Skip to main content
SpringerLink
Log in

Asset, Risk and Maintenance Management

  • Chapter
  • First Online:
Risk-Based Maintenance for Electricity Network Organizations

Abstract

Firstly, this chapter starts in Sect. 2.2 by looking at asset management in the context of a business environment for asset intensive industries. As will be seen, asset management is an umbrella concept that may have different meanings to different practitioners depending on their context and viewpoint. A short history and the development of specifications and standards of asset management are then provided. Section 2.3 continues with considering risk management as a decision-making method within asset management. In fact, risk management is seen as a business-related managerial method for making complex asset-related information understandable, comparable and manageable when interpreted as a measure of risk. Sections 2.4 and 2.5 cover the core topic of this book, namely maintenance management. An overview of literature on maintenance tasks, policies and concepts is provided in Sect. 2.4. Section 2.5 briefly summarises the development and evolution of maintenance management in the last decades. As maintenance management has grown to become a complex aspect within the overall business context of network companies, it is shown that knowledge of essential supporting pillars for maintenance management is required. These are discussed in Sect. 2.5. This chapter comes to a close by drawing a number of concluding remarks and explaining the way forward for the remainder of this book.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 89.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 119.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Amadi-Echendu, J., Brown, K., Willet, R., & Mathew, J. (2010). Definitions, concepts and scope of engineering asset management. In: Definitions, concepts and scope of engineering asset management. Engineering asset management review (Vol. 1). London: Springer.

    Google Scholar 

  • Amadi-Echendu, J., Brown, K., Willet, R., & Mathew, J. (2012). Asset condition, information systems and decision models. In: Asset condition, information systems and decision models. Engineering asset management review (Vol. 2). London: Springer.

    Google Scholar 

  • Anon. (2014). ISO 55000: Asset management—Overview, principles and terminology. SL: ISO.

    Google Scholar 

  • Bajracharya, G. (2014). Multi-agent model-based optimization for future electrical grids (Ph.D. thesis). Delft University of Technology, Delft.

    Google Scholar 

  • Balzer, G., & Schorn, C. (2015). Asset management for infrastructure systems. In: Asset management for infrastructure systems (p. 285). Springer. ISBN 978-3-319-17879-0.

    Google Scholar 

  • Beukers, E. S., van Houwelingen, D., & Zonneveld, P. (2014). Risk based approach to spare parts problems with ageing infrastructure. SL, SN.

    Google Scholar 

  • Brown, R. E. (2010). Business essentials for utility engineers. Florida: CRC Press.

    Book  Google Scholar 

  • Brown, R. E., & Humphrey, B. G. (2005). Asset management for transmission and distribution. IEEE Power & Energy Magazine, 39–45.

    Google Scholar 

  • Buys, P., Houwelingen, van, D., & Coster, E. (2011). Replacement strategies for customer minutes lost reduction in medium voltage cable. Versailles, SN.

    Google Scholar 

  • CIGRE WG C1.1. (2006). Technical Brochure 309—Asset management of transmission systems and associated CIGRE activities. In: Technical Brochure 309—Asset management of transmission systems and associated CIGRE activities. France, Paris: CIGRE.

    Google Scholar 

  • CIGRE WG C1.16. (2010). Technical Brochure 422—Transmission asset risk management. France, Paris: CIGRE.

    Google Scholar 

  • CIGRE WG C1.25. (2013). Technical Brochure 541—Asset management decision making using different risk assessment. Paris: CIGRE.

    Google Scholar 

  • CIGRE WG B3.06. (2014). Technical Brochure 576—IT strategies for asset management of substations. France, Paris: CIGRE.

    Google Scholar 

  • Coster, E., Kerstens, W., & Berry, T. (2013). Self-healing distribution networks using smart controllers. Stockholm, SN.

    Google Scholar 

  • Fernandez, J. F. G., & Marquez, A. C. (2012). Maintenance management in network utilities—Framework & practical implementation. London: Springer.

    Book  Google Scholar 

  • Garg, A., & Deshmukh, S. G. (2006). Maintenance management: literature review and directions. Journal of Quality in Maintenance, 12(3), 205–238.

    Article  Google Scholar 

  • IEC White Paper. (2015). Strategic asset management of power networks. Geneva, Switzerland: International Electrotechnical Commission.

    Google Scholar 

  • IEC-60300-3-14:2004. (2004). Application guide—Maintenance and maintenance support. SL: IEC.

    Google Scholar 

  • ISO 31000:2009. (2009). Risk management—Principles and guidelines. SL: ISO.

    Google Scholar 

  • Jardine, A. K. S., & Tsang, A. H. C. (2013). Maintenance, replacement, and reliability: Theory and applications (2nd ed.). SL: CRC Press.

