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Servitization and Physical Asset Management, third edition, was developed to provide a structured source of guidance and reference information on the business opportunities linked to servitization and the management of physical assets. A growing trend in the global economy, servitization focuses on the actual deliverables of an asset from the perspective of the customer: electricity instead of the power plant, thrust instead of the engine, mobility instead of a plane or a car. The book offers high-level overviews of how to servitized and manage assets from a variety of perspectives, reviewing nearly 1,500 books, magazine articles, papers and presentations and websites. Written by Michael J. Provost, Ph.D., and a subject matter expert in modeling, simulation, analysis and condition monitoring, Servitization and Physical Asset Management, third edition, is an invaluable reference to those considering providing asset management services for the products they design and manufacture. It is also meant to support middle management wishing to know what needs to be done to look after the assets they are responsible for and who to approach for help, and academics doing research in this field. Michael Provost, is a British engineer with a doctoral degree in thermal power from Cranfield University.
Servitization and Physical Asset Management, third edition, was developed to provide a structured source of guidance and reference information on the business opportunities linked to servitization and the management of physical assets. A growing trend in the global economy, servitization focuses on the actual deliverables of an asset from the perspective of the customer: electricity instead of the power plant, thrust instead of the engine, mobility instead of a plane or a car. The book offers high-level overviews of how to servitized and manage assets from a variety of perspectives, reviewing nearly 1,500 books, magazine articles, papers and presentations and websites. Written by Michael J. Provost, Ph.D., and a subject matter expert in modeling, simulation, analysis and condition monitoring, Servitization and Physical Asset Management, third edition, is an invaluable reference to those considering providing asset management services for the products they design and manufacture. It is also meant to support middle management wishing to know what needs to be done to look after the assets they are responsible for and who to approach for help, and academics doing research in this field. Michael Provost, is a British engineer with a doctoral degree in thermal power from Cranfield University.
Physical asset management is the management of fixed or non-current assets such as equipment and plant. Physical Asset Management presents a systematic approach to the management of these assets from concept to disposal. The general principles of physical asset management are discussed in a manner which makes them accessible to a wide audience, and covers all stages of the asset management process, including: initial business appraisal; identification of fixed asset needs; financial evaluation; logistic support analysis; life cycle costing; maintenance strategy; outsourcing; cost-benefit analysis; disposal; and renewal. Physical Asset Management addresses the needs of existing and potential asset managers, and provides an introduction to asset management for professionals in related disciplines, such as finance. The book provides both an introduction and a convenient reference work, covering all the main areas of physical asset management.
This book gathers selected peer-reviewed papers from the 14th World Congress on Engineering Asset Management (WCEAM), which was held in Singapore on 28–31 July 2019, as well as papers presented during the 1st WCEAMOnline event which focused on the ramifications of Covid-19 on infrastructure systems. This book covers a wide range of topics in engineering asset management, including: asset management services provisioning; servitization; decision-making; asset management systems; industrial Internet of things; and vulnerability and resilience of infrastructure systems. 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 two-volume set, IFIP AICT 663 and 664, constitutes the thoroughly refereed proceedings of the International IFIP WG 5.7 Conference on Advances in Production Management Systems, APMS 2022, held in Gyeongju, South Korea in September 2022. The 139 full papers presented in these volumes were carefully reviewed and selected from a total of 153 submissions. The papers of APMS 2022 are organized into two parts. The topics of special interest in the first part included: AI & Data-driven Production Management; Smart Manufacturing & Industry 4.0; Simulation & Model-driven Production Management; Service Systems Design, Engineering & Management; Industrial Digital Transformation; Sustainable Production Management; and Digital Supply Networks. The second part included the following subjects: Development of Circular Business Solutions and Product-Service Systems through Digital Twins; “Farm-to-Fork” Production Management in Food Supply Chains; Urban Mobility and City Logistics; Digital Transformation Approaches in Production Management; Smart Supply Chain and Production in Society 5.0 Era; Service and Operations Management in the Context of Digitally-enabled Product-Service Systems; Sustainable and Digital Servitization; Manufacturing Models and Practices for Eco-Efficient, Circular and Regenerative Industrial Systems; Cognitive and Autonomous AI in Manufacturing and Supply Chains; Operators 4.0 and Human-Technology Integration in Smart Manufacturing and Logistics Environments; Cyber-Physical Systems for Smart Assembly and Logistics in Automotive Industry; and Trends, Challenges and Applications of Digital Lean Paradigm.
