Michael Schenk, Frank Ryll

Empirically Based Asset Management Decision Support for Reliable and Cost Effective Asset Operation

Theory, Methodology, Practice

69-76

M41, G12

This article describes a method that supports asset management decision making so that complex
technical assets are operated reliably and cost effectively. It focuses on improving the foundations
of planning applied to formulate condition-based maintenance strategies. To this end, it presents a
novel empirically based method for determining wear allowances in technical assets. The
parameter of wear allowance is referenced to quantify current condition and anticipated changes
of condition as a function of asset utilization.

{
@ARTICLE { TMP201002-69,
AUTHOR = {Michael Schenk and Frank Ryll},
TITLE = {Empirically Based Asset Management Decision Support for Reliable and Cost Effective Asset Operation}
JOURNAL = {Theory, Methodology, Practice},
VOLUME = {6},
NUMBER = {02},
PAGES = {69-76},
YEAR = {2010}
}