Is strategic asset management applicable to small and medium utilities?

Science.gov (United States)

Alegre, Helena

2010-01-01

Urban water infrastructures provide essential services to modern societies and represent a major portion of the value of municipal physical assets. Managing these assets rationally is therefore fundamental for the sustainability of the services and to the economy of societies. "Asset Management" (AM) is a modern term for an old practice--assets have always been managed. In recent years, significant evolution occurred in terms of the AM formal approaches, of the monitoring and decision support tools and of the implementation success cases. However, most tools developed are too sophisticated and data seek for small utilities. The European R&D network COST Action C18 ( E-mail: www.costc18.org) identified key research problems related to the management of urban water infrastructures, currently not covered by on-going projects of the European Framework Program. The top 1 topic is "Efficient management of small community". This paper addresses challenges and opportunities for small and medium utilities with regard to infrastructure AM (IAM). To put this into context, the first sections discuss the need for IAM, highlight key recent developments, and present IAM drivers, as well as research and development gaps, priorities and products needed.

24 CFR 990.270 - Asset management.

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Asset management. 990.270 Section... THE PUBLIC HOUSING OPERATING FUND PROGRAM Asset Management § 990.270 Asset management. As owners, PHAs have asset management responsibilities that are above and beyond property management activities. These...

Asset Management: A Maintenance Engineers View

NARCIS (Netherlands)

van Dongen, Leonardus Adriana Maria

2015-01-01

In the past, assets were designed in large construction teams but companies in recent decades focus more and more on their core activities. The management of capital goods is being organized in the (supply) chain of owners, users, manufacturers, research institutes, IT, service providers and so on.

Comprehensive transportation asset management : making a business case and prioritizing assets for inclusion in formal asset management programs.

Science.gov (United States)

2011-12-01

Several agencies are applying asset management principles as a business tool and paradigm to help them define goals and prioritize agency resources in decision making. Previously, transportation asset management (TAM) has focused more on big ticke...

KNOWLEDGE ASSETS IN SERVICES ACROSS INDUSTRIES AND ACROSS TIME

Directory of Open Access Journals (Sweden)

Erickson, G. Scott

2015-05-01

Full Text Available This paper explores the question of whether knowledge assets are more developed in services industries than in non-services. The concept of the “knowledge economy” has always gone hand-in-hand with growth in the percentage of the economy represented by services. Two multi-year, multi-industry datasets are used to directly compare the knowledge asset levels in service industry firms against those in non-service industry firms. Service industries do, indeed, reflect higher levels of intellectual capital in recent years, but did not do so a decade ago. Further, there is considerable evidence of changes in specific service and non-service industries over the time period, adding details to the finding that knowledge development is not static but does vary over time and circumstance. These results open up a number of promising research directions that could lead to a better understanding of the nature of these differing circumstances and how better strategic choices might be made regarding investments in knowledge management.

The Theoretical Underpinnings of Customer Asset Management

NARCIS (Netherlands)

R.N. Bolton; K.N. Lemo; P.C. Verhoef (Peter)

2002-01-01

textabstractMost research in customer asset management has focused on specific aspects of the value of the customer to the company. The purpose of this article is to propose an integrated framework ? called CUSAMS -- that enables service organizations to comprehensively assess the value of their

National water services asset management strategy for South Africa

CSIR Research Space (South Africa)

Wall, K

2007-05-01

Full Text Available stream_source_info Wall_2007.pdf.txt stream_content_type text/plain stream_size 17927 Content-Encoding UTF-8 stream_name Wall_2007.pdf.txt Content-Type text/plain; charset=UTF-8 1 0612 Wall IWA Inframan Malaysia 2nd... in developing countries" ("An IWA-supported conference under the auspices of the Specialist Group for Developing Countries") Session on "Management and policy issues" Theme "Asset management". Kuala Lumpur, Malaysia, May 2007 Abstract: South African...

ISO 55000: Creating an asset management system.

Science.gov (United States)

Bradley, Chris; Main, Kevin

2015-02-01

In the October 2014 issue of HEJ, Keith Hamer, group vice-president, Asset Management & Engineering at Sodexo, and marketing director at Asset Wisdom, Kevin Main, argued that the new ISO 55000 standards present facilities managers with an opportunity to create 'a joined-up, whole lifecycle approach' to managing and delivering value from assets. In this article, Kevin Main and Chris Bradley, who runs various asset management projects, examine the process of creating an asset management system.

Utility asset management : where you are, where you are going, knowing when you get there

International Nuclear Information System (INIS)

Johanson, R.G.

2002-01-01

Water and wastewater systems are one of the largest infrastructure assets a city can own. Cities are faced with a deteriorating infrastructure with a decreasing budget. A plan is needed to effectively manage this deterioration. New regulations and accounting requirements (CMOM - Capacity Management Operations and Management and GASB-34) are pushing utilities into asset management planning to manage their systems. An asset management plan provides a comprehensive assessment of the current condition of the utility and a projection of the cost required to meet standards of service. The capital asset management system provides a means to protect, maintain or improve the asset value of the water or sewer system (or any infrastructure) with planned maintenance and repair. (author)

Utility asset management : where you are, where you are going, knowing when you get there

Energy Technology Data Exchange (ETDEWEB)

Johanson, R.G. [GRW Engineers, Inc., Louisville, Kentucky (United States)]. E-mail: rjohanson@grwinc.com

2002-06-15

Water and wastewater systems are one of the largest infrastructure assets a city can own. Cities are faced with a deteriorating infrastructure with a decreasing budget. A plan is needed to effectively manage this deterioration. New regulations and accounting requirements (CMOM - Capacity Management Operations and Management and GASB-34) are pushing utilities into asset management planning to manage their systems. An asset management plan provides a comprehensive assessment of the current condition of the utility and a projection of the cost required to meet standards of service. The capital asset management system provides a means to protect, maintain or improve the asset value of the water or sewer system (or any infrastructure) with planned maintenance and repair. (author)

2014 World Congress on Engineering Asset Management

CERN Document Server

Hoohlo, Changela; Mathew, Joe

2015-01-01

Engineering asset management encompasses all types of engineered assets including built environment, infrastructure, plant, equipment, hardware systems and components. Following the release of ISO 5500x set of standards, the 9th WCEAM addresses the hugely important issue of what constitutes the body of knowledge in Engineering Asset Management. Topics discussed by Congress delegates are grouped into a number of tracks including strategies for investment and divestment of assets, operations and maintenance of assets, assessments of assets condition, risk and vulnerability, technologies and systems for management of asset, standards, education, training and certification. These proceedings include a sample of the wide range of topics presented during the 9th World Congress on Engineering Asset Management in Pretoria South Africa 28 – 31 October, 2014 and complements other emerging publications and standards that embrace the wide ranging issues concerning the management of engineered physical assets.

