Implementation Of Asset Management Research Articles

Towards a Distributed Digital Twin Framework for Predictive Maintenance in Industrial Internet of Things (IIoT).

This study uses a wind turbine case study as a subdomain of Industrial Internet of Things (IIoT) to showcase an architecture for implementing a distributed digital twin in which all important aspects of a predictive maintenance solution in a DT use a fog computing paradigm, and the typical predictive maintenance DT is improved to offer better asset utilization and management through real-time condition monitoring, predictive analytics, and health management of selected components of wind turbines in a wind farm. Digital twin (DT) is a technology that sits at the intersection of Internet of Things, Cloud Computing, and Software Engineering to provide a suitable tool for replicating physical objects in the digital space. This can facilitate the implementation of asset management in manufacturing systems through predictive maintenance solutions leveraged by machine learning (ML). With DTs, a solution architecture can easily use data and software to implement asset management solutions such as condition monitoring and predictive maintenance using acquired sensor data from physical objects and computing capabilities in the digital space. While DT offers a good solution, it is an emerging technology that could be improved with better standards, architectural framework, and implementation methodologies. Researchers in both academia and industry have showcased DT implementations with different levels of success. However, DTs remain limited in standards and architectures that offer efficient predictive maintenance solutions with real-time sensor data and intelligent DT capabilities. An appropriate feedback mechanism is also needed to improve asset management operations.

Through a glass darkly: Lessons from The Huntington Library, Art Museum, and Botanical Gardens digital asset management implementation

In this paper, two project leads review and analyse the scoping and implementation of the first digital asset management (DAM) system in a multi-hyphenate cultural heritage organisation. They recount key decisions made during the process and trace their impacts — positive and negative — within the context of the current state of The Huntington DAM (known as RAIL) as a pilot platform in an emerging ecosystem of institutional data management. The paper concludes with the system roadmap for the next several years.

The Intention of Bridge Asset Management Implementation in Indonesia

The need for effective bridge asset management in Indonesia has become crucial. Currently, the number of bridge assets in Indonesia is continuously increasing, parallel to the rising budget allocations for infrastructure development in the road and bridge sectors to enhance regional connectivity more efficiently. This situation places demands on asset managers to work harder and possess expertise in bridge asset management. However, the reality reveals persistent issues related to the inability of bridge asset managers in various regions to manage their assets effectively. This raises the question of whether asset managers have the intention to implement asset management or what factors might drive their appeal to have an intention towards effective asset management. To address these questions, a survey was conducted involving asset managers and experts to evaluate the current state of bridge asset management in Indonesia. The research findings provide insights into the relationships among factors associated with bridge asset management, such as budget, data, policy, resources, and system, and the intentions of asset managers. The model’s solutions show that data and system are anticipated to achieve effective and efficient implementation of bridge asset management. It is hoped that this research will assist asset managers in Indonesia in enhancing their intention towards better bridge asset management.

Management of Fixed Asset Management at the Manpower and Transmigration Service of Penukal Abab Lematang Ilir Regency (PALI)

Assets are the component with the greatest value and wealth that is vital for the running of an organization, whether in a government or private company. Researchers will focus this research on the Manpower and Transmigration Service of PALI Regency and how fixed asset management works. whether the implementation of asset management is in accordance with established regulations. So far, management of regional inventory items has been carried out on the basis of the provisions of Minister of Home Affairs Regulation Number 7 of 1997 as the main regulations for regional government inventory regulations. The aim of this research is to understand how fixed asset management at the PALI Regency Manpower and Transmigration Service works. This research uses qualitative research methods with an emphasis on Doli D. Siregar's theory of asset indicators, namely: asset inventory, legal audit, asset assessment, asset optimization, and asset monitoring and control. In selecting informants, researchers used purposive. The techniques used by researchers in collecting data are interviews, observation, and documentation studies. The conclusion from the results of this research shows that fixed asset management at the Manpower and Transmigration Department is not running well. This is because there is still a lack of human resources in the field of asset management, one of whose tasks is to inventory assets, and the large number of assets makes asset managers overwhelmed.

