General asset management model in the context of an electric utility: Application to power transformers

2011 ◽  
Vol 81 (11) ◽  
pp. 2015-2037 ◽  
Author(s):  
Juan L. Velasquez-Contreras ◽  
Miguel A. Sanz-Bobi ◽  
Samuel Galceran Arellano
Keyword(s):  
Asset Management ◽  
Electric Utility ◽  
Power Transformers ◽  
Management Model

Integration of a Maintenance Management Model (MMM) Into an Asset Management Process

2022 ◽  
pp. 1-29
Author(s):  
Carlos A. Parra ◽  
Adolfo Crespo Márquez ◽  
Vicente González-Prida ◽  
Antonio Sola Rosique ◽  
Juan F. Gómez ◽  
...  
Keyword(s):  
Life Cycle ◽  
Continuous Improvement ◽  
Asset Management ◽  
Maintenance Management ◽  
Management Model ◽  
Management Process ◽  
Planning And Scheduling ◽  
The Cost ◽  
And Control ◽  
The Relationship

The chapter explains in detail the maintenance management model (MMM) taken as a reference for the development of the book. The chapter is based on the eight phases of the MMM. The first three blocks determine the effectiveness of the management; the following blocks assure the same efficiency and continuous improvement in the following way: Blocks 4 and 5 include actions for the planning and scheduling of maintenance, including, of course, the capacity of planning of department of maintenance. Blocks 6 and 7 are dedicated to the evaluation and control of the maintenance and the cost of assets throughout their life cycle. This chapter of introduction briefly summarizes the process and the reference frame necessary for the implementation of the MMM. This chapter also presents the relationship between the eight phases of the maintenance management model proposed and the general requirements of the asset management standard ISO 55000 to show how the gradual implementation of the MMM largely covers the requirements of the standard ISO 55000.

Case Study on a Maintenance and Reliability Management Model Proposal

2017 ◽  
pp. 1-31
Author(s):  
Carlos Parra ◽  
Adolfo Crespo Márquez ◽  
Vicente González-Prida ◽  
Fredy A. Kristjanpoller ◽  
Pablo Viveros ◽  
...  
Keyword(s):  
Asset Management ◽  
Optimal Strategies ◽  
Building Blocks ◽  
Panama Canal ◽  
Management Model ◽  
Management Process ◽  
Reliability Management ◽  
Management Optimization ◽  
Maintenance And Inspection ◽  
Set Of Locks

The purpose of this chapter, is to provide a Maintenance and Reliability Management Model for the project: Design and Construction of the Third Set of Locks in the Panama Canal, with the approach of the process of asset management optimization. A practical vision of the maintenance and reliability management process and framework is presented with the idea of: Structuring the maintenance management process by grouping management activities within a series of so-called management building blocks; Structuring the framework grouping techniques that can be used to support decisions to be taken within each of these building block. This chapter presents not only a process but also the framework and techniques to manage and improve maintenance and reliability effectiveness and efficiency. This report will be used to assist different plant teams to elaborate the optimal strategies for maintenance and inspection for the assets, specified for the project: Third Set of Locks in the Panama Canal.

Integrated Risk-Informed Asset Management for Commercial Nuclear Power Stations

2002 ◽  
Author(s):  
James K. Liming ◽  
Ernest J. Kee
Keyword(s):  
Asset Management ◽  
Nuclear Power ◽  
Probability Distributions ◽  
Heat Rate ◽  
Electric Utility ◽  
Utility Company ◽  
Confidence Levels ◽  
Power Stations ◽  
Integrated Risk ◽  
Decision Making Processes

The objective of this paper is to provide electric utilities with a concept for preparing and implementing integrated risk-informed asset management (RIAM) programs for power stations and generating companies. RIAM is a process by which analysts review historical performance and develop predictive logic models and data analyses to predict critical decision support figures-of-merit (or metrics) for generating station managers and electric utility company executives. These metrics include, but are not limited to, the following: profitability, projected revenue, projected costs, asset value, safety (catastrophic facility damage frequency and consequences, etc.), power production availability (capacity factor, etc.), efficiency (heat rate), and others. RIAM applies probabilistic safety assessment (PSA) techniques and generates predictions probabilistically so that metrics information can be supplied to managers in terms of probability distributions as well as point estimates. This enables the managers to apply the concept of “confidence levels” in their critical decision-making processes.

