Titlebook: Value Based and Intelligent Asset Management; Mastering the Asset Adolfo Crespo Márquez,Marco Macchi,Ajith Kumar Par Book 2020 Springer Na

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An Approach to Value-Based Infrastructure Asset Management be used to assess the value and make effective decisions. The developed approach is demonstrated through a case study involving transportation tunnels. The essential consideration of value is expected to allow organisations in evaluating the balance between cost, risk and performance and thereby allowing better informed decisions.

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A Review of the Roles of Digital Twin in CPS-Based Production Systemsronization enabled by sensors. The chapter also proposes the definition of DT for Industry 4.0 manufacturing, elaborated by the European H2020 project MAYA, as a contribution to the research discussion about DT concept.

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A Social Network of Collaborating Industrial Assets status data. We also identify the building blocks of SIoIA and characteristics of one of its important components—Social Assets. A sketch of the general architecture needed to enable a Social Network of Collaborating Industrial Assets is proposed and two illustrative application examples are given.

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Application of a Performance-Driven Total Cost of Ownership (TCO) Evaluation Model for Physical Asse evaluated through the analysis of the technical performances of the asset. The chapter is based on a framework that systematizes benefits and potential applications of TCO for different kind of stakeholders at different stages of the life cycle of the asset supporting different kind of decisions. T

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