A Simplified Numerical Decision-Making Methodology For Physical Asset Management Decisions

Sulene Burnett, PJ Vlok

Abstract


The management of physical assets has become a popular field recently, and is acknowledged in many disciplines worldwide. Physical Asset Management (PAM) is a complex subject that requires the participation of many disciplines. Maintenance management, together with accurate and effective decisionmaking, is vital for achieving successful PAM.

The primary objective of this research project was to identify the possibility of simplifying maintenance-related decision-making. With the focus on numerical decision-making techniques, the secondary objective was to investigate the practicality and useability of combining appropriate techniques to create an easily useable and understandable methodology to support maintenance-related decisions.

The results confirm the practicality and useability of a simplified numerical decision-making methodology. By concentrating on the core operational questions related to maintenance, and by combining the most appropriate techniques, a simplified numerical decision-making methodology can ease the decision-making process on an operational level. This can accomplish successful PAM in a proactive, preventive and simplified manner.


Keywords


Physical Asset Management; Maintenance; Decision Making

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DOI: https://doi.org/10.7166/25-1-689

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