PERENCANAAN DMA BERBASIS IOT UNTUK MENURUNKAN KEHILANGAN AIR DI KOTA AMBON

Access to clean water is the right of every citizen that the government must fulfill, both the central government and local governments, through drinking water business entities, namely PDAM. The performance of a PDAM represents the quality level of drinking water administration in an area. Only now, the high loss of drinking water has become problematic for PDAMs in improving their performance. One of the PDAMs with a high loss of drinking water is PDAM Tirta Yapono, Ambon City, with a water loss rate of 69.85%. In this paper, an effort is made to reduce water loss in PDAM Tirta Yapono by establishing a DMA in the Wainitu Village based on the existing condition of the pipeline, along with the number of sensors and instrumentation needed. SCADA and asset management implementation are also designed to support DMA's performance in reducing water loss. SCADA's role in reducing water loss facilitates the implementation of step tests and automation of monitoring activities for the distribution process and water quality by placing several instruments in the distribution network. Monitoring with SCADA will provide accurate data. Then, asset management also plays a role in reducing water losses because the information contained in asset management is used as material for preparing a strategy to reduce water losses following the priorities and capabilities of PDAM Tirta Yapono.

Professional differences in green infrastructure implementation: A case study of integrating engineering and ecological knowledge systems in the water sector

As water organizations adopt green infrastructure for stormwater management to increase sustainability, new types of professionals are needed that were not previously widespread in the industry. Ecologists and other ecologically-oriented employees are being brought into these organizations that have long been mostly oriented around an engineering knowledge system. This study examines how these two different knowledge systems interact within a water organization, outlining the differences in their underlying assumptions and orientations that can cause friction. The research used a case study approach to examine implementation of asset management within a water organization that has been building and managing green infrastructure for over thirty years. It found that integration around a common decision process can occur, but that it is a slow process filled with continuous negotiation. The research suggests that water organizations looking to establish green infrastructure programs should be more aware and intentional about discussing differences in professional knowledge systems when bringing new types of professions into an established organization.

САНОАТ КОРХОНАЛАРИДА АКТИВЛАРНИ БОШҚАРИШНИНГ ТАМОЙИЛЛАРИ ВА ФУНКЦИОНАЛ ЭЛЕМЕНТЛАРИ

This article discusses the principles and functional elements of asset management in industrial enterprises. In particular, on the basis of the general rules of an industrial enterprise, the integration of general management ideas and directions for the implementation of asset management is explained. It is noted that the rapid growth of capitalization of financial and digital asset markets in modern conditions depends on the efficiency achieved in asset management in these areas, and the management of infrastructure assets is also relevant at the present time

MANAJEMEN ASET DI KANTOR DINAS PENDIDIKAN KOTA SURAKARTA

<p>This study aims to determine the implementation of asset management in the Surakarta Education Office, the obstacles, and the efforts to overcome obstacles in asset management at the Surakarta Education Office. This research is a qualitative research with a case study approach. Data obtained from informants, events, documents with purposive snowball sampling. The validity of the data was checked by methods triangulation and sources triangulation. The results of the study: (1) asset management at the Surakarta Education Office is carried out one-stop centered on the General and Personnel Subfield, while the asset management activities carried out are needs planning, procurement, inventory, legal audit, assessment, operation and maintenance of assets, and asset disposal, (2) obstacles in asset management at the Surakarta Education Office are assets not being approved to be procured, and communication among the divisions that has not been good, (3) efforts made by the Surakarta Education Office to overcome these obstacles are by submitting the procurement of assets that have not been approved in the next procurement period on a priority scale, and procuring assets by leasing. The next effort is re-communicating information about asset management to each division, checking and updating asset data so that assets are recorded properly.</p><p><em><br /></em></p>

Data-driven asset management in urban water pipe networks: a proposed conceptual framework

Abstract Analytical tools used in infrastructure asset management of urban water pipe networks are reliant on asset data. Traditionally, data required by analytical tools has not been collected by most water utilities because it has not been needed. The data that is collected might be characterised by low availability, integrity and consistency. A process is required to support water utilities in assessing the accuracy and completeness of their current data management approach and defining improvement pathways in relation to their objectives. This study proposes a framework to enable increased data-driven asset management in pipe networks. The theoretical basis of the framework was a literature review of data management for pipe network asset management and its link to the coherence of set objectives. A survey to identify the current state of data management practice and challenges of asset management implementation in five Swedish water utilities and three focus group workshops with the same utilities was carried out. The main findings of this research were that the quality of pipe network datasets and lack of interoperability between asset management tools are drivers for creating data silos between asset management levels, which may hinder the implementation of data-driven asset management. Furthermore, these findings formed the basis for the proposed conceptual framework. The suggested framework aims to support the selection, development and adoption of improvement pathways to enable increased data-driven asset management in municipal pipe networks. Results from a preliminary application of the proposed framework are also presented.

