14th WCEAM Proceedings 3030642275, 9783030642273

Table of contents :
Preface
Contents
Business Management Issues
Servitization and the Management of Engineered Assets
1 Introduction
2 Servitization and Product-Service Transformation
3 Empirical Information and Data
4 Concluding Remarks
References
Considerations on Investment and Business Models
1 Introduction
2 Study Context and Methodology
3 Business Models for Acquiring New Technologies
4 Business Models and Risk Sharing
5 Modelling Cash Flows Generated by Different Business Models
5.1 Input-Based and Outcome-Based Business Models
5.2 Solution for Risk Sharing
5.3 Risk Management Framework
6 Conclusions and Discussion
References
Establishing the Value System Through Long Term Planning
1 Introduction
2 Understanding the Complexity of Asset Replacement
2.1 Understanding the Drives for Asset Replacement
2.2 Representing the Diversity of the Asset Base
2.3 Uncertainty in the Technical End of Life
2.4 Subjectivity in the Functional End of Life
2.5 Instability of Outcome Constraining Strategies
3 Strategic Options in Asset Replacement
4 Application
4.1 Description of the Asset Base
4.2 Resolution Model
4.3 Output
4.4 Results
4.5 Findings
5 Conclusion and Discussion
References
Asset Management in Electrical Utilities in the Context of Business and Operational Complexity
1 Introduction
2 Global Asset Management Model at HQT
2.1 Asset Behaviour Models and Reliability Database
2.2 Grid Reliability Simulator Coupled with Power Flow Software
2.3 Risk Model
2.4 Planning and Optimization Model
2.5 Basic Principles Related to PRIAD’s IT Architecture
3 Conclusions
References
Combining Quality of Service and Quality of Experience to Visualize and Analyze City Services
1 Introduction
2 Previous Work Done
3 Proposed Framework
4 Case Studies
4.1 Bicycle Sharing Systems
4.2 Railroad Systems
5 Conclusions and Discussions
References
Encouraging Fuel-Efficient Commuting in Young Drivers in Duluth, MN
1 Introduction
1.1 Young Drivers - Crash Statistics and Income
1.2 Commuting in Duluth
2 Methodology
3 Results and Discussion
4 Conclusion
References
Is EAM a Corporate Level Strategy?
1 Introduction
2 Literature: Strategic (BoM) Involvement in EAM/AM
2.1 The Standards
2.2 AM Capability Maturity Models
3 Practice: Strategic (BoM) Involvement in EAM/AM
3.1 Strategic Level AM Governance Requirements
3.2 Strategic Level AM Governance Practice
4 Discussion
4.1 Current Conceptualization of EAM as a Corporate Level Strategy
4.2 EAM as a Corporate Level Strategy in Practice
4.3 Barriers to EAM Being a Key Corporate Level Strategy
5 Conclusion
References
Risk Management Issues
Planning Major Overhaul and Equipment Renovation Based on Asset Criticality and Health Index
1 Introduction
2 Risk Indicator and Asset Health Index
3 Life Cycle Cost Approximation Based on Criticality Analysis and Asset Health Index Risk Indicator and Asset Health Index
4 Results Discussion and Case Study Application
5 Results Discussion and Case Study Application
References
Graph Theory and Its Role in Vulnerability Evaluation of Infrastructure Networks
1 Introduction
2 Vulnerability Analysis of INs
2.1 Reliability
2.2 Resilience
2.3 Robustness
2.4 Redundancy
2.5 Quantifying the Vulnerability-Averse Attributes of INs
3 A Synopsis of Graph Theory
4 Graph Theory Methods
4.1 Path-Based Measures
4.2 Spectral Measures
4.3 Distance-Based Measures
4.4 Density-Based Measures
4.5 Clustering Methods
4.6 Integrating Graph Theory Methods and Various Scientific Approaches
5 Practical Implications of Graph-Theoretic Methods
6 A Critique of the Conventional Graph-Theoretic Methods
7 Concluding Remarks and the Future of Graph-Theoretic Methods
References
Risk-Based Asset Replacement Policy for an Electrical Infrastructure
