Physical Asset Management for a Sustainable World

This book describes techniques, tools, and models about engineering maintenance and life cycle models, aimed at the efficient managing of assets. It presents new asset management models, namely the Holistic Diagnostic Model (HDM) and Integrated Asset Management Support Model (IAMSM), including quantitative decision support tools for life cycle management of physical assets. It presents an overview of the life cycle models for replacement through a global model, with emphasis on availability and maintenance costs. Features: Covers important aspects on Physical Asset Management (PAM) and offers a developed perspective on the economic aspects. Presents the relationships among some maintenance Key Performance Indicators (KPI), specifically MTTR, MTBF, Availability, and Reserve equipment. Analyzes models to calculate the influence of relevant variables on the withdrawal time and in the reserve size of the critical assets. Introduces new diagnostic models and Life Cycle decision support models. Includes new models for diagnosing organizations including pertinent case studies. This book is aimed at researchers, professionals, and graduate students in PAM, maintenance management, and industrial engineering.