Willingness to Pay for Improved Water Supply Services Based on Asset Management: A Contingent Valuation Study in South Korea

The pressure on water infrastructure has increased due to an increase in the number of aging water pipes. Aging pipes are prone to failure, causing significant financial losses and service disruptions. The increasing number of aged pipes and limited budget for pipe rehabilitation or replacement necessitates water infrastructure asset management to ensure sustainable water supply services. In this study, contingent valuation was used to estimate the willingness to pay (WTP) and value improved water supply services through the implementation of asset management. To estimate the WTP at the individual and county levels, we performed a nationwide survey including eight provinces and 24 counties/cities with distinct water supply service performances. At the individual level, the median WTP estimated using the double-bounded dichotomous choice model was 249.50 KRW/month (0.22 USD/month). The results showed that high-level satisfaction of customers with water supply services and positive price perception of water bills resulted in a high WTP. At the county level, decreasing water supply service performances were associated with a low WTP, indicating that proper interventions by local utilities are required to achieve sustainable water supply services. Our results provide a quantitative basis for decision-making in implementation of water infrastructure asset management.

REGIONAL ASSET MANAGEMENT MECHANISM OF WEST ACEH DISTRICT (SHARIA ASSET MANAGEMENT PERSPECTIVE ANALYSIS AND PERMENDAGRI NO. 19 YEAR 2016)

This Study aims to describe the management of regional management in west Aceh regency and to determine whether or not the regional asset management is appropriate from the perspective of sharia asset management and PERMENDAGRI number 19 of 2016. the approach of this research is qualitative with descriptive analysis method. the sample used in this study is the civil servants of the West Aceh regional financial management agency (BPKD) who have a relationship whit regional asset management policies. the result of the study show that the management of fixed assets/regional property at the regional management agency (BPKD) Aceh Barat has done it optimally and in accordance with the systems and procedures of the cycle of managing the property of the region as stipulated in domestic regulation number 19 of 2016 concerning guidelines for the management of regional property. planning according to needs and procurement of asset carried out in a transparent manner as well as utilization that can be utilized by the community with a borrow and use system. the implementation of asset management is also in accordance with Islamic law, namely management which is based on Islamic values such as trust, reliability and freedom, balance and can be accounted for. these Islamic principles are applied and used as the basis for the asset management mechanism. some of the obstacles or inhibiting factors encounted in implementing the regional property management cycle are human resources due to the need for specific knowledge and understanding of the regional-owned asset management mechanism.

Information as a key dimension to develop industrial asset management in manufacturing

PurposeThe purpose of this work is to investigate industrial asset management (AM) in manufacturing. After depicting gaps for AM in this sector, the role of information as a key dimension is considered to realise a summary of challenges and advices for future development.Design/methodology/approachThe work is grounded on an extensive systematic literature review. Considering the eligible documents, descriptive statistics are provided and a content analysis is performed, both based on a sector-independent normative-based framework of analysis.FindingsAM principles, organisation and information are the dimensions defined to group ten areas of interest for AM in manufacturing. Information is the major concern for an effective AM implementation. Moreover, Internet of Things and big data management and analytics, as well as data modelling and ontology engineering, are the major technologies envisioned to advance the implementation of AM in manufacturing.Research limitations/implicationsThe identified challenges and advices for future development may serve to stimulate further research on AM in manufacturing, with special focus on information and data management. The sector-independent normative-based framework may also enable to analyse AM in different contexts of application, thus favouring cross-sectorial comparisons.Originality/valueIndustries with higher operational risk, like Oil&Gas and infrastructure, are advanced in AM, while others, like some in manufacturing, are laggard in this respect. This literature review is the first of a kind addressing AM in manufacturing and depicts the state-of-the-art to pave the way for future research and development.

Research on Intelligent Evaluation and Monitoring Method for Cost of Transmission and Transformation Project

With the advancement of fine-grained management of transmission and transformation projects, the construction of an intelligent learning model for the assessment of cost levels is a prerequisite for the implementation of asset management of transmission and transformation projects. To this end, an intelligent assessment and monitoring method for the cost level of transmission and transformation projects is studied. In view of the high-dimensional small sample characteristics of transmission and transformation project cost data, this method constructs cost level evaluation indicators and monitoring error indicators, and proposes a random bit random forest-based transmission and transformation project cost data feature selection method. Based on this, an umbrella-type evaluation monitor was used to build a transmission and transformation project cost level evaluation and online monitoring model. The validity of the algorithm is verified with the actual substation project cost data of a province. The results show that the method proposed in this paper has good feature stability and evaluation accuracy, and can realize online dynamic monitoring of the transmission and substation project cost level.

