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

Authors

  • Jan Rossouw Minnaar Department of Industrial Engineering Stellenbosch, South Africa
  • Wilandri Basson Department of Industrial Engineering Stellenbosch, South Africa
  • Pieter-Jan Vlok Department of Industrial Engineering Stellenbosch, South Africa

DOI:

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

Keywords:

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

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.

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Author Biographies

Jan Rossouw Minnaar, Department of Industrial Engineering Stellenbosch, South Africa

Masters student at Industrial Engineering department

Wilandri Basson, Department of Industrial Engineering Stellenbosch, South Africa

Masters student at Industrial Engineering department

Pieter-Jan Vlok, Department of Industrial Engineering Stellenbosch, South Africa

Associate professor at Industrial Engineering department

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Published

2013-11-30

How to Cite

Minnaar, J. R., Basson, W., & Vlok, P.-J. (2013). Quantitative methods required for implementing PAS 55 or the ISO 55000 series for asset management. The South African Journal of Industrial Engineering, 24(3), 98–111. https://doi.org/10.7166/24-3-576

Issue

Vol. 24 No. 3 (2013)

Section

General Articles

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