Electrical actuators in asset management systems; Elektrische Stellantriebe in Asset-Management-Systemen

Energy Technology Data Exchange (ETDEWEB)

Herbstritt, Michael [AUMA Riester GmbH und Co. KG, Muellheim (Germany)

2010-06-15

The terms ''asset management'' and ''life-cycle management'' are nowadays popularly used to designate modern plant management. In the case of complex systems such as process-engineering plants, time and effort are necessary before an idea can be translated into data clear to all the persons involved, however. A key role is played in this context by NAMUR. This article discusses the potential benefits of asset management for electrical actuators and similar field devices and the part played by the NAMUR recommendations. (orig.)

Adding intelligence to mobile asset management in hospitals: the true value of RFID.

Science.gov (United States)

Castro, Linda; Lefebvre, Elisabeth; Lefebvre, Louis A

2013-10-01

RFID (Radio Frequency Identification) technology is expected to play a vital role in the healthcare arena, especially in times when cost containments are at the top of the priorities of healthcare management authorities. Medical equipment represents a significant share of yearly healthcare operational costs; hence, ensuring an effective and efficient management of such key assets is critical to promptly and reliably deliver a diversity of clinical services at the patient bedside. Empirical evidence from a phased-out RFID implementation in one European hospital demonstrates that RFID has the potential to transform asset management by improving inventory management, enhancing asset utilization, increasing staff productivity, improving care services, enhancing maintenance compliance, and increasing information visibility. Most importantly, RFID allows the emergence of intelligent asset management processes, which is, undoubtedly, the most important benefit that could be derived from the RFID system. Results show that the added intelligence can be rather basic (auto-status change) or a bit more advanced (personalized automatic triggers). More importantly, adding intelligence improves planning and decision-making processes.

Three-dimensional GIS approach for management of assets

Science.gov (United States)

Lee, S. Y.; Yee, S. X.; Majid, Z.; Setan, H.

2014-02-01

Assets play an important role in human life, especially to an organization. Organizations strive and put more effort to improve its operation and assets management. The development of GIS technology has become a powerful tool in management as it is able to provide a complete inventory for managing assets with location-based information. Spatial information is one of the requirements in decision making in various areas, including asset management in the buildings. This paper describes a 3D GIS approach for management of assets. An asset management system was developed by integrating GIS concept and 3D model assets. The purposes of 3D visualization to manage assets are to facilitate the analysis and understanding in the complex environment. Behind the 3D model of assets is a database to store the asset information. A user-friendly interface was also designed for more easier to operate the application. In the application developed, location of each individual asset can be easily tracked according to the referring spatial information and 3D viewing. The 3D GIS approach described in this paper is certainly would be useful in asset management. Systematic management of assets can be carried out and this will lead to less-time consuming and cost-effective. The results in this paper will show a new approach to improve asset management.

Three-dimensional GIS approach for management of assets

International Nuclear Information System (INIS)

Lee, S Y; Yee, S X; Majid, Z; Setan, H

2014-01-01

Assets play an important role in human life, especially to an organization. Organizations strive and put more effort to improve its operation and assets management. The development of GIS technology has become a powerful tool in management as it is able to provide a complete inventory for managing assets with location-based information. Spatial information is one of the requirements in decision making in various areas, including asset management in the buildings. This paper describes a 3D GIS approach for management of assets. An asset management system was developed by integrating GIS concept and 3D model assets. The purposes of 3D visualization to manage assets are to facilitate the analysis and understanding in the complex environment. Behind the 3D model of assets is a database to store the asset information. A user-friendly interface was also designed for more easier to operate the application. In the application developed, location of each individual asset can be easily tracked according to the referring spatial information and 3D viewing. The 3D GIS approach described in this paper is certainly would be useful in asset management. Systematic management of assets can be carried out and this will lead to less-time consuming and cost-effective. The results in this paper will show a new approach to improve asset management

Solar Asset Management Software

Energy Technology Data Exchange (ETDEWEB)

Iverson, Aaron [Ra Power Management, Inc., Oakland, CA (United States); Zviagin, George [Ra Power Management, Inc., Oakland, CA (United States)

2016-09-30

Ra Power Management (RPM) has developed a cloud based software platform that manages the financial and operational functions of third party financed solar projects throughout their lifecycle. RPM’s software streamlines and automates the sales, financing, and management of a portfolio of solar assets. The software helps solar developers automate the most difficult aspects of asset management, leading to increased transparency, efficiency, and reduction in human error. More importantly, our platform will help developers save money by improving their operating margins.

Asset management trends and challenges

Energy Technology Data Exchange (ETDEWEB)

Rijks, E. [Continuon, Arnhem (Netherlands); Ford, G.L. [PowerNex Associates Inc., Toronto, ON (Canada); Sanchis, G. [Reseau de Transport d' Electricite, Paris (France)

2007-07-01

Recent business and regulatory changes in the electric power industry have affected the operation of electric utilities. Most have accepted competition and commercialization. Various strategies have emerged as companies strive to improve performance and retain profitability in an environment where competition or regulatory pressure is reducing revenues at a time when customer expectation is increasing. As focus shifts away from engineering excellence towards commercial performance, the new business ideology for electric utilities is to optimize asset management. This paper identified asset management technology trends, opportunities and challenges. Although many utilities are currently comfortable with their existing asset management processes, regulators are increasingly scrutinizing utilities as they seek approval for rates and investments in aging infrastructure. Much more rigorous financial analysis methods are needed to justify the large investments that are needed. In addition, the credibility of the processes and methods used by utilities will be increasingly questioned. In recognition of the growing importance of asset management, several initiatives have been launched to provide forums for sharing information and to provide a unifying force to asset management methods. The International Council on Large Electric Systems (CIGRE) was one of the first to recognize the importance of asset management. This paper summarized recent CIGRE activities as well as the developments of publicly available specification (PAS) 55 in the United Kingdom. It was concluded that utilities that adopt standardized approaches will be more credible in the eyes of regulatory authorities. 3 refs., 4 figs.

Asset management: the big picture.

Science.gov (United States)

Deinstadt, Deborah C

2005-10-01

To develop an comprehensive asset management plan, you need, first of all, to understand the asset management continuum. A key preliminary step is to thoroughly assess the existing equipment base. A critical objective is to ensure that there are open lines of communication among the teams charged with managing the plan's various phases.

Managing corporate assets to maximize value

International Nuclear Information System (INIS)

Rubin, L.

1992-01-01

As the utility industry environment becomes more complex, pressures grow for managers to make more effective use of all their assets - including fuel, equipment, and personnel. Improving the management of assets leads to the delivery of greater value to ratepayers, stockholders, and society. EPRI is sponsoring a broad research program to help utilities effectively apply the tools needed in these changing business conditions, especially the latest in cost and quality management and asset management techniques

Asset management guide : focusing on the management of our transit investments.

Science.gov (United States)

2012-10-01

To advance transit asset management, this guide provides a transit-specific asset management framework for managing assets indi-vidually and as a portfolio of assets that comprise an integrated system. The guide provides flexible, yet targeted guidan...

