By Telli van der Lei (auth.), Telli Van der Lei, Paulien Herder, Ype Wijnia (eds.)
In the prior many years asset extensive businesses have witnessed a couple of regulatory adjustments and particularly is dealing with ever expanding competitiveness. to beat those demanding situations diversified asset administration equipment were constructed aimed to enhance the asset existence cycle. particularly the layout section and operation and upkeep section have noticeable an increase in instruments and strategies. Smarter layout may end up in more advantageous operation. Likewise, more advantageous operation and upkeep ends up in decrease substitute charges and should give you the foundation for larger layout.
This publication brings jointly and coherently offers the present cutting-edge in asset administration learn and perform in Europe from a lifestyles cycle standpoint. each one bankruptcy specializes in particular components of this existence cycle and explains how the tools and methods defined are attached and the way they increase the asset existence cycle, therefore treating this crucial topic from a different perspective.
Read or Download Asset Management: The State of the Art in Europe from a Life Cycle Perspective PDF
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Additional info for Asset Management: The State of the Art in Europe from a Life Cycle Perspective
In order to address dealing with uncertainty in infrastructure systems we take stock of a number of theoretical notions. We use the notion that a technical and social systems design must be coherent, or consistent, meaning that design choices and operational choices should match in terms of their span of control, their characteristic time constant, and their effects. Or, alternatively, that issues that cannot be solved in a technical manner (equipment, operations, setpoints), are solved in an institutional manner (contracts, agreements, rules, regulations).
This has taken place in such a way that the inherent risk of owning or operating a manufacturing / production / process asset deeply rooted formally into the chain of raw materials-conversion processesend product users, has ramified considerably to include other elements that has any form of explicit or implicit risk relating to products, services, or processes attached to a given asset. The underlying risks have grown from mere financial and regulatory risks to a complex combination including various environmentally and socially sensitive dimensions.
Between these extremes, there are many hybrid forms. Some firms, for example, have the option to sell part of their asset base, or acquire new assets. However, buying and selling real assets is not as easy as buying and selling financial assets. The latter can be done literally by a mouse click nowadays in the well-established financial markets, whereas real assets may require some form of due diligence, especially if it is an asset for which no liquid market exists (like a production facility).