A generic asset management framework for optimising maintenance investment decision

by: Allen S Tam, John W Price

Production Planning & Control, Vol. 19, No. 4. (2008), pp. 287-300.

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Abstract

This paper proposes a generic asset management framework that integrates enterprise decisions for optimising maintenance investment decisions. Optimisation involves finding the best results for an objective with given restraints and relationships. Three business decision dimensions are usedthe annualised costs to the enterprise related to maintenancenamely loss of output cost, resources cost and risk cost. The objective is to reduce costs including those due to risks to the minimum. This paper addresses the relationship between these business decision dimensions within the proposed framework and implements the value per unit time approach for optimisation to occur in an integrated fashion.

@article{citeulike:2834693, abstract = {This paper proposes a generic asset management framework that integrates enterprise decisions for optimising maintenance investment decisions. Optimisation involves finding the best results for an objective with given restraints and relationships. Three business decision dimensions are usedthe annualised costs to the enterprise related to maintenancenamely loss of output cost, resources cost and risk cost. The objective is to reduce costs including those due to risks to the minimum. This paper addresses the relationship between these business decision dimensions within the proposed framework and implements the value per unit time approach for optimisation to occur in an integrated fashion.}, author = {Tam, Allen S. and Price, John W. }, citeulike-article-id = {2834693}, doi = {10.1080/09537280802034042}, journal = {Production Planning \& Control}, number = {4}, pages = {287--300}, posted-at = {2008-05-26 15:33:08}, priority = {2}, publisher = {Taylor \& Francis}, title = {A generic asset management framework for optimising maintenance investment decision}, url = {http://dx.doi.org/10.1080/09537280802034042}, volume = {19}, year = {2008} }

RIS record

TY - JOUR ID - citeulike:2834693 L3 - citeulike-article-id:2834693 TI - A generic asset management framework for optimising maintenance investment decision JF - Production Planning & Control VL - 19 IS - 4 SP - 287 EP - 300 PB - Taylor & Francis N2 - This paper proposes a generic asset management framework that integrates enterprise decisions for optimising maintenance investment decisions. Optimisation involves finding the best results for an objective with given restraints and relationships. Three business decision dimensions are usedthe annualised costs to the enterprise related to maintenancenamely loss of output cost, resources cost and risk cost. The objective is to reduce costs including those due to risks to the minimum. This paper addresses the relationship between these business decision dimensions within the proposed framework and implements the value per unit time approach for optimisation to occur in an integrated fashion. AU - Tam, Allen AU - Price, John PY - 2008/// UR - http://dx.doi.org/10.1080/09537280802034042 ER -

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