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Asset Health Management
Asset health management or (AHM) is the field of study which looks at how to manage the "health" of an asset or assets. This often includes methods to establish asset health and effort to decide the appropriate actions to be taken to manage the assets' health. This also includes the discussion of health at end of life to ensure the asset's full life is used efficiently. Asset health management includes many different methods which can sometime overlap in their intended scope and methods. Asset health management has become a difficult field to discuss due to the use of the same acronym to describe multiple different approaches and the use of the same approach with different names. Asset health management can be considered a subset of Asset management. Management of multiple assets There is often also a consideration of additional work done to manage the health of multiple assets within the same framework. Sometimes referred to as Fleet health management and falling within the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: Tangible property, tangib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Management
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes). Theory of asset management primarily deals with the periodic matter of improving, maintaining or in other circumstances assuring the economic and capital value of an asset over time. The term is commonly used in engineering, the business world, and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance, and sustainability. The term has traditionally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open O&M
OpenO&M (Open ''O''perations and ''M''aintenance) is an initiative of the following industry standards organisations: * The International Society of Automation (ISA) * Machinery Information Management Open System Alliance (MIMOSA) * Manufacturing Enterprise Solutions Association (MESA) International * OPC Foundation * Open Applications Group (OAGi) The aim of OpenO&M is to provide a harmonized set of standards. From the organizational point of view, OpenO&M is a virtual organization maintained by MIMOSA. OpenO&M framework The OpenO&M framework consists of the following standards for the exchange of Operations & Maintenance data and associated context: * MIMOSA Open System Architecture for Enterprise Application Integration (OSA-EAI) * MIMOSA Open System Architecture for Condition-Based Maintenance (OSA-CBM) based on ISO 13374 * ANSI/ISA-95 ANSI/ISA-95, or ISA-95 as it is more commonly referred, is an international standard from the International Society of Automation for devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MSG-3
Reliability-centered maintenance (RCM) is a concept of maintenance planning to ensure that systems continue to do what their users require in their present operating context. Successful implementation of RCM will lead to increase in cost effectiveness, reliability, machine uptime, and a greater understanding of the level of risk that the organization is managing. Context It is generally used to achieve improvements in fields such as the establishment of safe minimum levels of maintenance, changes to operating procedures and strategies and the establishment of capital maintenance regimes and plans. Successful implementation of RCM will lead to increase in cost effectiveness, machine uptime, and a greater understanding of the level of risk that the organization is managing. John Moubray characterized RCM as a process to establish the safe minimum levels of maintenance. This description echoed statements in the Nowlan and Heap report from United Airlines. It is defined by the tec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IVHM
Integrated vehicle health management (IVHM) or integrated system health management (ISHM) is the unified capability of systems to assess the current or future state of the member system health and integrate that picture of system health within a framework of available resources and operational demand. Aims of IVHM The aims of IVHM are to enable better management of vehicle and vehicle fleet health. *Improve safety through use of diagnostics and prognostics to fix faults before they are an issue. *Improve availability through better maintenance scheduling *Improve reliability through a more thorough understanding of the current health of the system and prognosis based maintenance *Reduce total cost of maintenance through reduction of unnecessary maintenance and avoidance of unscheduled maintenance This is achieved through correct use of reliable sensing and prognosis systems to monitor part health and also using usage data to assist in understanding the load experienced and likely fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Built-in Self-test
A built-in self-test (BIST) or built-in test (BIT) is a mechanism that permits a machine to test itself. Engineers design BISTs to meet requirements such as: *high reliability *lower repair cycle times or constraints such as: *limited technician accessibility *cost of testing during manufacture The main purpose of BIST is to reduce the complexity, and thereby decrease the cost and reduce reliance upon external (pattern-programmed) test equipment. BIST reduces cost in two ways: # reduces test-cycle duration # reduces the complexity of the test/probe setup, by reducing the number of I/O signals that must be driven/examined under tester control. Both lead to a reduction in hourly charges for automated test equipment (ATE) service. Applications BIST is commonly placed in weapons, avionics, medical devices, automotive electronics, complex machinery of all types, unattended machinery of all types, and integrated circuits. Automotive Automotive tests itself to enhance safety ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Built-in Test Equipment
Built-in test equipment (BITE) for avionics primarily refers to passive fault management and diagnosis equipment built into airborne systems to support maintenance processes. Built-in test equipment includes multimeter A multimeter (also known as a multi-tester, volt-ohm-milliammeter, volt-ohmmeter or VOM, avometer or ampere-volt-ohmmeter) is a measuring instrument that can measure multiple electrical properties. A typical multimeter can measure voltage, elec ...s, oscilloscopes, discharge probes, and frequency generators that are provided as part of the system to enable testing and perform diagnostics. The acronym BIT is often used for this same function or, more specifically, in reference to the individual tests. BIT often includes: * The detection of the fault * The accommodation of the fault (how the system actively responds to the fault) * The annunciation or logging of the fault to warn of possible effects and/or aid in troubleshooting the faulty equipment. Functiona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HUMS
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Hums may refer to: * Health and usage monitoring systems (HUMS), a technique to ensure availability, reliability and safety of vehicles * Thomas Hums (born 1989), a Canadian male track cyclist See also * Hum (other) * Homs Homs ( ; ), known in pre-Islamic times as Emesa ( ; ), is a city in western Syria and the capital of the Homs Governorate. It is Metres above sea level, above sea level and is located north of Damascus. Located on the Orontes River, Homs is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Engineering
Industrial engineering (IE) is concerned with the design, improvement and installation of integrated systems of people, materials, information, equipment and energy. It draws upon specialized knowledge and skill in the mathematical, physical, and social sciences together with the principles and methods of engineering analysis and design, to specify, predict, and evaluate the results to be obtained from such systems. Industrial engineering is a branch of engineering that focuses on optimizing complex processes, systems, and organizations by improving efficiency, productivity, and quality. It combines principles from engineering, mathematics, and business to design, analyze, and manage systems that involve people, materials, information, equipment, and energy. Industrial engineers aim to reduce waste, streamline operations, and enhance overall performance across various industries, including manufacturing, healthcare, logistics, and service sectors. Industrial engineers are employe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
