sea locks, gates in the Panama Canal new locks, flood barriers in New Orleans and the Netherlands