In an attempt to turn data management into a profitable enterprise, many businesses are seeking to integrate and centralise their data through data warehousing. A data warehouse then allows businesses to turn data into knowledge, and turn knowledge into tangible profits. One key success factor...

Asset health prediction is imperative to optimal asset management. Online and offline inspections can provide useful information for predicting asset health. The information from an asset health inspection can be divided into two types. (1) Direct indicators which directly determine failures...

Timely decision making is critical in today’s competitive business world and in recent times, data warehousing has been employed by numerous companies to satisfy the needs of accurate and timely information. Data warehousing has traditionally been employed for financial and customer...

In this paper, Statistical Activity Cost Analysis (SACA) is used to identify the interaction of mutually dependent physical and financial aspects of a fixed asset-like system configuration. The novelty of the approach is, having established a rational description of the uncertainty inherent in...

To integrate condition monitoring and reliability analysis with asset life-cycle management, a general-purpose asset health assessment system architecture is being developed. This system will assist management and maintenance staff to make decisions based on condition and reliability data,...

Lifetime estimation is significant in engineering asset management. However, the estimate of lifetime or failure time could be misleading as it may not reveal the real value. Therefore, confidence intervals need to be built to quantify the prediction uncertainty. For the Gamma process, which is...

The amount of data that modern companies collect is ever increasing. With organisations that own a plethora of information systems, structured integration of data has become a pressing issue. Many companies have turned to data warehousing to bridge the gap of turning data into useful information...

Condition monitoring systems are prevalent in industries that contain critical assets. Their use allows the detection of potential failures at an early stage in order to minimise downtime and maintenance costs of a system. Many condition monitoring systems are commercially available, however...

Organisations owning and managing infrastructure assets are constantly striving to obtain the greatest life time value. This has resulted in an increasing preference for the privatisation of infrastructure asset provision based on the assumption of greater competition-led performance. Despite...

The economiser is a critical component for efficient operation of coal-fired power stations. It consists of a large system of water-filled tubes which extract heat from the exhaust gases. When it fails, usually due to erosion causing a leak, the entire power station must be shut down to effect...