An approach to manage and evaluate engineering asset performance

ALSaidi, M and Mo, J 2013, 'An approach to manage and evaluate engineering asset performance', International Journal of Social, Management, Economics and Business Engineering, vol. 7, no. 12, pp. 2002-2007.


Document type: Journal Article
Collection: Journal Articles

Title An approach to manage and evaluate engineering asset performance
Author(s) ALSaidi, M
Mo, J
Year 2013
Journal name International Journal of Social, Management, Economics and Business Engineering
Volume number 7
Issue number 12
Start page 2002
End page 2007
Total pages 6
Publisher World Academy of Science, Engineering and Technology
Abstract Modern engineering assets are complex and very high in value. They are expected to function for years to come, with ability to handle the change in technology and ageing modification. The aging of an engineering asset and continues increase of vendors and contractors numbers forces the asset operation management (or Owner) to design an asset system which can capture these changes. Furthermore, an accurate performance measurement and risk evaluation processes are highly needed. Therefore, this paper explores the nature of the asset management system performance evaluation for an engineering asset based on the System Support Engineering (SSE) principles. The research work explores the asset support system from a range of perspectives, interviewing managers from across a refinery organization. The factors contributing to complexity of an asset management system are described in context which clusters them into several key areas. It is proposed that SSE framework may then be used as a tool for analysis and management of asset. The paper will conclude with discussion of potential application of the framework and opportunities for future research
Subject Operations Research
Keyword(s) Asset management
performance
evaluation
Copyright notice © World Academy of Science, Engineering and Technology
ISSN 2010-376X
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