Aerospace Predictive Maintenance: Fundamental Concepts, written by longtime practitioner Charles E. Dibsdale based in the UK, considers PdM a subset of Condition Based Maintenance (CBM), and must obey the same underlying rules and pre-requisites that apply to it. Yet, PdM is new because it takes advantage of emerging digital technology in sensing, acquiring data, communicating the data, and processing it. This capability can autonomously analyse the data and send alerts and advice to decision makers, potentially reducing through-life cost and improving safety. Aerospace Predictive Maintenance: Fundamental Concepts provides a history of maintenance, and how performance, safety and the environment make direct demands on maintenance to deliver more for less in multiple industries. It also covers Integrated Vehicle Health Management (IVHM) that aims to provide a platformcentric framework for PdM in the mobility domain. The book discusses PdM maturity, offering a context of the transformation of data through information and knowledge. Understanding some of the precepts of knowledge management provides a really useful and powerful perspective on PdM as an information system. On the other hand, Aerospace Predictive Maintenance: Fundamental Concepts also discusses disadvantages of PdM and shows how these may be addressed. One of the fundamental changes PdM implies is a shift from deterministic black-and-white thinking to more nuanced decision making informed by probabilities and uncertainty. Other concerns such as data management, privacy and ownership are tackled as well. Aerospace Predictive Maintenance: Fundamental Concepts covers additional technologies, such as the Industrial Internet of Things (IIOT) that will result in proliferation of cheap, wireless, ultra-low-power sensors, and will transform PdM into a more economical option. The book brings in the future possibilities of nano technology, which can be used for new sensors, micro-robotics for inspections and self-healing/repairing of systems which can be intergrated with PdM.
Written by Kirsten Koepsel, a lawyer and engineer whose work has focused on aviation cybersecurity, Supply Chain Vulnerabilities Impacting Commercial Aviation addresses the big question facing aircraft manufacturers today: keep the work in house or outsource it? The ongoing battle between cost cutting and supply-chain control is ever more visible as aircraft OEMs have full order books and tight delivery schedules. Since the 1980s, commercial aviation, like many other industries, looked for ways of more economically sourcing parts and services. The new partnerships between OEMs and suppliers at multiple levels, did make the industry nimbler and more ?exible. Yet, it also introduced a higher level of instability, risks and vulnerabilities to the aviation ecosystem. Supply Chain Vulnerabilities Impacting Commercial Aviation discusses the differences in requirements depending on the buyer of the aircraft (governmental or not), ranging from delivery delays to risks linked to cybersecurity and the Internet of Things (IoT), including possible problems with faulty sensors and counterfeit parts. The book also analyses the consequences of not having visibility into lower-tier suppliers, and how prepared they are when it comes to possible disruptions such as earthquakes or political unrest.
Significantly extended from the first edition and published in response to the new international standard ISO55000, this book on physical asset management (2nd Ed.) presents a systematic approach to the management of physical assets from concept to disposal. It introduces the general principles of physical asset management and covers all stages of the asset management process, including initial business appraisal, identification of fixed asset needs, capability gap analysis, financial evaluation, logistic support analysis, life cycle costing, management of in-service assets, maintenance strategy, outsourcing, cost-benefit analysis, disposal and renewal. Physical asset management is the management of fixed assets such as equipment, plant, buildings and infrastructure. Features include: *Suitable for university courses and builds on first edition to provide further analytical material *Aligned with the international asset management standard ISO55000 *Provides a basis for the establishment of physical asset management as a professional discipline *Presents case studies, analytical techniques and numerical examples with solutions Written for practitioners and students in asset management, this textbook 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.