Servitization and Physical Asset Management

328 Pages·2018·22.357 MB·English

by  Michael John Provost (author)

SERVITIZATION AND
PHYSICAL ASSET
MANAGEMENT
An SAE Deep Dive
Michael J. Provost
Servitization and Physical
Asset Management

Servitization and Physical
Asset Management
Warrendale, Pennsylvania, USA
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SAE Order Number R-479
http://dx.doi.org/10.4271/R-479
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© 2019 SAE International v

contents
Preface xv
Acknowledgments xvii
List of Acronyms xix
CHAPTER 1
Introduction 1
A “Map” of the Book 1
What Are Assets? 2
Why Worry about Asset Management? 3
What Do We Need to Know about Our Assets? 3
How Do We Find Out What Is Happening? 3
What Is the Business Benefit? 4
Who Is in the Best Position to Carry Out Asset Management? 4
What Is Servitization? 5
Summary of the Book 5
References 7
Websites 7
CHAPTER 2
The Business Imperative 9
Introduction 9
Companies that Have Embraced Servitization 12
Problems and Issues with Making Services a Separate
Business Unit 16
The Importance of Human Factors 17
Strategy 18
Financial Evaluation and Modelling 19
The Value of In-Service Monitoring of Assets 20
Life Cycle Costing 23
Process Chain Network Analysis 25
Books and Papers 25
Consultant Papers 26
Cambridge Service Alliance 28
© 2019 SAE International vii
viii Contents
Aston Business School 33
Other UK Universities 35
Universities Outside the United Kingdom 37
References 38
Websites 56
Additional Material 58
References 58
Websites 62
CHAPTER 3
Modelling and Simulation 63
Introduction 63
Why Is Modelling and Simulation Useful? 63
Levels of Modelling 64
Simulation 65
Books and Papers 67
Some Useful Sources of Information for Specific
Disciplines and Equipment Types 67
General Mathematical Modelling 68
Modelling Tools 68
Reference Material 69
Aerodynamics, Fluid Mechanics, and Turbomachinery 69
Thermodynamics 70
Control Systems 70
Electrical Systems and Batteries 70
Heating, Ventilation, and Air Conditioning (HVAC) 70
Aeroengines and Gas Turbines 71
Aircraft 71
Automotive 72
Diesels and Turbocharging 72
Railways 73
Ships 73
Combined Heat and Power (CHP) 73
Fuel Cells 73
Pumps 74
Wind Turbines, Solar, and Renewable Energy 74
References 75
Websites 83
Additional Material 84
References 84
Websites 85
Contents ix
CHAPTER 4
Analysis 87
Introduction 87
Facets of Analysis 87
Difficulties with the Analysis Process 88
The “Traditional” Approach to Analysis 88
Iterative Analysis 89
An Alternative Approach to Analysis 91
Optimal Estimation and Kalman Filtering 93
The Kalman Filter Equations 94
Problems with the Kalman Filter 95
Books and Papers 95
References 96
Websites 98
Additional Material 98
Reference 98
CHAPTER 5
Observability 99
Introduction 99
Setting Up an Analysis 99
Generation of Exchange Rate Tables 100
Correlations Between Measurements 101
Inclusion of Sensor Bias 103
Correlations Between Component Performance Parameter
Changes and/or Sensor Biases 104
References 107
CHAPTER 6
Time Series Analysis 109
Introduction 109
Time Series Basics 109
Moving Average 111
Exponential Smoothing 112
Kalman Filtering 113
The Optimal Tracker 114
Improving the Optimal Tracker 115
Books and Papers 116