2019
DOI: 10.1016/j.ifacol.2019.11.580
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Implementing Intelligent Asset Management Systems (IAMS) within an Industry 4.0 Manufacturing Environment

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Cited by 18 publications
(9 citation statements)
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“…These layers are considered being orthogonal to those of IT ecosystems, which apply here too [17]: i) operational: governing shop-floor activities, reporting of key performance indicators; ii) tactical: transformation of long-term objectives to medium/short-term decisions; and iii) strategic level: governing an organization's asset portfolio to support capital investment decisions. By this, asset and configuration management leverages the ability to generate and manage knowledge [5], as well as to achieve the balance between performance, costs and risks in a company's business objectives [13].Furthermore, it enables self-X features, which keeps complex CPPS controllable by being self-configurable, self-optimizing, self-healing, self-explanatory and self-protecting [15].…”
Section: Management Viewmentioning
confidence: 99%
“…These layers are considered being orthogonal to those of IT ecosystems, which apply here too [17]: i) operational: governing shop-floor activities, reporting of key performance indicators; ii) tactical: transformation of long-term objectives to medium/short-term decisions; and iii) strategic level: governing an organization's asset portfolio to support capital investment decisions. By this, asset and configuration management leverages the ability to generate and manage knowledge [5], as well as to achieve the balance between performance, costs and risks in a company's business objectives [13].Furthermore, it enables self-X features, which keeps complex CPPS controllable by being self-configurable, self-optimizing, self-healing, self-explanatory and self-protecting [15].…”
Section: Management Viewmentioning
confidence: 99%
“…In the domain of planningwhich refers to the identification of tasks, tools and resources necessary for interventions (what and how) -ABC analysis and analytic hierarchy process (AHP) (Gopalakrishnan et al, 2015), failure mode effect and criticality analysis (FMECA) Literature review methodology (Cand on et al, 2019), genetic algorithms (Upasani et al, 2017), general optimization algorithms (Chang et al, 2019), a combination of methods like k-means and NSGA-II (Chang et al, 2019) or other supporting tools such as those discussed by Mourtzis et al (2020) are proposed. Two main approaches can be identified: one more oriented to define criticalities (e.g.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Through analysis of retrospective and current data and the use of special prognostic tools, it is now possible to predict the failure of machines or their parts and thus optimize the costs of maintenance and repair in the future. As a result, risk-and efficiency-based asset management strategies are becoming more widely spread [9], [10]. Such strategies are particularly relevant in relation to critical infrastructure, emergency situations, such as unexpected asset failure may lead to huge financial and reputation losses and in some cases have even more disastrous consequences of the technogenic, social and economic nature.…”
Section: Emerging Opportunities In Assetmentioning
confidence: 99%