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Keyword: Asset management
Moving Towards Reliability-Centred Management of Energy, Power and Transportation Assets
Infrastructure Asset Management was first adopted in 1980s for challenges faced by the utilities, road and rail transport systems, mining, process and manufacturing industries in asset life cycle value optimization. International standards ISO 55000 and PAS 55 were subsequently developed to provide a basis for a structured methodology in the development of Asset Management System.…
Read More Condition Assessment of Medium Voltage Assets: A Review
Condition assessment of medium voltage assets is essential to ensure reliability and cost-effective operation of power distribution networks. This article presents a literature review of condition assessment of medium voltage assets related to a distribution system in a non-interconnected zone in Colombia, namely, power transformers, photovoltaic systems, switchgear, lines and cables, and instrument transformers. Advanced…
Read More Economic Replacement of Plants and Equipment: A Decision-Making Framework in Engineering
While prior research has focused on siloed approaches to equipment replacement, this study introduces an integrated decision-making framework that synergizes predictive maintenance (IoT/M), dynamic multi-criteria analysis (MCDM), and sustainability-driven material selection. By validating this model through cross-sector case studies and strategic operational planning across various industrial sectors. We demonstrate a 30% improvement in replacement timing…
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