Value Based and Intelligent Asset Management

Mastering the Asset Management Transformation in Industrial Plants and Infrastructures

  • Adolfo Crespo Márquez
  • Marco Macchi
  • Ajith Kumar Parlikad

Table of contents

  1. Front Matter
    Pages i-xxiv
  2. Long-Term Vision for Proper Asset Management

    1. Front Matter
      Pages 1-1
    2. Adolfo Crespo Márquez, Marco Macchi, Ajith Kumar Parlikad
      Pages 3-38
    3. Adolfo Crespo Márquez, Antonio de la Fuente Carmona, Antonio J. Guillén López, Antonio Sola Rosique, Javier Serra Parajes, Pablo Martínez-Galán Fernández et al.
      Pages 79-99
  3. Focusing on Value-Based Asset Management

    1. Front Matter
      Pages 101-101
    2. Irene Roda, Marco Macchi
      Pages 103-122
    3. Rengarajan Srinivasan, Ajith Kumar Parlikad
      Pages 123-138
    4. Adolfo Crespo Márquez, Antonio Sola Rosique, Pedro Moreu de León, Juan F. Gómez Fernández, Antonio González Diego, Eduardo Candón Fernández
      Pages 139-161
  4. Intelligence in Operational Decision Making—CBM/PHM and Predictive Analytics

    1. Front Matter
      Pages 163-163
    2. Jesús Ferrero Bermejo, Juan F. Gómez Fernández, Antonio J. Guillén López, Fernando Olivencia Polo, Adolfo Crespo Márquez, Vicente González-Prida Díaz
      Pages 165-185
    3. Fernando Olivencia Polo, Jesús Ferrero Bermejo, Juan F. Gómez Fernández, Adolfo Crespo Márquez
      Pages 187-209
    4. Bin Liu, Zhenglin Liang, Ajith Kumar Parlikad, Min Xie, Way Kuo
      Pages 211-231
    5. Cristian Colace, Luca Fumagalli, Simone Pala, Marco Macchi, Nelson R. Matarazzo, Maurizio Rondi
      Pages 233-257
    6. Asier Erguido Ruiz, Adolfo Crespo Márquez, Eduardo Castellano, Juan F. Gómez Fernández
      Pages 259-287
  5. Emerging Value-Based and Intelligent Asset Management Processes

    1. Front Matter
      Pages 289-289
    2. Elisa Negri, Luca Fumagalli, Marco Macchi
      Pages 291-307
    3. Hao Li, Adrià Salvador Palau, Ajith Kumar Parlikad
      Pages 309-328
    4. Adrià Salvador Palau, Zhenglin Liang, Daniel Lütgehetmann, Ajith Kumar Parlikad
      Pages 329-349
    5. Sergei Chekurov, Sini Metsä-Kortelainen, Mika Salmi, Irene Roda, Ari Jussila
      Pages 351-377
    6. Adolfo Crespo Márquez, Marco Macchi, Ajith Kumar Parlikad
      Pages 379-403

About this book


The fundamental motivation of this book is to contribute to the future advancement of Asset Management in the context of industrial plants and infrastructures. The book aims to foster a future perspective that takes advantage of value-based and intelligent asset management in order to make a step forward with respect to the evolution observed nowadays. Indeed, the current understanding of asset management is primarily supported by well-known standards. Nonetheless, asset management is still a young discipline and the knowledge developed by industry and academia is not set in stone yet. Furthermore, current trends in new organizational concepts and technologies lead to an evolutionary path in the field. Therefore, this book aims to discuss this evolutionary path, starting first of all from the consolidated theory, then moving forward to discuss:


• The strategic understanding of value-based asset management in a company;

•  An operational definition of value, as a concept on the background of value-based asset management;

• The identification of intelligent asset management, with the aim to frame a set of “tools” recommended to support the asset-related decision-making process over the asset lifecycle;

• The emergence of new technologies such as cyber physical systems and digital twins, and the implications of this on asset management.



Asset Management Intelligent Value Assets Management Total Cost of Ownership Digital Transformation Industry 4.0. Assets Management Systems Total value of Ownership Metrics

Editors and affiliations

  • Adolfo Crespo Márquez
    • 1
  • Marco Macchi
    • 2
  • Ajith Kumar Parlikad
    • 3
  1. 1.Department of Industrial ManagementSchool of Engineering of the University of SevilleSevilleSpain
  2. 2.Department of Management, Economics and Industrial EngineeringPolitecnico di MilanoMilanItaly
  3. 3.Department of EngineeringUniversity of CambridgeCambridgeUK

Bibliographic information

Industry Sectors
Chemical Manufacturing
Consumer Packaged Goods
Materials & Steel
Energy, Utilities & Environment
Oil, Gas & Geosciences