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Empirically Based Asset Management Decision Support for Reliable and Cost Effective Asset Operation

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Author Info

  • Michael Schenk

    ()
    (Fraunhofer Institute for Factory Operation and Automation IFF Magdeburg)

  • Frank Ryll

    ()
    (Fraunhofer Institute for Factory Operation and Automation IFF_ Magdeburg)

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    Abstract

    This article describes a method that supports asset management decision making so that complex technical assets are operated reliably and cost effectively. It focuses on improving the foundations of planning applied to formulate condition-based maintenance strategies. To this end, it presents a novel empirically based method for determining wear allowances in technical assets. The parameter of wear allowance is referenced to quantify current condition and anticipated changes of condition as a function of asset utilization.

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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2010/02/TMP_2010_02_10.pdf
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    Bibliographic Info

    Article provided by Faculty of Economics, University of Miskolc in its journal Theory Methodology Practice (TMP).

    Volume (Year): 6 (2010)
    Issue (Month): 02 ()
    Pages: 69-76

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    Handle: RePEc:mic:tmpjrn:v:6:y:2010:i:02:p:69-76

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