 Advanced Asset Performance Management (APM) and Asset Investment Planning (AIP) SystemsAdolfo Crespo Márquez ()
Chapter Chapter 5 in Digital Maintenance Management, 2022, pp 43-53 from Springer Abstract: Abstract APM products are delivering many valid strategies available for improving reliability and managing maintenance. These should not be thought of as “good” and “bad,” but rather as different approaches to the same overall issue, targeting different circumstances. The objective of APM within a maintenance strategy roadmap is to have a broad array of skills and tools and then to match the needs of different asset classes to those tools in a toolbox approach. AIP solutions aide rethinking asset strategies over replacing assets. A wide variety of organizations are seeing more complex revenue streams and are increasingly under pressure to do more with less, forcing them to rethink asset utilization. AIP systems take data from EAM and APM systems—primarily on asset’s health, criticality, and depreciation—and analyze the data to determine spending alternatives. AIP helps organizations make objective, data-driven decisions to optimize cost and minimize operational risk over the full investment life cycle of an asset, from predicting asset conditions to funding for repair, reallocation, or replacement. This Chapters describes these Apps. Date: 2022 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:ssrchp:978-3-030-97660-6_5 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-97660-6_5 Access Statistics for this chapter More chapters in Springer Series in Reliability Engineering from Springer |
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