Presenting the model in improving maintenance and excellence in organizational culture and reliability in Iran tile and ceramic industries

Purpose In order to increase productivity and create added value in ceramic and tile industries of Iran, the role of physical assets including machinery, equipment and utilities is very important in these industries, and management of those take an important role. Organizational culture and its role in physical asset management implementation are very important in the Iran ceramic and tile industries. In these industries, there is a secret force called culture, which must be changed if the organization wants to grow up and improve physical assets management. The purpose of this paper is to identify organizational cultural, technical and reliability variables and structure of these variables in form of a combined structural model. Design/methodology/approach In order to present a structural combination model, a development model type, the mixed research method is used, and expert’s comments are also used. This model was implemented at Apadana Ceram Company, and its results, in comparison with previous models on physical assets, have shown that consideration of four culture elements can be of great help to reach an optimal point in maintenance and excellence. Findings In this paper, analysis of previous research studies, project documents and expert’s opinions in ceramic and tile industries have been used. In the presented model, special attention has been paid to organizational culture and its four elements including values, patterns, rituals and procedures and cultural infrastructure in order to achieve excellence and reach an optimal point in maintenance. Also, governing structure between organizational culture and technical and reliability variables was nominated, which could help companies in physical asset management. Furthermore, eight components of change management were expressed, which are important in order to implement this model. Originality/value This model with special consideration of four culture elements can be of great help to industries to reach an optimal point in maintenance and excellence.

The Implementation Of Strategic Management In The Management Of State Assets: An Empirical Study At The Office Of The Ministry Religious Affairs Of Wonogiri Regency

This research is a kuantitatif research, that purpose was to determine empirically the implementation of asset management at the office of The Ministry Religious Affairs of Wonogiri Regency using the influence of leadership, organizational commitment, and strategic management as intervening variables. This study is a survey method based research. The used primary data was done by taking as 50 (fivety) employees at The Ministry Religious Affairs of Wonogiri Regency. Data in this research wald be obtained directly from the results of questionnaires. The analitycal tool used instrument test, linearity test, path analysis and regression with t test, F test and R2 test. This study result point that leadership had positive and significant influence on strategic management, organizational commitment had positive and significant impact on strategic management, leadership had positive and significant impact on asset management, organizational commitment had a positive and significant impact on asset management, strategic management has a significant positive effect on asset management. The simultaneous result of the test (F test) can be concluded as leadership variables, organizational commitment, strategic management have a positive and significant impact on asset management. The result of determination test shows that R Square total is 0,92, which means asset management variable is explained by leadership, organizational commitment, and strategic management of 92% and the rest of 8% is explained as other variable outside the research model. The results of path analysis shows that the indirect effect of leadership on asset management through strategic management is greater than the direct influence of leadership on asset management, the direct impact of organizational commitment to asset management is greater than the indirect influence of organizational commitment through strategic management. The indirect path of leadership through strategic management is the most dominant variable of its influence on asset management is the path chosen as the most effective path in asset management.Keywords: leadership, organizational commitment, strategic management, asset management.

MANAJEMEN DANA BANK SYARIAH

The fund given to third party should be well-saved and secured. Therefore, the process of fund pooling and receiving must be based on the rule of Indonesian Bank, DSN, and Islamic bank. Besides, there must be a guarantee of the fund for its safety and cleanliness. Since Islamic bank dominates the use of sharing model, Muāmalah Māliah, for profit and risk,it must provide professional investment management. Moreover, Islamic bank should be careful in selecting investment in order to secure client’s fund. The main purpose of asset management is to maximize profit, minimize risk, and provide sufficient liquidity. Islamic bank has possible risk as well as conventional bank except interest risk as Islamic bank is according to profit and loss sharing. Bank cannot persuade its clients to invest their money without guarantee for security and withdrawal. Thus, bank must consider the risks that can influence the sum of profit: the assessment of budget and planning profit, company investment effectiveness, asset distribution, and strategy asset management implementation. Asset management strategy must be based on the source of fund and investment characteristics.

Suggestion for a Framework for a Sustainable Infrastructure Asset Management Manual in Korea

This study proposes a framework for an infrastructure asset management manual containing infrastructure asset management processes and operation techniques, which can be adjusted by different ordering authorities to develop their own manuals. The following conclusions were drawn in this study. First, the justification for implementation of asset management was examined through analysis of changes and status of asset management in domestic infrastructure, and the current status and insufficiencies in the asset management manuals of the government and ordering authorities were inspected. Second, the current status and systems of infrastructure asset management manuals in developed foreign nations such as Australia, the United Kingdom and the United States were examined, to analyze and compare the characteristics of asset management manuals among different nations. The directivity for composition of an infrastructure asset management manual in Korea was deduced for reference. Third, based on the directivity for composition of a domestic and foreign infrastructure asset management manual, a framework for an infrastructure asset management manual that can be utilized by the ordering authorities was proposed for (1) a general infrastructure asset management manual connected to global asset management manuals; (2) a manual that considers the asset management experience of the ordering authorities; (3) a systematic manual that takes user convenience into account; and (4) a circulatory process, which links infrastructure policy and strategy in the decision-making stage.

