The systematic design and application of asset management and maintenance needs a strategic approach throughout its life cycle in order to optimise benefits in terms of technical and business risk. Professor of Maintenance Systems at Cranfield University, Andrew Starr explains.
Asset management encapsulates the design; planning; implementation; operation; maintenance; repair; overhaul; life extension; feedback to design, and re-use of engineered products and systems. It can be considered in two contexts: high value systems; for example, optimised maintenance planning for automated manufacturing plant in automotive assembly to maximise productivity; provision of services to customers to assure…
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