Quantitative methods required for implementing PAS 55 or the ISO 55000 series for asset management

Jan Rossouw Minnaar, Wilandri Basson, Pieter-Jan Vlok

Abstract


Asset management is an important part of any organisation, as it allows them to extract value from their assets. The publicly-available specification for asset management (PAS 55) outlines what a standardised asset management system should consist of. The newly-proposed series of standards from the International Organizations for Standardization (the ISO 55000 series) also aims to provide a standardised framework for an asset management system. Both of these documents, however, only tell organisations what should be done, not how to do it. This article provides an introductory overview of numerical tools that an organisation can use when implementing an asset management system, and provides resources for further reading.


Keywords


Asset Management; PAS 55; ISO 55000; numerical methods; numerical tools; quantitative analysis

Full Text:

PDF


DOI: https://doi.org/10.7166/24-3-576

Refbacks

  • There are currently no refbacks.




Copyright (c) 2015 The South African Journal of Industrial Engineering


ISSN 2224-7890 (on-line) ; ISSN 1012-277X (print)


Powered by OJS and hosted by Stellenbosch University Library and Information Service since 2011.


Disclaimer:

This journal is hosted by the SU LIS on request of the journal owner/editor. The SU LIS takes no responsibility for the content published within this journal, and disclaim all liability arising out of the use of or inability to use the information contained herein. We assume no responsibility, and shall not be liable for any breaches of agreement with other publishers/hosts.

SUNJournals Help