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Defining Asset Health Indicators (AHI) to Support Complex Assets Maintenance and Replacement Strategies. A Generic Procedure to Assess Assets Deterioration

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Value Based and Intelligent Asset Management

Abstract

An Asset Health Index (AHI) is a tool that processes data about asset’s condition. That index is intended to explore if alterations can be generated in the health of the asset along its life cycle. These data can be obtained during the asset’s operation, but they can also come from other information sources such as geographical information systems, supplier’s reliability records, relevant external agent’s records, etc. The tool (AHI) provides an objective point of view in order to justify, for instance, the extension of an asset useful life, or in order to identify which assets from a fleet are candidates for an early replacement as a consequence of a premature aging. The purpose of this Chapter is to develop a generic procedure to easy obtaining an AHI that can reasonably measure the current degradation of the assets, offering the possibility to compare their status to the one expected for the at their age and functional location. As a result of the procedure, an organization will have an objective tool to prioritize interventions, attention and the renewal of significant equipment. In this Chapter we first review the concept and the most relevant models in the literature, then we introduce the methodology and different examples related to the different steps. Finally conclusions of the chapter are presented.

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Acknowledgements

This research work was performed within the context of Sustain Owner (‘Sustainable Design and Management of Industrial Assets through Total Value and Cost of Ownership’), a project sponsored by the EU Framework Program Horizon 2020, MSCA-RISE-2014: Marie Skłodowska-Curie Research and Innovation Staff Exchange (RISE) (grant agreement number 645733—Sustain-Owner—H2020-MSCA-RISE-2014); and the project “DESARROLLO DE PROCESOS AVANZADOS DE OPERACION Y MANTENIMIENTO SOBRE SISTEMAS CIBERO FISICOS (CPS) EN EL AMBITO DE LA INDUSTRIA 4.0”, Ministerio de Economía y Competitividad del Gobierno de España, Programa Estatal de I+D+i Orientado a los Retos de la Sociedad. (DPI2015-70842-R). Financed by ERDF (European Regional Development Fund).

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Correspondence to Adolfo Crespo Márquez .

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Crespo Márquez, A. et al. (2020). Defining Asset Health Indicators (AHI) to Support Complex Assets Maintenance and Replacement Strategies. A Generic Procedure to Assess Assets Deterioration. In: Crespo Márquez, A., Macchi, M., Parlikad, A. (eds) Value Based and Intelligent Asset Management. Springer, Cham. https://doi.org/10.1007/978-3-030-20704-5_4

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  • DOI: https://doi.org/10.1007/978-3-030-20704-5_4

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