A pathway to a more sustainable water sector: sustainability-based asset management.

Science.gov (United States)

Marlow, D R; Beale, D J; Burn, S

2010-01-01

The water sectors of many countries are faced with the need to address simultaneously two overarching challenges; the need to undertake effective asset management coupled with the broader need to evolve business processes so as to embrace sustainability principles. Research has thus been undertaken into the role sustainability principles play in asset management. As part of this research, a series of 25 in-depth interviews were undertaken with water sector professionals from around Australia. Drawing on the results of these interviews, this paper outlines the conceptual relationship between asset management and sustainability along with a synthesis of the relevant opinions voiced in the interviews. The interviews indicated that the participating water authorities have made a strong commitment to sustainability, but there is a need to facilitate change processes to embed sustainability principles into business as usual practices. Interviewees also noted that asset management and sustainability are interlinked from a number of perspectives, especially in the way decision making is undertaken with respect to assets and service provision. The interviews also provided insights into the research needed to develop a holistic sustainability-based asset management framework.

Experience with the ASSET service in Slovakia

International Nuclear Information System (INIS)

Misak, J.

1996-01-01

The experience with the ASSET service in Slovakia is described, including the following: ASSET follow-up mission to Bohunice Unit 1-2 NPP; IAEA peer review of the national Incident Reporting System in the Slovak Republic; ASSET seminar on prevention of incidents, Bratislava, January 8-12, 1996

Experience with the ASSET service in Slovakia

Energy Technology Data Exchange (ETDEWEB)

Misak, J [Nuclear Regulatory Authority, Bratislava (Slovakia)

1997-12-31

The experience with the ASSET service in Slovakia is described, including the following: ASSET follow-up mission to Bohunice Unit 1-2 NPP; IAEA peer review of the national Incident Reporting System in the Slovak Republic; ASSET seminar on prevention of incidents, Bratislava, January 8-12, 1996.

Approaches of Improving University Assets Management Efficiency

Science.gov (United States)

Wang, Jingliang

2015-01-01

University assets management, as an important content of modern university management, is generally confronted with the issue of low efficiency. Currently, to address the problems exposed in university assets management and take appropriate modification measures is an urgent issue in front of Chinese university assets management sectors. In this…

Nuclear industry strategic asset management: Managing nuclear assets in a competitive environment

International Nuclear Information System (INIS)

Mueller, H.; Hunt, E.W. Jr.; Oatman, E.N.

1999-01-01

The former Electric Power Research Institute took the lead in developing an approach now widely known as strategic asset management (SAM). The SAM methodology applies the tools of decision/risk analysis used in the financial community to clarify effective use of physical assets and resources to create value: to build a clear line of sight to value creation. SAM processes have been used in both the power and other industries. The rapid change taking place in the nuclear business creates the need for competitive decision making regarding the management of nuclear assets. The nuclear industry is moving into an era in which shareholder value is determined by the net revenues earned on power marketed in a highly competitive and frequently low-priced power market environment

Asset Management as a Precondition for Knowledge Management

International Nuclear Information System (INIS)

Bajramovic, E.; Waedt, K.; Gupta, D.; Gao, Y.; Parekh, M.

2016-01-01

Full text: Smart sensors and extensively configurable devices are gradually imposed by the automation market. Except for safety systems, they find their way into the next instrumentation and control (I&C) generation. The understanding and handling of these devices require an extensive knowledge management (KM). This will be outlined for security, testing and training. For legacy systems, security often relates to vetting and access control. For digital devices, a refined asset management is needed, e.g., down to board-level support chipsets. Firmware and system/application software have their own configurations, versions and patch levels. So, here, as a first step of the KM, a user needs to know the firmware configurability. Then, trainings can address when to apply patches, perform regression tests and on what to focus, based on accumulated experience. While assets are often addressed implicitly, this document justifies an explicit and semiformal representation of primary and supporting assets (the asset portfolio) and the establishment of an asset management system as a basis for a robust knowledge management. (author

Asset management program

International Nuclear Information System (INIS)

Wison, P.; Newman, G.

2013-01-01

In order to understand our assets we have been assessing the condition of the units in our nuclear power plants developing asset life management options on a component by component basis. We have concluded that with the right work and planning we will be able to manage the units in a way that balances capacity requirements over the long term and at the same time manage the demand on critical resources. Major component replacement outages include Installing/removing bulkheads, pressure tube and calandria tube replacement, feeder replacement, steam generator replacement, supporting facilities and infrastructure, reactor inspections and maintenance including tooling enhancements, additional non reactor systems inspection & testing and continued research and analysis. These plans will have to take into account cost, resource and capacity requirements.

On the management and operation of enterprises intangible asset

Science.gov (United States)

Zhu, Yu; Wang, Hong

2011-10-01

Since entering the knowledge economy, the management of intangible assets becomes an important part of manage, this article discusses the problem of management on intangible assets, the properties of intangible assets, and the channels of management and operation on intangible assets, and stressed the important role of intangible assets in the development and innovation of the enterprise.

Computer Based Asset Management System For Commercial Banks

Directory of Open Access Journals (Sweden)

Amanze

2015-08-01

Full Text Available ABSTRACT The Computer-based Asset Management System is a web-based system. It allows commercial banks to keep track of their assets. The most advantages of this system are the effective management of asset by keeping records of the asset and retrieval of information. In this research I gather the information to define the requirements of the new application and look at factors how commercial banks managed their asset.

49 CFR 639.33 - Management of leased assets.

Science.gov (United States)

2010-10-01

... 49 Transportation 7 2010-10-01 2010-10-01 false Management of leased assets. 639.33 Section 639.33..., DEPARTMENT OF TRANSPORTATION CAPITAL LEASES Lease Management § 639.33 Management of leased assets. Each recipient must maintain an inventory of capital assets acquired by standard FTA project management...

24 CFR 990.290 - Compliance with asset management requirements.

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Compliance with asset management... URBAN DEVELOPMENT THE PUBLIC HOUSING OPERATING FUND PROGRAM Asset Management § 990.290 Compliance with asset management requirements. (a) A PHA is considered in compliance with asset management requirements...

7th World Congress on Engineering Asset Management

CERN Document Server

Choi, Byeongkuen; Ma, Lin; Mathew, Joseph

2015-01-01

These proceedings comprise 60 refereed papers of the Seventh World Congress on Engineering Asset Management (WCEAM) that was held in Deajeon City, Korea from 8-9 October 2012. The material is a compilation of state-of-the-art papers in the field covering a comprehensive range of subjects that are equally relevant to business managers and engineering professionals alike. Proceedings of the 7th World Congress on Engineering Asset Management (WCEAM 2012): Towards Integration and Interoperability in EAM covers a wide range of topics in the discipline of engineering asset management, including: ·         strategic asset management ·         condition monitoring and diagnostics ·         integrated intelligent maintenance ·         sensors and devices ·         information quality & management; ·         sustainability in asset management ·         asset performance and knowledge management ·         data mining and AI techniques in asset m...

