Asset health prediction is imperative to optimal asset management. Online and offline inspections can provide useful information for predicting asset health. The information from an asset health inspection can be divided into two types. (1) Direct indicators which directly determine failures...

Due to the limitation of current condition monitoring technologies, the estimates of asset health states may contain some uncertainties. A maintenance strategy ignoring this uncertainty of asset health state can cause additional costs or downtime. The partially observable Markov decision process...

Purpose ? To present a new Split System Model (SSM) that predicts the reliability of complex systems with multiple Preventive Maintenance (PM) actions in the long term. Design/methodology/approach - The SSM was developed using probability theory based on the concept of separating repaired and...

In an attempt to turn data management into a profitable enterprise, many businesses are seeking to integrate and centralise their data through data warehousing. A data warehouse then allows businesses to turn data into knowledge, and turn knowledge into tangible profits. One key success factor...

Organisations owning and managing infrastructure assets are constantly striving to obtain the greatest life time value. This has resulted in an increasing preference for the privatisation of infrastructure asset provision based on the assumption of greater competition-led performance. Despite...

Over the last decade, system integration has grown in popularity as it allows organisations to streamline business processes. Traditionally, system integration has been conducted through point-to-point solutions – as a new integration scenario requirement arises, a custom solution is built...

An asset registry arguably forms the core system that needs to be in place before other systems can operate or interoperate. Most systems have rudimentary asset registry functionality that store assets, relationships, or characteristics, and this leads to different asset management systems...

The modern engineering asset manager is required to develop, operate and maintain engineering assets economically and in a socially responsible and sustainable manner. Key issues confronting the asset manager of today include taking a strategic life cycle approach to asset management, meeting...

The economiser is a critical component for efficient operation of coal-fired power stations. It consists of a large system of water-filled tubes which extract heat from the exhaust gases. When it fails, usually due to erosion causing a leak, the entire power station must be shut down to effect...

Modern Engineering Asset Management (EAM) requires the accurate assessment of current and the prediction of future asset health condition. Appropriate mathematical models that are capable of estimating times to failures and the probability of failures in the future are essential in EAM. In most...