THE IMPORTANCE OF ISO 55000 IN SMALL AND MEDIUM SIZED ENTERPRISES

2017 ◽  
Vol 4 (1) ◽  
Author(s):  
Desiree Paris ◽  
Manuel Severino
Keyword(s):  
Life Cycle ◽  
Continuous Improvement ◽  
Significant Influence ◽  
Asset Management ◽  
Management Model ◽  
Life Cycle Costs ◽  
Small Companies ◽  
Small Company ◽  
Strategic Decisions ◽  
Competitive Situation

All sectors are facing an increasing competitive situation, therefore economic analyzes are increasing in importance in asset management. The market dynamics tends to a continuous improvement. The objectives of profitability and life cycle costs have a significant influence on the strategy of assets and strategic decisions in the organization, so it is important to analyze capex and opex to be able to define the strategies to take. What happens when we are in a medium or small company? Generally, the answer to this is that asset management only takes place on large companies. In this research, the application of an international standard model, such as ISO 55000 in asset management, for medium and small companies, becomes relevant. This standard covers a whole concept of control, monitoring and improvement, which explains what should be done. The application of a management model based on the standard allows meeting specific requirements and characteristics. Our conclusion is that any entity, regardless of its size should establish a strategy in its asset management and ISO 55000 could help them in developing that strategy.

scholarly journals PENGELOLAAN WAKAF PRODUKTIF DALAM BENTUK SPBU STUDI KASUS SPBU MASJID AGUNG SEMARANG

2013 ◽  
Vol 4 (1) ◽  
pp. 145
Author(s):  
Nurodin Usman
Keyword(s):  
Qualitative Study ◽  
Asset Management ◽  
Significant Contribution ◽  
Management Model ◽  
Good Service ◽  
Development Models ◽  
Management And Development ◽  
Filling Water ◽  
Descriptive Qualitative

There are several variants of the management and development models that incorporate the concept of waqf productive and consumptive waqf. In the form of management and development of productive waqf property is manifested in the form of public refueling station (SPBU). This research is a descriptive qualitative study aimed to describe the management and development of waqf property of the Great Mosque of Semarang, which has an area of 119.1270 hectares of waqf land, particularly those managed to SPBU. The results showed that SPBU of Great Mosque of Semarang has succeeded in realizing the asset management model and the development of the productive waqf. SPBU of Great Mosque of Semarang have managed to make a significant contribution to the Great Mosque of Semarang and able to provide good service for consumers, as it provides the fuel needed by motorists generally. SPBU of Great Mosque of Semarang is also equipped with various facilities, such as prayer rooms, toilets, filling water and aeration, ATM, rest area, minimarket, clinic, car washbusiness

A Multiple Decision Support Metrics Method for Effective Risk-Informed Asset Management

2004 ◽  
Author(s):  
James K. Liming ◽  
James E. Salter
Keyword(s):  
Decision Support ◽  
Asset Management ◽  
Probability Distributions ◽  
Heat Rate ◽  
Electric Utility ◽  
Cost Ratio ◽  
Net Benefit ◽  
Utility Company ◽  
Power Stations ◽  
Effective Decision Support

The objective of this paper is to provide electric utilities with a concept for developing and applying effective decision support metrics via integrated risk-informed asset management (RIAM) programs for power stations and generating companies. RIAM is a process by which analysts review historical performance and develop predictive logic models and data analyses to predict critical decision support figures-of-merit (or metrics) for generating station managers and electric utility company executives. These metrics include, but are not limited to, the following: profitability, net benefit, benefit-to-cost ratio, projected return on investment, projected revenue, projected costs, asset value, safety (catastrophic facility damage frequency and consequences, etc.), power production availability (capacity factor, etc.), efficiency (heat rate), and others. RIAM applies probabilistic safety assessment (PSA) techniques and generates predictions probabilistically so that metrics information can be supplied to managers in terms of probability distributions as well as point estimates. This enables the managers to apply the concept of “confidence levels” in their critical decision-making processes.

An Improvement Framework for Maintenance Management

2022 ◽  
pp. 48-68
Author(s):  
Renan Favarão da Silva ◽  
Gilberto Francisco Martha de Souza
Keyword(s):  
Asset Management ◽  
Hydroelectric Power Plant ◽  
Life Cycles ◽  
Maintenance Management ◽  
Management Model ◽  
Hydroelectric Power ◽  
Business Outcomes ◽  
Physical Assets ◽  
And Performance

Maintenance is one of the main stages to deliver business outcomes from physical assets over their life cycles. However, as unexpected events and performance may occur in maintenance management, organizations shall be aware of how to address them as well as other opportunities for improvement. Accordingly, this chapter intends to present an improvement framework for maintenance management. The first two sections provide an introduction to maintenance management improvement and its interface with the ISO 55000 series for asset management and the maintenance management model (MMM). Then, the proposed framework and its activities for improvement in maintenance management are discussed in the third section. The fourth section addresses an overview of the main RCA techniques to support the framework implementation. Finally, a hydroelectric power plant case study is discussed to demonstrate the framework in a real operational context.

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