Asset management methodology in NPP Cofrentes

International Nuclear Information System (INIS)

Galbally, D.; Feijo, J. P.; Sierra, M.

2011-01-01

The Cofrentes asset management plan is articulated around the tool SIGAN (computer management system of nuclear assets), this tool allows you to structure in an objective and documented the investment plan aimed at modernization and management of the plant life, achieving a consensus among the parties involved in terms of planning development and implementation.

Proceedings: 2001 Nuclear Asset Management Workshop

International Nuclear Information System (INIS)

2002-01-01

The fourth annual EPRI Nuclear Asset Management Workshop helped decision makers at all levels of nuclear enterprises to keep informed about developing nuclear asset management (NAM) processes, methods, and tools. The goal is to operate nuclear plants with enhanced profitability, while maintaining safety

Risiko Likuiditas Bank dan Asset Liabilities Management

OpenAIRE

Lesmana, Iwan

2007-01-01

Uquidity is of critical importance to companies in the banking services sector. Most failures of financialintermediaries have occured in large part due to insufficient liquidity resulting from adverse circumstances.Goldman Sachs has in piace a comprehensive set of liquidity and funding policies that are intended tomaintain significant flexibility to address specific and broader industry or market liquidity events.In asset liabilities mal1agement or liquidity management, liquidity risk is mana...

Managing terminology assets in Electronic Health Records.

Science.gov (United States)

Abrams, Kelly; Schneider, Sue; Scichilone, Rita

2009-01-01

Electronic Health Record (EHR)systems rely on standard terminologies and classification systems that require both Information Technology (IT) and Information Management (IM) skills. Convergence of perspectives is necessary for effective terminology asset management including evaluation for use, maintenance and intersection with software applications. Multiple terminologies are necessary for patient care communication and data capture within EHRs and other information management tasks. Terminology asset management encompasses workflow and operational context as well as IT specifications and software application run time requirements. This paper identifies the tasks, skills and collaboration of IM and IT approaches for terminology asset management.

A proposed change to the NASA strategy for servicing space assets

Science.gov (United States)

Levin, George C.

1989-01-01

Given the limitations of the present Shuttle manifest, it is necessary for NASA to consider revision of its previous strategy for servicing satellites. This is particularly important in a period of tight budgets, when space assets will be difficult to replace. Therefore on-orbit assets take on additional value and keeping these assets operational will take on added importance. The key to maintaining these assets will be the long term strategy of developing a remote servicing capability which is space based and has a minimum reliance on the Shuttle. Such a strategy will require that the users of this servicing system design serviceable spacecraft at a high level and that these assets be located in or be capable of reaching orbits that are accessible to or compatible with the proposed servicing infrastructure. The infrastructure required to support this type of remote servicing architecture and the development of the necessary systems, tools, and procedures required to support a remote servicing architecture of this type are addressed.

A PERFORMANCE MANAGEMENT MODEL FOR PHYSICAL ASSET MANAGEMENT

Directory of Open Access Journals (Sweden)

J.L. Jooste

2012-01-01

Full Text Available

ENGLISH ABSTRACT: There has been an emphasis shift from maintenance management towards asset management, where the focus is on reliable and operational equipment and on effective assets at optimum life-cycle costs. A challenge in the manufacturing industry is to develop an asset performance management model that is integrated with business processes and strategies. The authors developed the APM2 model to satisfy that requirement. The model has a generic reference structure and is supported by operational protocols to assist in operations management. It facilitates performance measurement, business integration and continuous improvement, whilst exposing industry to the latest developments in asset performance management.

AFRIKAANSE OPSOMMING: Daar is ‘n klemverskuiwing vanaf onderhoudsbestuur na batebestuur, waar daar gefokus word op betroubare en operasionele toerusting, asook effektiewe bates teen optimum lewensikluskoste. ‘n Uitdaging in die vervaardigingsindustrie is die ontwikkeling van ‘n prestasiemodel vir bates, wat geïntegreer is met besigheidsprosesse en –strategieë. Die outeurs het die APM2 model ontwikkel om in hierdie behoefte te voorsien. Die model het ‘n generiese verwysingsstruktuur, wat ondersteun word deur operasionele instruksies wat operasionele bestuur bevorder. Dit fasiliteer prestasiebestuur, besigheidsintegrasie en voortdurende verbetering, terwyl dit die industrie ook blootstel aan die nuutste ontwikkelinge in prestasiebestuur van bates.

A model for efficient management of electrical assets

International Nuclear Information System (INIS)

Alonso Guerreiro, A.

2008-01-01

At the same time that energy demand grows faster than the investments in electrical installations, the older capacity is reaching the end of its useful life. The need of running all those capacity without interruptions and an efficient maintenance of its assets, are the two current key points for power generation, transmission and distribution systems. This paper tries to show the reader a model of management which makes possible an effective management of assets with a strict control cost, and which includes those key points, centred at predictive techniques, involving all the departments of the organization and which goes further on considering the maintenance like a simple reparation or substitution of broken down units. Therefore, it becomes precise a model with three basic lines: supply guarantee, quality service and competitively, in order to allow the companies to reach the current demands which characterize the power supply. (Author) 5 refs

Employing asset management to control costs and sustain highway levels of service : volumes I and II.

Science.gov (United States)

2014-02-01

This project investigated the impact of varying two elements of pavement, bridge, and mobility asset management on the long term networklevel : performance of those assets. The first element was the condition at which restorative treatments are tr...

Optimising investment in asset management using the multivariate asset management assessment topography

Directory of Open Access Journals (Sweden)

Bam, Wouter Gideon

2014-08-01

Full Text Available The multivariate asset management assessment topography (MAMAT was developed to quantify, and represent graphically, development, adoption, and performance of a business’ asset management (AM systems, as described by standards such as PAS 55. The MAMAT provides a way to visualise clearly the strengths and weaknesses of a business’ asset management system. Building on MAMAT, a model describing the relationship between the commitment of resources and the corresponding improvement in the MAMAT assessment outcome is proposed. The goal is to develop an optimisation model that will maximise financial benefits by improving the MAMAT assessment score achieved by a business, while minimising the investment required to attain this improvement. This is achieved by determining the optimal allocation of resources to the different subcategories of the MAMAT assessment framework. The multi-objective cross-entropy method (MOO CEM is used to find the Pareto set of solutions for this problem. In order to showcase the intended industry application and use of the optimisation model, a hypothetical case study is executed and described in this paper. From this application, it was found that the MOO CEM finds useful solutions that can support the implementation of standards such as PAS 55 by prioritising and assigning resources to implementation activities.