1 Introduction
1.1 Background
1.2 Risk-Based Asset Management
2 Asset Replacement Policy Document
2.1 Asset Management Document Structure
2.2 Building an Asset Replacement Policy Document
3 Risk-Based Decision-Making Process for Asset Replacement
3.1 Development of a Risk-Based Replacement Decision Process
3.2 Setting Up Triggers for Risk Analysis and Assessment Process
3.3 Designing a Detailed Risk-Based Decision-Making Process
3.4 KPI Setting and Risk Matrix: Capturing Risks in Terms of Probability and Consequence
3.5 Selecting the Optimum Solution
3.6 Prioritization and Investment Planning Optimization
3.7 Improvement of Asset Management Performance
4 Conclusion
References
A Common Risk Framework for Road and Rail Infrastructures
1 Introduction
2 Method
2.1 Maturity Model for the Risk Management Process
2.2 Components of the Risk Management Process
3 Empirical Case
4 Results and Discussion
4.1 Continuous Improvement of Infrastructure Risk Management
4.2 Core Outputs of the Risk Management Process
4.3 Non-core Outputs of the Risk Management Process
5 Final Remarks
References
Development of a Resilience Management Framework Adapted to Complex Asset Systems: Hydro-Québec Research Chair on Asset Management
1 Background and Key Issues
2 Detailed Research Project Proposal
2.1 Project Objectives
2.2 Themes of the Asset Management Chair
3 Case Study
3.1 Background
3.2 Moving from Risk Management to Resilience Management Within Complex Systems
3.3 Methodology
3.4 Hydro-Québec Based Case Study
4 Conclusion and Expected Impact
References
Resilience Enhancement of Critical Infrastructure – Graph-Theoretical Resilience Analysis of the Water Distribution System in the German City of Darmstadt
1 Introduction
2 Related Works
3 Graph-Theoretical Approach
4 Physical Feasibility
5 Case Study
6 Technical Implementation and Preliminary Considerations
7 Results and Conclusion
References
Asset Data and Information
Aligning IIoT and ISA-95 to Improve Asset Management in Process Industries
1 Introduction
2 Edge-Fog-Cloud for the OT World
3 IIoT Dependency on Fog Capability
4 Alignment of IIoT Layers to ISA-95/IEC62264
5 Identifying Organizational Maturity in Industry 4.0
6 Conclusion
References
Real Value of Data in Managing Manufacturing Assets
1 Introduction
1.1 Value of Data in Manufacturing and Asset Management
2 Methodology
3 Results - Dimensions of Data Value in Manufacturing Asset Management
3.1 Business Models
3.2 Data Characteristics
3.3 Data Value Chain
3.4 Decision-Making
3.5 Management
3.6 Organisational Perspective
3.7 Enabling Technical Solutions
3.8 Sustainability and Business Ethics
4 Discussion and Conclusions
References
Internet of Things Adoption Challenges in Enterprise Asset Management Organisations
1 Introduction
2 IoT Adoption
2.1 Manufacturing
2.2 Aerospace and Aviation Industry
2.3 Supply Chain Integration
2.4 Healthcare Industry
2.5 Automotive Industry
2.6 Energy Provider
2.7 Smart Cities
3 IoT Characteristics - TOP
3.1 Technological Aspects
3.2 Organisational Aspects
3.3 People Aspects
4 Challenges of IoT Adoption
4.1 Standardisation
4.2 Security and Privacy
4.3 Data Quality
4.4 Organisation Culture
4.5 Business Continuity and Resilience
5 Conclusion and Recommendation
References
Asset Management Systems
Integration of Asset Management Standard ISO55000 with a Maintenance Management Model
1 Introduction
2 General Aspects and Evolution of Asset Management
3 General Description of the Asset Management Standard ISO 55000
4 Requirements of the Asset Management Model Asset on the Standard ISO 55000
5 Integration of the Maintenance Management Model (MMM) with the Asset Management Standard ISO 55000
