Maintenance Replacement and Reliability

<p>Since the publication of the second edition in 2013 there has been an increasing interest in asset management globally as evidenced by a series of international standards on asset management systems to achieve excellence in asset management. This cannot be achieved without high-quality data and the tools for data interpretation. The importance of such requirements is widely recognized by industry. </p><p>The third edition of this textbook focuses on tools for physical asset management decisions that are data driven. It also uses a theoretical foundation to the tools (mathematical models) that can be used to optimize a variety of key maintenance/replacement/reliability decisions. Problem sets with answers are provided at the end of each chapter. Also available is an extensive set of PowerPoint slides and a solutions manual upon request with qualified textbook adoptions.</p><p>This new edition can be used in undergraduate or post-graduate courses on physical asset management.</p>