The model of asset management of commercial banks

OpenAIRE

Shaymardanov, Shakhzod; Nuriddinov, Sadriddin; Mamadaliev, Donierbek; Murodkhonov, Mukhammad

2018-01-01

The main objective of the commercial bank's policy in the sphere of asset and liability management is to maintain the optimal structure of assets and liabilities, ensure the compliance of amounts, terms and currency of attracting and allocating resources. The objectives and principles of asset and liability management are based on the bank's strategy and the fundamental principles of the risk management policy.

Evaluation of the Effect of Non-Current Fixed Assets on Profitability and Asset Management Efficiency

Science.gov (United States)

Lubyanaya, Alexandra V.; Izmailov, Airat M.; Nikulina, Ekaterina Y.; Shaposhnikov, Vladislav A.

2016-01-01

The purpose of this article is to investigate the problem, which stems from non-current fixed assets affecting profitability and asset management efficiency. Tangible assets, intangible assets and financial assets are all included in non-current fixed assets. The aim of the research is to identify the impact of estimates and valuation in…

Managing Government Property Assets: The Main Issues From The Malaysian Perspective

Directory of Open Access Journals (Sweden)

Shardy Abdullah

2011-09-01

Full Text Available The Malaysian federal government is largely responsible towards providing several facilities to the community. The development of various types of property assets which encompasses buildings and infrastructure such as office buildings, roads, bridges and others, has proved that the government is really committed in executing its responsibility. From time to time, the number of property assets that were developed by the government is increasing parallel with the government's desire to stabilize its service quality. Nevertheless, in managing those property assets, the government currently is facing a mixture of problems and pitfalls such as the increase of property management and maintenance costs, the occurrence of incompatible maintenance programs, underutilization of property, end-user dissatisfaction and others. Following this scenario, the study was done with the main objective is to determine the management factors that are hindering the implementation of property management activities. A total of 67 respondents from ministries and technical departments were selected. The data was collected through a survey using questionnaire forms. The collected data was then analyzed using quantitative approaches such as frequency analysis method, mean analysis, relative important index as well as others. Results from the analysis show that there are 5 main management issues in managing Malaysian government owned property assets. Those issues are lack of proper property unit/department within a ministry, lack of expertise, lack of proper strategies, lack of proper management procedure and lack of IT usage.

Space assets, technology and services in support of energy policy

Science.gov (United States)

Vasko, C. A.; Adriaensen, M.; Bretel, A.; Duvaux-Bechon, I.; Giannopapa, C. G.

2017-09-01

Space can be used as a tool by decision and policy makers in developing, implementing and monitoring various policy areas including resource management, environment, transport, security and energy. This paper focuses on the role of space for the energy policy. Firstly, the paper summarizes the European Union's (EU) main objectives in energy policy enclosed in the Energy Strategy 2020-2030-2050 and demonstrates how space assets can contribute to achieving those objectives. Secondly, the paper addresses how the European Space Agency (ESA) has established multiple initiatives and programs that directly finance the development of space assets, technology and applications that deliver services in support of the EU energy policy and sector. These efforts should be continued and strengthened in order to overcome identified technological challenges. The use of space assets, technology and applications, can help achieve the energy policy objectives for the next decades.

75 FR 70966 - Transit Asset Management (TAM) Pilot Program

Science.gov (United States)

2010-11-19

... DEPARTMENT OF TRANSPORTATION Federal Transit Administration Transit Asset Management (TAM) Pilot... Management (TAM) systems and ``best practices'', which can be replicated to improve transportation asset... with asset management system suppliers; however the official proposer must be a public agency. The TAM...

Asset management guide : focusing on the management of our transit investments [updated November 2016].

Science.gov (United States)

2016-11-01

To advance transit asset management, this guide provides a transit-specific asset management framework for managing assets individually and as a portfolio of assets that comprise an integrated system. The guide provides flexible, yet targeted guidanc...

National infrastructure asset management strategy: a recipe for acceleration towards efficiency

CSIR Research Space (South Africa)

Manus, N

2009-05-01

Full Text Available The Department of Water Affairs and Forestry (DWAF) has for a number of years been in the process of formulating the numerous layers of a national water services infrastructure asset management (IAM) strategy. Earlier work included: a "scan...

Asset Management Guidebook for Safety and Operations

Science.gov (United States)

2012-09-01

A primary product of this research was the Asset Management Guidebook that TxDOT division and district : personnel can use to help them define, develop, and implement asset management across all levels : particularly as it relates to establishing ...

Tapping the Value Potential of Extended Asset Services - Experiences from Finnish Companies

Science.gov (United States)

Kortelainen, Helena; Hanski, Jyri; Valkokari, Pasi; Ahonen, Toni

2017-09-01

Recent developments in information technology and business models enable a wide variety of new services for companies looking for growth in services. Currently, manufacturing companies have been actively developing and providing novel asset based services such as condition monitoring and remote control. However, there is still untapped potential in extending the service delivery to the long-term co-operative development of physical assets over the whole lifecycle. Close collaboration with the end-customer and other stakeholders is needed in order to understand the value generation options. In this paper, we assess some of the asset services manufacturing companies are currently developing. The descriptions of the asset services are based on the results of an industrial workshop in which the companies presented their service development plans. The service propositions are compared with the Total Cost of Ownership and the closed loop life cycle frameworks. Based on the comparison, gaps that indicate potential for extended asset service concepts are recognised. In conclusion, we argue that the manufacturing companies do not recognise the whole potential for asset based services and for optimizing the performance of the end customers' processes.

Fully distributed monitoring architecture supporting multiple trackees and trackers in indoor mobile asset management application.

Science.gov (United States)

Jeong, Seol Young; Jo, Hyeong Gon; Kang, Soon Ju

2014-03-21

A tracking service like asset management is essential in a dynamic hospital environment consisting of numerous mobile assets (e.g., wheelchairs or infusion pumps) that are continuously relocated throughout a hospital. The tracking service is accomplished based on the key technologies of an indoor location-based service (LBS), such as locating and monitoring multiple mobile targets inside a building in real time. An indoor LBS such as a tracking service entails numerous resource lookups being requested concurrently and frequently from several locations, as well as a network infrastructure requiring support for high scalability in indoor environments. A traditional centralized architecture needs to maintain a geographic map of the entire building or complex in its central server, which can cause low scalability and traffic congestion. This paper presents a self-organizing and fully distributed indoor mobile asset management (MAM) platform, and proposes an architecture for multiple trackees (such as mobile assets) and trackers based on the proposed distributed platform in real time. In order to verify the suggested platform, scalability performance according to increases in the number of concurrent lookups was evaluated in a real test bed. Tracking latency and traffic load ratio in the proposed tracking architecture was also evaluated.

Spectral decomposition of optimal asset-liability management

NARCIS (Netherlands)

Decamps, M.; de Schepper, A.; Goovaerts, M.

2009-01-01

This paper concerns optimal asset-liability management when the assets and the liabilities are modeled by means of correlated geometric Brownian motions as suggested in Gerber and Shiu [2003. Geometric Brownian motion models for assets and liabilities: from pension funding to optimal dividends.