Wall and Geotechnical Asset Management Implementation at the Colorado Department of Transportation

The Colorado Department of Transportation (DOT) has successfully initiated risk-based asset management programs for retaining walls, sound walls, and geotechnical assets. This paper reviews the development and status of programs for walls and other assets described as geotechnical hazards by the Colorado DOT. The formulation of these programs was completed in less than a year and led to long-term funding plans that were approved by department consensus. The programs were designed to protect the safety of the traveling public, improve mobility, and reduce maintenance expenditures by identifying deficiencies and evaluating performance improvement through corrective actions. The asset management plans were developed from inventory data compiled from existing department records and geographic information systems. For the retaining and sound wall assets, the data were integrated with the Colorado DOT bridge management and national bridge inventory system databases. The asset management programs corresponded with performance targets of the Moving Ahead for Progress in the 21st Century Act, and the analysis sought to obtain the greatest reduction in risk over the remaining life cycle. Multiple inspection and analysis levels varied the amount of data collected to direct resources toward assets with higher risk. The inventory, inspection, and management of these assets were performed with handheld, web-based data collection applications on mobile devices. The applications collected, geospatially located, analyzed, and organized inspection data and thus increased the efficiency of the tasks. The applications also had risk-based escalation routines and notification processes for critical situations identified by field inspectors.

Decisions, Decisions: An Asset Management—Based Distribution System Framework

This article presents an operational framework that can implement asset management concepts for distribution systems. This operational framework should align well with distribution system goals (which include securing the rights of stakeholders). To this end, we first discuss who the distribution stakeholders are and methods of securing their rights. After describing the asset management implementation process, we consider the role of the rights of each stakeholder in the asset management system so that asset constraints and efficiency activities can be determined. Then we determine distribution system targets and the processes used to achieve those targets, and a distribution system framework is obtained based on asset management. In the next section, we describe operational activities in the managerial structure of a distribution system. Using this information, the total process of a distribution system based on asset management is determined. Finally, we discuss adapting the framework for both long- and short-term asset management.

A research framework for development of a LCCA based tunnel asset management system

산악지형이 많은 우리나라는 1970년대 이후 급속한 경제발전과 함께 수많은 터널이 건설되어 왔으나 터널의 필요성에 대한 인식에 비해 터널의 유지관리에 대한 관심은 부족한 상태이다. 국내 터널의 유지관리체계는 점검 후 이상이 발견 되었을 때 대처하는 대응적 유지관리 체계로서, 앞으로 노후화 터널이 급격히 증가하면서 각 기관들의 제한된 예산의 범위와 인력으로는 일일이 대응하기 어려워질 것이다. 따라서 본 연구에서는 터널의 유지관리를 전략적이고 장기적인 관점에서의 예방적인 관리 체계로 변환시키기 위한 LCCA(Life Cycle Cost Analysis)기반 터널 자산관리 시스템의 필요성과 개발방향에 대한 프레임웍을 제시하고자 한다. 국외 선진국의 사회기반시설물에 대한 자산관리 수행사례를 살펴보고 국내 터널관리에서의 자산관리기법의 필요성을 분석하였다. 또한, 터널 자산관리에서 경제적, 공학적의 정량적 의사결정 기법인 LCCA 모델을 적용하여 자산관리모델이 개발되기 위한 구체적인 발전방향을 제시하고 이를 시스템화하기 위한 연구개발 프레임웍을 설계하였다. As many parts of Korea are mountainous, many tunnels have been constructed to be in step with rapid economic development since 1970's. However, the interest on maintenance of tunnels is far less than the awareness of need for tunnels. As the tunnel maintenance system is the responsive maintenance system which responds to the problems found during the inspection, it will be very difficult to respond to each problem with the limited budget and manpower of the government agencies when the number of aged tunnels rapidly increase in the future. As such, this study presents the need for the LCCA (Life Cycle Cost Analysis) based tunnel asset management system to transform the tunnel maintenance to a preventive management system in a strategic and long-term viewpoint and proposes the framework for development direction. It observed the asset management implementation cases of social infrastructure in other countries and analyzed the need for asset management technique to manage the tunnels in Korea. Moreover, it applied the LCCA model, which is the economic and engineering quantitative decision making technique, for tunnel asset management to present the concrete direction for development of an asset management model and designed the R&D framework to systemize it.