    Google Scholar 

  • Jones, R. B. (1995). Risk-based management: A reliability centered approach. In: Risk-based management: A reliability centered approach. New York: Gulf Publishing Company.

    Google Scholar 

  • Lei Lai, L. (2001). Power system restructuring and deregulation. Power system restructuring and deregulation. West Sussex, England: Wiley.

    Chapter  Google Scholar 

  • Manyika, J. et al. (2013). Disruptive technologies: Advances that will transform life, business, and the global economy. SL: McKinsey Global Institute.

    Google Scholar 

  • Mehairjan, R. P. Y. et al. (2014). Experience of online partial discharge monitoring on a wide-area medium voltage network. Jeju, South Korea, SN.

    Google Scholar 

  • Mehairjan, R. P., et al. (2012). Organisation-wide maintenance & inspection improvement plan. London: IET/IEEE.

    Google Scholar 

  • Moubray, J. (1997). Reliability-centered maintenance 2. In: Reliability-centered maintenance 2. The Netherlands: Elsevier Ltd.

    Google Scholar 

  • Nowland, F. S., & Heap, H. F. (1987). Reliability centered maintenance. SL: US Department of Commerce.

    Google Scholar 

  • Pharmatrisanti, A. (2012). Long term performance of gas-insulated switchgear operating under tropical conditions (Ph.D. thesis). Delft University of Technology, Delft.

    Google Scholar 

  • Pintelon, L., & van Puyvelde, F. (2013). Asset management—The maintenance perspective. In: Asset management—The maintenance perspective. Leuven, Belgium: Acco.

    Google Scholar 

  • Rijks, E., Sanchis, G., & Southwell, P. (2010). Asset management strategies for the 21st century. Electra, CIGRE, 248, 4–14.

    Google Scholar 

  • Smith, A. M. (1992). Reliability-centered maintenance. In: Reliability-centered maintenance. SL: McGraw-Hill.

    Google Scholar 

  • Soemeer, A. (2013). Optimized maintenance planning for transmission power systems (M.Sc. thesis). Delft University of Technology, Delft.

    Google Scholar 

  • The Institute of Asset Management (IAM). (2008). PAS 55-1: 2008 asset management. SL: British Standard Institution (BSI).

    Google Scholar 

  • The Institute of Asset Management (IAM). (2014). Asset management—An anatomy version 2. In: Asset management—An anatomy version 2. London: The Institute of Asset Management.

    Google Scholar 

  • van der Lei, T., Herder, P., & Wijnia, Y. (2012). Asset management: The state of the art in Europe from a life cycle perspective. In: Asset management: The state of the art in Europe from a life cycle perspective. SL: Springer, Netherlands.

    Google Scholar 

  • Wijnia, Y., & de Croon, J. (2014). The asset management process reference model for infrastructures. Pretoria, South Africa, SN.

    Google Scholar 

  • Wijnia, Y., de Croon, J., & Liyanage, J. P. (2011). Towards an asset management reference model: Basis for a unified approach. Cincinnati, USA, SN.

    Google Scholar 

  • Wijnia, Y., & Herder, P. M. (2009). The state of asset management in the Netherlands. Athens, SN.

    Google Scholar 

  • Wilson, A. (1999). Asset maintenance management: A guide to developing strategy and improving performance. In: Asset maintenance management: A guide to developing strategy and improving performance. New York: Industrial Press Inc.

    Google Scholar 

  • Woodhouse, J. (2014). Asset management decision-making: The SALVO process. Hampshire, UK: The Woodhouse Partnership Ltd. ISBN 978-0-9563934-7-0.

    Google Scholar 

  • Zaal, T. (2011). Profit-driven maintenance for physical assets. SL: Maj Engineering Publishing.

    Google Scholar 

  • Zhuang, Q. (2015). Managing risks in electrical infrastructure assets from a strategic perspective (Ph.D. thesis). Delft University of Technology (TU Delft), Delft.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Rotterdam, The Netherlands

    Ravish Preshant Yashraj Mehairjan

Authors
  1. Ravish Preshant Yashraj Mehairjan
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Ravish Preshant Yashraj Mehairjan .

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Springer International Publishing AG

About this chapter

Cite this chapter

Mehairjan, R.P.Y. (2017). Asset, Risk and Maintenance Management. In: Risk-Based Maintenance for Electricity Network Organizations. Springer, Cham. https://doi.org/10.1007/978-3-319-49235-3_2

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-49235-3_2

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-49234-6

  • Online ISBN: 978-3-319-49235-3

  • eBook Packages: EnergyEnergy (R0)

Publish with us

Policies and ethics

Search

Navigation