IAEA ASSET service - A KANUPP perspective

Energy Technology Data Exchange (ETDEWEB)

Abdul Ghafoor, M [Karachi Nuclear Power Plant (Pakistan)

1997-12-31

IAEA has been providing ASSET Service since 1986. It is a mechanism for drawing and disseminating specific and generic lesson from a significant event. Like many other operating organizations, KANUPP has also benefited from its in-depth technical exchange experience which has resulted in significant improvement in the level of operation safety. The ASSET mission, which visited KANUPP in connection with fuelling machine locking problem in 1989, triggered many actions which were responsible for improvement of overall safety of the plant.

IAEA ASSET service - A KANUPP perspective

International Nuclear Information System (INIS)

Abdul Ghafoor, M.

1996-01-01

IAEA has been providing ASSET Service since 1986. It is a mechanism for drawing and disseminating specific and generic lesson from a significant event. Like many other operating organizations, KANUPP has also benefited from its in-depth technical exchange experience which has resulted in significant improvement in the level of operation safety. The ASSET mission, which visited KANUPP in connection with fuelling machine locking problem in 1989, triggered many actions which were responsible for improvement of overall safety of the plant

A multi-objective sustainable model for transportation asset management practices : final report.

Science.gov (United States)

2015-12-01

Transportation Asset Management (TAM) practices has gained popularity in the United States and worldwide with the aim to provide the required level of service for the transportation infrastructure network in the most cost-effective manner. However, T...

Managing intangible assets

NARCIS (Netherlands)

Schoemaker, M.J.R.; Jonker, J.

2005-01-01

- Purpose – To develop a concept of managing intangible assets in contemporary organisations. Insight is given into the rise of the network organisation and the importance of talent, social capital and identity in this kind of organisation. - Design/methodology/approach – This paper develops a

Proactive pavement asset management with climate change aspects

Science.gov (United States)

Zofka, Adam

2018-05-01

Pavement Asset Management System is a systematic and objective tool to manage pavement network based on the rational, engineering and economic principles. Once implemented and mature Pavement Asset Management System serves the entire range of users starting with the maintenance engineers and ending with the decision-makers. Such a system is necessary to coordinate agency management strategy including proactive maintenance. Basic inputs in the majority of existing Pavement Asset Management System approaches comprise the actual pavement inventory with associated construction history and condition, traffic information as well as various economical parameters. Some Pavement Management System approaches include also weather aspects which is of particular importance considering ongoing climate changes. This paper presents challenges in implementing the Pavement Asset Management System for those National Road Administrations that manage their pavement assets using more traditional strategies, e.g. worse-first approach. Special considerations are given to weather-related inputs and associated analysis to demonstrate the effects of climate change in a short- and long-term range. Based on the presented examples this paper concludes that National Road Administrations should account for the weather-related factors in their Pavement Management Systems as this has a significant impact on the system outcomes from the safety and economical perspective.

Asset life cycle plans: twelve steps to assist strategic decision-making in asset life cycle management

NARCIS (Netherlands)

Ruitenburg, Richard Jacob; Braaksma, Anne Johannes Jan; van Dongen, Leonardus Adriana Maria; Carnero, Maria Carmen; Gonzalez-Prida, Vicente

2017-01-01

Effective management of physical assets should deliver maximum business value. Therefore, Asset Management standards such as PAS 55 and ISO 55000 ask for a life cycle approach. However, most existing methods focus only on the short term of the asset's life or the estimation of its remaining life.

Digital asset management.

Science.gov (United States)

Humphrey, Clinton D; Tollefson, Travis T; Kriet, J David

2010-05-01

Facial plastic surgeons are accumulating massive digital image databases with the evolution of photodocumentation and widespread adoption of digital photography. Managing and maximizing the utility of these vast data repositories, or digital asset management (DAM), is a persistent challenge. Developing a DAM workflow that incorporates a file naming algorithm and metadata assignment will increase the utility of a surgeon's digital images. Copyright 2010 Elsevier Inc. All rights reserved.

Sustainable construction building performance simulation and asset and maintenance management

CERN Document Server

2016-01-01

This book presents a collection of recent research works that highlight best practice solutions, case studies and practical advice on the implementation of sustainable construction techniques. It includes a set of new developments in the field of building performance simulation, building sustainability assessment, sustainable management, asset and maintenance management and service-life prediction. Accordingly, the book will appeal to a broad readership of professionals, scientists, students, practitioners, lecturers and other interested parties.

IMPLEMENTATION OF ASSET MANAGEMENT IN ROAD ADMINISTRATION OF SLOVAK REPUBLIC

Directory of Open Access Journals (Sweden)

Ľubomír Pepucha

2014-03-01

Full Text Available The article presents basic principles and solutions for the application of Asset Management as part of road administration in Slovakia. It deals with application of Assets management methods and best practices of global trends in road maintenance, repair and rehabilitation strategies. An effective public Asset Management combines principles and strategies of asset management used in private sector with sound practices and methods proven to be applicable by public road administrator and his digital information systems. The under-funding of road management leads to development of tools and methods, which enable us to define criteria for establishing priorities for investments into road assets.

IT Asset Management System -

Data.gov (United States)

Department of Transportation — ITAMS provides a web frontend for the managing of all HW Assets lifecycle data purchased by ATO since 2006. In addition it contains much of our Enterprise SW license...

MaROS: Information Management Service

Science.gov (United States)

Allard, Daniel A.; Gladden, Roy E.; Wright, Jesse J.; Hy, Franklin H.; Rabideau, Gregg R.; Wallick, Michael N.

2011-01-01

This software is provided by the Mars Relay Operations Service (MaROS) task to a variety of Mars projects for the purpose of coordinating communications sessions between landed spacecraft assets and orbiting spacecraft assets at Mars. The Information Management Service centralizes a set of functions previously distributed across multiple spacecraft operations teams, and as such, greatly improves visibility into the end-to-end strategic coordination process. Most of the process revolves around the scheduling of communications sessions between the spacecraft during periods of time when a landed asset on Mars is geometrically visible by an orbiting spacecraft. These relay sessions are used to transfer data both to and from the landed asset via the orbiting asset on behalf of Earth-based spacecraft operators. This software component is an application process running as a Java virtual machine. The component provides all service interfaces via a Representational State Transfer (REST) protocol over https to external clients. There are two general interaction modes with the service: upload and download of data. For data upload, the service must execute logic specific to the upload data type and trigger any applicable calculations including pass delivery latencies and overflight conflicts. For data download, the software must retrieve and correlate requested information and deliver to the requesting client. The provision of this service enables several key advancements over legacy processes and systems. For one, this service represents the first time that end-to-end relay information is correlated into a single shared repository. The software also provides the first multimission latency calculator; previous latency calculations had been performed on a mission-by-mission basis.

Portfolio management fees: assets or profits based compensation?

