Physical Asset Management for a Sustainable World

This book describes techniques, tools, and models about engineering maintenance and life cycle models, aimed at the efficient managing of assets. It presents new asset management models, namely the Holistic Diagnostic Model (HDM) and Integrated Asset Management Support Model (IAMSM), including quantitative decision support tools for life cycle management of physical assets. It presents an overview of the life cycle models for replacement through a global model, with emphasis on availability and maintenance costs.

Features:

• Covers important aspects on Physical Asset Management (PAM) and offers a developed perspective on the economic aspects.
• Presents the relationships among some maintenance Key Performance Indicators (KPI), specifically MTTR, MTBF, Availability, and Reserve equipment.
• Analyzes models to calculate the influence of relevant variables on the withdrawal time and in the reserve size of the critical assets.
• Introduces new diagnostic models and Life Cycle decision support models.
• Includes new models for diagnosing organizations including pertinent case studies.

This book is aimed at researchers, professionals, and graduate students in PAM, maintenance management, and industrial engineering.

José Manuel Torres Farinha has Habilitation in Electrical and Computer Engineering, a PhD in
Mechanical Engineering and a degree in Electrical Engineering, option Energy. He is a National
Defence Auditor. He is Full Professor in Coimbra Polytechnic Institute (IPC) and its former
President. He is the Coordinator of the Master’s Degree in Engineering and Management of
Physical Assets in IPC. He has completed several PhD supervisions and dozens of Master’s
degree orientations. He has published three books, two in National edition and one in
International edition. He has more than 250 publications - articles in indexed and non-indexed
international journals, in national magazines and in proceedings of international and national
congresses. He has several registered patents (National and International). He is Specialist
Member of Industrial Maintenance Specialization and a Counsellor Member of the Portuguese
Association of Engineers.