Definitions, Concepts and Scope of Engineering Asset Management

1. Front Matter

   Pages i-xxi

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2. Definitions

   1. Front Matter

      Pages 1-1

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   2. What Is Engineering Asset Management?

      • Joe E. Amadi-Echendu, Roger Willett, Kerry Brown, Tony Hope, Jay Lee, Joseph Mathew et al.

      Pages 3-16

3. Concepts

   1. Front Matter

      Pages 17-17

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   2. Identifying Core Functions of Asset Management

      • Vladimir Frolov, Lin Ma, Yong Sun, Wasana Bandara

      Pages 19-30

   3. A Framework for Strategic Infrastructure Asset Management

      • Eric G. Too

      Pages 31-62

4. Scope (Investment and Cost Control)

   1. Front Matter

      Pages 63-63

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   2. Regulating Asset Management Through Serviceability and a Common Framework for Investment Planning

      • Derek Parsons

      Pages 65-93

   3. Optimizing Budget Allocations in Naval Configuration Management

      • Andrew Colin, Roger Willett, Peter Lambrineas

      Pages 95-113

   4. Modelling Total Cost of Ownership of Rail Infrastructure for Outsourcing Maintenance Services

      • A. Rahman, G. Chattopadhyay

      Pages 115-122

   5. A Statistical Activity Cost Analysis of Engineering Assets

      • Andrew Colin, Michael Falta, Steve Su, Lyle Turner, Roger J. Willett, Rodney Wolff

      Pages 123-135

   6. Capacity Investment Planning Based on Real Options

      • Tony J. Rosqvist

      Pages 137-155

5. Scope (Asset Data and Condition Monitoring)

   1. Front Matter

      Pages 157-157

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   2. Business Rule Discovery Through Data Mining Methods

      • Jing Gao, Andy Koronios, Steve Kennett, Halina Scott

      Pages 159-172

   3. Potential Uses of RFID Technology in Asset Management

      • Abrar Haider, Andy Koronios

      Pages 173-194

   4. Wireless Condition Monitoring and Embedded Novelty Detection

      • Christos Emmanouilidis, Petros Pistofidis

      Pages 195-238

   5. Integration Through Standards – An Overview of Internal Information Standards for Engineering Asset

      • Daniela L. Nastasie, Andy Koronios, Abrar Haider

      Pages 239-258

6. Scope (Sustainability and Safety)

   1. Front Matter

      Pages 259-259

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   2. Sustainability-Based Asset Management in the Water Sector

      • David R. Marlow

      Pages 261-275

   3. Asset Management of Portuguese Educational Facilities

      • Ana C. V. Vieira, António J. Marques Cardoso

      Pages 277-295

Definitions, Concepts and Scope of Engineering Asset Management, the first volume in this new review series, seeks to minimise ambiguities in the subject matter. The ongoing effort to develop guidelines is shaping the future towards the creation of a body of knowledge for the management of engineered physical assets. Increasingly, industry practitioners are looking for strategies and tactics that can be applied to enhance the value-creating capacities of new and installed asset systems. The new knowledge-based economy paradigm provides imperatives to combine various disciplines, knowledge areas and skills for effective engineering asset management. This volume comprises selected papers from the 1st, 2nd, and 3rd World Congresses on Engineering Asset Management, which were convened under the auspices of ISEAM in collaboration with a number of organisations, including CIEAM Australia, Asset Management Council Australia, BINDT UK, and Chinese Academy of Sciences, Beijing University of Chemical Technology, China. Definitions, Concepts and Scope of Engineering Asset Management will be of interest to researchers in engineering, innovation and technology management, as well as to managers, planners and policy-makers in both industry and government.

• Built Environment
• Engineering Asset Management
• Investment
• Life Cycle Management
• Physical Asset Management
• asset management
• business
• capacity
• innovation
• life cycle
• maintenance
• management
• outsourcing
• reliability
• safety
• Engineering Economics
• quality control, reliability, safety and risk

• Graduate School of Technology Management, University of Pretoria, Pretoria, South Africa

  Joe E. Amadi-Echendu

• Southern Cross University, Tweed Heads, Australia

  Kerry Brown

• Department of Accountancy and Business Law, University of Otago, Dunedin, New Zealand

  Roger Willett

• CRC for Integrated Engineering Asset Management (CIEAM), Queensland University of Technology, Brisbane, Australia

  Joseph Mathew

Joe E. Amadi-Echendu works in the Graduate School of Technology Management at the University of Pretoria, Pretoria, South Africa.

Kerry Brown works for Southern Cross University, Tweed Heads, Australia.

Roger Willet works for the University of Otago, Dunedin, New Zealand.

Joseph Mathew works for Queensland University of Technology, Brisbane, Australia.

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