
Maintenance, Replacement, and Reliability
Description
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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.
This new edition can be used in undergraduate or post-graduate courses on physical asset management.
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Persons
Albert Tsang is former Principal Lecturer of the Department of Industrial & Systems Engineering at The Hong Kong Polytechnic University. Dr. Tsang studied at the University of Hong Kong and graduated with a BSc degree in Mechanical Engineering with first class honours. He later obtained his MSc degree in Industrial Engineering awarded by the same university. He received his MASc and PhD from the University of Toronto, and he is a registered engineer with working experience in the manufacturing industry covering functions such as industrial engineering, quality assurance, and project management. Dr. Tsang has published three books in the discipline of engineering asset management, namely Maintenance, Replacement, and Reliability: Theory & Applications, Maintenance Performance Management in Capital Intensive Organizations: Key to Optimizing Management of Physical Infrastructure Assets, and Reliability-Centred Maintenance: A Key to Maintenance Excellence. He is also the author of "WeibullSoft", a computer-aided self learning package on Weibull analysis.
Content
2. Component Replacement Decisions.
3. Inspection Decisions.
4. Capital Equipment Replacement Decisions.
5. Maintenance Resource Requirements.
6. The Role of Emerging Technologies in Physical Asset Management.
Appendix 1: Statistics Primer.
Appendix 2: Weibull Analysis.
Appendix 3: Maximum Likelihood Estimator.
Appendix 4: Markov Chains.
Appendix 5: Knowledge Elicitation.
Appendix 6: Time Value of Money: Discounted Cash Flow Analysis.
Appendix 7: List of Applications of Asset Management Decision Optimization Models.
Appendix 8: Ordinates of the Standard Normal Distribution.
Appendix 9: Areas in the Tail of the Standard Normal Distribution.
Appendix 10: Values of Gamma Function.
Appendix 11: Median Ranks Table.
Appendix 12: Five Percent Ranks Table.
Appendix 13: Ninety-Five Percent Ranks Table.
Appendix 14: Critical Values for the Kolmogorov-Smirnov Statistic (d?).
Appendix 15: Answers to Problems.
Index
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