OpenAIRE

Gil-Bazo, Javier

2001-01-01

This paper compares assets-based portfolio management fees to profits-based fees. Whilst both forms of compensation can provide appropriate risk incentives, fund managers' limited liability induces more excess risk-taking under a profits-based fee contract. On the other hand, an assets-based fee is more costly to investors. In Spain, where the law explicitly permits both forms of retribution, assets-based fees are observed far more frequently. Under this type of compensation, the paper provid...

AASHTO transportation asset management guide : a focus on implementation executive summary.

Science.gov (United States)

2013-06-01

This AASHTO Transportation Asset Management Executive Summary serves as a companion to the AASHTO Transportation : Asset Management GuideA Focus on Implementation, which takes as a starting point the Transportation : Asset Management Guide publish...

GE Hitachi's parts asset management solutions (PAMS)

International Nuclear Information System (INIS)

Varno, M.; Lancaster, K.; Detamore, B.; Dinh, H.; Danielsson, J.; Vitaback, F.

2014-01-01

To ensure operational excellence and improve plant reliability, GE Hitachi Nuclear Energy (GEH) has partnered with its customers to develop PARTS Asset Management Solutions (PAMS). PAMS is a comprehensive set of services that enable plants to proactively manage inventory, obtain after-market replacement parts quickly, and resolve obsolescence issues, ensuring operation of equipment is maintained. PAMS includes: - Electronics Exchange Service Program (EESP) - On-demand exchange service program for GE electronics parts that guarantees rapid shipment of parts, results in cost savings and eliminates all obsolescence risk. - Engineering Services (ES) - Service that finds replacement electronics parts for customers encountering obsolescence. - System Assessment Report (SAR) - Comprehensive, customised report for customer systems that provides all information needed to minimise part availability risk. - Inventory Management (IM) - Visual application based on OEM drawings and decades of industry operational experience that enables customers to proactively identify obsolescence and inventory management issues. - Material Solutions (MS) - Fixed price and lead time model that allows the customer to set-up blanket contracts or purchase orders for obtaining needed parts with a focus on reduced overall cycle time. This paper will provide an overview of PAMS and showcase a case study of the PAMS Digitized deployment for an existing GEH customer. (authors)

When asset management and organizations meet: accounting for employee experiences

NARCIS (Netherlands)

Schraven, Daan; Hartmann, Andreas; Dewulf, Geert P.M.R.

2015-01-01

For some time, organisations have encountered challenges when implementing asset management, particularly when closing the gap between how the asset management is understood by employees and how they support it in practice. Maturity models, common applied evaluations for implementing asset

BIM: enabling sustainability and asset management through knowledge management.

Science.gov (United States)

Kivits, Robbert Anton; Furneaux, Craig

2013-11-10

Building Information Modeling (BIM) is the use of virtual building information models to develop building design solutions and design documentation and to analyse construction processes. Recent advances in IT have enabled advanced knowledge management, which in turn facilitates sustainability and improves asset management in the civil construction industry. There are several important qualifiers and some disadvantages of the current suite of technologies. This paper outlines the benefits, enablers, and barriers associated with BIM and makes suggestions about how these issues may be addressed. The paper highlights the advantages of BIM, particularly the increased utility and speed, enhanced fault finding in all construction phases, and enhanced collaborations and visualisation of data. The paper additionally identifies a range of issues concerning the implementation of BIM as follows: IP, liability, risks, and contracts and the authenticity of users. Implementing BIM requires investment in new technology, skills training, and development of new ways of collaboration and Trade Practices concerns. However, when these challenges are overcome, BIM as a new information technology promises a new level of collaborative engineering knowledge management, designed to facilitate sustainability and asset management issues in design, construction, asset management practices, and eventually decommissioning for the civil engineering industry.

The new caring: financial asset management and older people.

Science.gov (United States)

Tilse, Cheryl; Wilson, Jill; Setterlund, Deborah; Rosenman, Linda

2007-10-01

Increasing longevity and the growing proportion of the aged in the population in most countries have served to focus on the question of how governments and older people can finance living, health, and care options in retirement. Prudent management of income and assets is an increasingly complex and important aspect of aging as assets and expectations of self-financing increase. Although many informal caregivers act as asset managers and/or substitute decision-makers for older people, little attention has been paid to this increasingly important aspect of care. This paper summaries key findings of a broad research program exploring family involvement in the management of older people's assets and the practices that constitute good practice as well as financial mismanagement and abuse. It identifies multi-level and multi-strategy responses needed to address the issues raised by the research and outlines an innovative community demonstration project aimed at improving financial management practices in relation to older people's assets.

Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project

OpenAIRE

Ruitenburg, Richard; Braaksma, Anne Johannes Jan

2017-01-01

Asset Life Cycle Management is a strategic approach to managing physical assets over their complete life cycle. However, the literature and the recent ISO 55,000 standard do not offer guidance as to how to develop such an approach. This paper investigates the main capabilities for Asset Life Cycle Management by means of a four year Action Research project implementing Asset Life Cycle Plans. Five main capabilities emerged: 1. strategic information use; 2. alignment of operations and strategy;...

Continued Learning in Asset Management for the Dutch Transport Network

NARCIS (Netherlands)

Volker, L.; Van der Lei, T.E.; Van den Boom, M.; Van der Velde, J.; Wessels, P.; Ligtvoet, A.; Herder, P.M.

2012-01-01

Asset management aims at improving the overall performance of assetintensive industries by making and executing systematic and highest value decisions about the use and care of assets. To assist organizations to improve their asset management performance, maturity models can be used. In this paper

10th World Congress on Engineering Asset Management

CERN Document Server

Kortelainen, Helena; Aaltonen, Jussi; Uusitalo, Teuvo; Komonen, Kari; Mathew, Joseph; Laitinen, Jouko

2016-01-01

This book comprises refereed papers from the 10th World Congress on Engineering Asset Management (WCEAM 2015), held in Tampere, Finland in September 2015. These proceedings include a compilation of state-of-the-art papers covering a comprehensive range of subjects equally relevant to business managers and engineering professionals alike. With a focus on various aspects of engineering asset management ranging from strategic level issues to detail-level machine health issues, these papers address both industry and public sector concerns and issues, as well as advanced academic research. Proceedings of the WCEAM 2015 is an excellent reference and resource for asset management practitioners, researchers and academics, as well as undergraduate and postgraduate students at tertiary institutions or in the industry.

Optimizing the Banking Activity Using Assets & Liabilities Management

Directory of Open Access Journals (Sweden)

Vasile Dedu

2008-10-01

Full Text Available In the actual study, starting from the international experience, we revealed the role that should be taken by the Assets and Liabilities Committee (ALCO within the Romanian commercial banks. ALCO became one of the tools used by the executive management of the banks to take decisions regarding the future policy of assets and liabilities management, relying on the synthetic information prepared by well trained technicians but without voting right (usually middle management staff. We consider that the implementation of an assets and liabilities management strategy cannot be done without an appropriate corporate governance structure, even though the bank is having highly specialized staff. Models of some western banking institutions may be considered as benchmarks by the Romanian banks.