6 Summary of Practical Cases of Integration of the Maintenance Management Model (MMM) Aligned to an Asset Management Process
7 Conclusions
References
Automating Data Driven Decisions for Asset Management – A How to Framework for Integrating OT/IT Operational and Information Technology, Procedures and Staff
1 Introduction
2 Framework Development Motivation
3 Framework Verification and Validation
4 Key Research Findings
5 Research Findings Application
6 Conclusion
References
Framework for Assessing Economic, Environmental and Social Value of Monitoring Systems; Case Water Balance Management in Mining Sector
1 Introduction
2 Aim, Research Question and Methodology
3 Water-Related Risks in Mining Areas
4 Value of the Water Balance Management System
5 Assessing and Demonstrating Value
6 Conclusions
References
Social Complexity and Systems Intelligence in Asset Management Systems
1 Introduction
1.1 The Need for Systems Intelligence
2 Understanding the Asset Management Socio-technical System
2.1 The Asset Management Socio-technical System
2.2 The Dynamics of Motivation, Behaviour and Action
3 Systems and Systems Intelligence
3.1 Asset Management System as a System of Systems
3.2 Systems Intelligence
4 Expanding Asset Management Framework with Systems Intelligence
4.1 Framework
4.2 Process of Knowledge Management
4.3 Process of Motivation Management
4.4 Process of Behaviour Management
5 Conclusions
References
System Safety Engineering Approach for Autonomous Mobile Machinery
1 Introduction
2 Assessment of Machine Autonomy Related Safety Risks
2.1 Update of System Safety Approach for Autonomy Issues
2.2 Conceptual Design - Identification of Risks Related to Autonomy
2.3 System Design - Identification of Operational Risks and Unsafe Control Actions
2.4 Detailed Design - Safety Related Functions and Interfaces
3 Management of Safety Goals and Requirements – Safety Case
4 Support from Safety Standards
4.1 ISO 17757 - System Approach for Risk Assessment
4.2 UL4600 - Safety Case Approach
5 Discussion
6 Conclusions
References
Covid-19 Perspectives
Engineering Asset Management at Times of Major, Large-Scale Instabilities and Disruptions
1 Introduction
2 Methodology
3 Case Studies
3.1 Disruptions Due to an Exceptional Ice Storm 1998
3.2 Management of COVID-19 Impacts at Hydro-Quebec
3.3 Discussion Regarding Integration of the Resilience-Based AM Approach
4 Conclusions
References
The End of Megaproject Certainty: Post COVID-19 National Infrastructure Management
1 Introduction
2 Background to This Study
2.1 Asset Management and the Delivery of Services via Infrastructure Assets
2.2 Real Options Theory (ROT) and Its Application to Infrastructure Assets
2.3 European and American Options
2.4 Options to Defer, Stage, Scale, Grow, Abandon, Shut Down and Restart
3 Design of This Study
3.1 Framing and Estimating the Cost of Megaproject Options
3.2 Estimating the Value of Real Options
3.3 Analysis
4 Results
5 Discussion
6 Recommendations
7 Conclusion
References
Strategies for COVID-19 Pandemic Recovery: Application of Engineering Asset Management Principles
1 Introduction
1.1 The Proper Pandemic Management Indenture Level
1.2 Modelling Health System Capacity
1.3 A Control System to Follow the Pandemic Behavior
2 Research Development
2.1 Selecting a Model to Calculate New Indenture Level Confinement Periods
2.2 Approaches and Variables for the Health System (HS) Modelling
2.3 Checking Tool: A Monitoring and Control System Proposal, Based on R
3 Results
3.1 Economic Impact of Confinement When Changing the Management Level
3.2 HS Capacity Modelling and Implications on R
3.3 Planning Tool: A Plan for De-escalation of Confinement Based on R
4 Conclusions
References
Editors Bio Briefs
Author Index

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