Decision Making for Predictive Maintenance in Asset Information Management

Asset Management Decision-making

Auto-steered Information-Decision Processes for Electric System Asset Management

The total replacement value of the US transmission lines alone (excluding land) is conservatively estimated at over $100 billion dollars [1] and triples when including transformers and circuit breakers. Investment in new transmission equipment has significantly declined over the past 15 years. Some of the equipment is well beyond intended life, yet is operated under increasing stress, as load g...

Effective Decision-making Tools for Roofing Maintenance Management

This paper presents a systematic decision-making approach for roofing maintenance management that combines a stochastic Markovian performance prediction model with a multi-objective optimization method to determine the optimal allocation of funds and prioritization of roofs for maintenance, repair and replacement. A product model of the roof system is used to provide the data framework for coll...

Using Accounting Information in Decision Making of Hospitals Managers

Decision making process requires information. Accounting is the most important source of information. In 1998, the international federation of accountants issued a statement about the scope and using of accounting. It identified 4 stages for using accounting information: cost determination, planning and financial control, reduction of resources waste and creation the value. This study was desig...

Maintenance management decision model for preventive maintenance strategy on production equipment

In industries, Preventive Maintenance (PM) is not a new practice to minimise the sudden breakdown of production machine. PM will be performed at predetermine intervals to provide a balance between failure cost and component utilisation (aging). However, most of PM interval is based on experience or original equipment manufacturer (OEM) recommendations. Consequently, the benefits from PM are not...