Springer Value Based and Intelligent Asset Management: Mastering the Asset Management Transformation in Industrial Plants and Infrastructures

The fundamental motivation of this book is to contribute to the future advancement of Asset Management in the context of industrial plants and infrastructures. The book aims to foster a future perspective that takes advantage of value-based and intelligent asset management in order to make a step forward with respect to the evolution observed nowadays. Indeed, the current understanding of asset management is primarily supported by well-known standards. Nonetheless, asset management is still a young discipline and the knowledge developed by industry and academia is not set in stone yet. Furthermore, current trends in new organizational concepts and technologies lead to an evolutionary path in the field. Therefore, this book aims to discuss this evolutionary path, starting first of all from the consolidated theory, then moving forward to discuss: • The strategic understanding of value-based asset management in a company; • An operational definition of value, as a concept on the background of value-based asset management; • The identification of intelligent asset management, with the aim to frame a set of “tools” recommended to support the asset-related decision-making process over the asset lifecycle; • The emergence of new technologies such as cyber physical systems and digital twins, and the implications of this on asset management. From the Back Cover The fundamental motivation of this book is to contribute to the future advancement of Asset Management in the context of industrial plants and infrastructures. The book aims to foster a future perspective that takes advantage of value-based and intelligent asset management in order to make a step forward with respect to the evolution observed nowadays. Indeed, the current understanding of asset management is primarily supported by well-known standards. Nonetheless, asset management is still a young discipline and the knowledge developed by industry and academia is not set in stone yet. Furthermore, current trends in new organizational concepts and technologies lead to an evolutionary path in the field. Therefore, this book aims to discuss this evolutionary path, starting first of all from the consolidated theory, then moving forward to discuss:   • The strategic understanding of value-based asset management in a company; •  An operational definition of value, as a concept on the background of value-based asset management; • The identification of intelligent asset management, with the aim to frame a set of “tools” recommended to support the asset-related decision-making process over the asset lifecycle; • The emergence of new technologies such as cyber physical systems and digital twins, and the implications of this on asset management.   About the Author Adolfo Crespo Márquez is currently Full Professor at the School of Engineering of the University of Seville, and Head of the Department of Industrial Management. He holds a Ph.D. with Honors in Industrial Engineering from this same University. His research works have been published in journals such as Reliability Engineering and System Safety, International Journal of Production Research, International Journal of Production Economics, European Journal of Operations Research, Omega, Decision Support Systems and Computers in Industry, among others. Prof. Crespo is the author of nine books, the last six with Springer-Verlag (2007, 2010, 2012, 2014 & 2017) and Aenor (2016) about maintenance, warranty, supply chain and asset management. Professor Crespo is Fellow of ISEAM (International Society of Engineering Asset management) and leads the Spanish Research Network on Asset management and the Spanish Committee for Maintenance Standardization (1995–2003). He also leads the SIM (Sistemas Inteligentes de Mantenimiento) research group related to maintenance and dependability management and has extensively participated in many engineering and consulting projects for different co