Utilize your assets effectively, safely, and profitably.

Based on the authors’ research, Reliability and Optimal Maintenance presents the latest theories and methods of reliability and maintenance with an emphasis on multi-component systems, while also considering current hot topics in reliability and maintenance including: imperfect repair, economic dependence and opportunistic maintenance, and correlated failure and repair. Software reliability and maintenance cost, and warranty cost considerations are also considered.

Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management.

Devising optimal strategy for maintaining industrial plant can be a difficult task of daunting complexity. This book aims to provide the plant engineer with a comprehensive approach for tackling this problem, that is, for deciding maintenance objectives, formulating equipment life plans and plant maintenance schedules, and others.

Scientific Essay from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: 19,5/20, University of Rennes 1, language: English, abstract: Maintenance management and optimization of maintenance is getting more and more important for a large number of companies. The use of automated machines and equip-ment in order to produce goods is very common today; hence companies have to rely on reliable machines which are available and working 100% of the time. In order to attain a flawless working factory, maintenance management is crucial. However companies cannot hope that the decisions they make concerning maintenance management are optimal and they start therefore to use decision support systems based on optimization methods. Also maintenance management is very complex and a lot of different decisions have to be made, like defining maintenance intervals, personal planning, when to buy spare parts, when to replace equipment etc. It is easier for companies to base their decisions on a mathematical program, and therefore the use of maintenance management optimization models arises. Optimization models proved to be very advantageous in other sectors, so it was just a matter of time before optimization methods where ported to maintenance man-agement. Problematic in the case of maintenance optimization are the very specific maintenance problems resulting in a large number of different maintenance optimization models. It is consequently very difficult to get a good overview about the different models and their application. R. Dekker, who has worked a lot on maintenance optimization and on operations research in maintenance management wrote a paper about maintenance optimization methods and their application, ‘Application of maintenance optimization models: a review and analysis’. It summarizes maintenance management in general, gives a brief history of maintenance management, describes different optimization methods, their practical application, problems which can occur by applying the models etc. In this paper, I will discuss the work of R. Dekker; first of all there will be a description of the paper, explaining what it is about and giving a resume of important aspects. In the second section, the paper will be compared to other papers concerning maintenance opti-mization, different and identical aspects will be explained. Furthermore some information will be added in order to simplify the comprehension of maintenance optimization mod-els. Finally I will comment the paper, and give my opinion about the aspects that I liked and what I would describe differently.