Implementace Asset managementu

OpenAIRE

Fuxa, Lukáš

2016-01-01

Tato diplomová práce obsahuje návrh implementace Asset managementu do ServiceNow v nejmenované nadnárodní společnosti. Cílem diplomové práce je analýza požadavku společnosti a nalezení vhodného řešení implementace Asset managementu v rámci stávajících nástrojů. Závěrem zhodnotím, zda je možné vybraný nástroj využít. This master’s thesis contains proposal to implementation Asset management to ServiceNow in unnamed multinational company. The aim of this master’s thesis is analysis of company...

Italian asset management companies: products and governance

OpenAIRE

Arcuri, Maria Cristina

2013-01-01

The importance of the asset management sector has prompted many studies to highlight the need to promote its growth and development. This is even more so following the recent financial crisis, considered by many authors the most severe recession after World War II. Contributions existing in literature have emphasized the importance of investigating the corporate governance system of the Asset Management Companies (AMCs), considering that the Italian financial system is characterized by a "...

BIM: Enabling Sustainability and Asset Management through Knowledge Management

Directory of Open Access Journals (Sweden)

Robbert Anton Kivits

2013-01-01

Full Text Available Building Information Modeling (BIM is the use of virtual building information models to develop building design solutions and design documentation and to analyse construction processes. Recent advances in IT have enabled advanced knowledge management, which in turn facilitates sustainability and improves asset management in the civil construction industry. There are several important qualifiers and some disadvantages of the current suite of technologies. This paper outlines the benefits, enablers, and barriers associated with BIM and makes suggestions about how these issues may be addressed. The paper highlights the advantages of BIM, particularly the increased utility and speed, enhanced fault finding in all construction phases, and enhanced collaborations and visualisation of data. The paper additionally identifies a range of issues concerning the implementation of BIM as follows: IP, liability, risks, and contracts and the authenticity of users. Implementing BIM requires investment in new technology, skills training, and development of new ways of collaboration and Trade Practices concerns. However, when these challenges are overcome, BIM as a new information technology promises a new level of collaborative engineering knowledge management, designed to facilitate sustainability and asset management issues in design, construction, asset management practices, and eventually decommissioning for the civil engineering industry.

BIM: Enabling Sustainability and Asset Management through Knowledge Management

Science.gov (United States)

2013-01-01

Building Information Modeling (BIM) is the use of virtual building information models to develop building design solutions and design documentation and to analyse construction processes. Recent advances in IT have enabled advanced knowledge management, which in turn facilitates sustainability and improves asset management in the civil construction industry. There are several important qualifiers and some disadvantages of the current suite of technologies. This paper outlines the benefits, enablers, and barriers associated with BIM and makes suggestions about how these issues may be addressed. The paper highlights the advantages of BIM, particularly the increased utility and speed, enhanced fault finding in all construction phases, and enhanced collaborations and visualisation of data. The paper additionally identifies a range of issues concerning the implementation of BIM as follows: IP, liability, risks, and contracts and the authenticity of users. Implementing BIM requires investment in new technology, skills training, and development of new ways of collaboration and Trade Practices concerns. However, when these challenges are overcome, BIM as a new information technology promises a new level of collaborative engineering knowledge management, designed to facilitate sustainability and asset management issues in design, construction, asset management practices, and eventually decommissioning for the civil engineering industry. PMID:24324392

Incentive structures in institutional asset management and their implications for financial markets

OpenAIRE

Bank for International Settlements

2003-01-01

Executive summary The institutional asset management industry has become an important feature of modern financial markets, with the scale of this business's importance readily apparent from the size of assets under management by different types of institutional asset managers. With asset management involving a delegation process, shaping appropriate incentive structures is essential for aligning the incentives of owners of funds with those of the institutional managers of these funds. Further...

Integrated Space Asset Management Database and Modeling

Science.gov (United States)

MacLeod, Todd; Gagliano, Larry; Percy, Thomas; Mason, Shane

2015-01-01

Effective Space Asset Management is one key to addressing the ever-growing issue of space congestion. It is imperative that agencies around the world have access to data regarding the numerous active assets and pieces of space junk currently tracked in orbit around the Earth. At the center of this issues is the effective management of data of many types related to orbiting objects. As the population of tracked objects grows, so too should the data management structure used to catalog technical specifications, orbital information, and metadata related to those populations. Marshall Space Flight Center's Space Asset Management Database (SAM-D) was implemented in order to effectively catalog a broad set of data related to known objects in space by ingesting information from a variety of database and processing that data into useful technical information. Using the universal NORAD number as a unique identifier, the SAM-D processes two-line element data into orbital characteristics and cross-references this technical data with metadata related to functional status, country of ownership, and application category. The SAM-D began as an Excel spreadsheet and was later upgraded to an Access database. While SAM-D performs its task very well, it is limited by its current platform and is not available outside of the local user base. Further, while modeling and simulation can be powerful tools to exploit the information contained in SAM-D, the current system does not allow proper integration options for combining the data with both legacy and new M&S tools. This paper provides a summary of SAM-D development efforts to date and outlines a proposed data management infrastructure that extends SAM-D to support the larger data sets to be generated. A service-oriented architecture model using an information sharing platform named SIMON will allow it to easily expand to incorporate new capabilities, including advanced analytics, M&S tools, fusion techniques and user interface for

Signal systems asset management state-of-the-practice review

Science.gov (United States)

2004-04-01

The purpose of this project is to obtain a better understanding of operations-level asset management by examining the specific case of signal systems. Key products will include: a synthesis of existing signal systems asset management practices; a gen...

A rural transit asset management system

Science.gov (United States)

2005-01-01

This reports the research undertaken to create an interactive, geographic information system based asset management system for the Alabama Department of Transportation to manage vehicles purchased and operated through Section 5310 and 5311 federal gr...

Asset Management Recovery after the Disater: State of Knowledge

Directory of Open Access Journals (Sweden)

Sapri Maimunah

2016-01-01

Full Text Available Asset, infrastructure and business can be destroyed in a split seconds. It only takes a minute for natural disasters such as flood, hurricane and others to happen that will stop the business process and destroying the business as well as their assets. Late response towards the disaster will bring disastrous impact not only to the people but also the social and economic of the impacted people and area. It is therefore important for the organization to ensure speedy recovery of the disaster’s impact such as the assets in an effort to ensure the business survival and facilitating societal and economic recovery. Therefore this paper examines the state of knowledge in relation to the asset management recovery especially after the disaster. Following to that, this paper will discuss the literatures involves in asset management recovery such as disaster management and business continuity plan (BCP. Towards the end, this paper suggests that the effect of lack of planning in asset management recovery will lead to an untold damage towards the community, organization as well as the business, taking months or even years to rectify. In some cases, businesses are shut down for goods due to loss data as well as other emerge problems cause by the disaster.

Research and design on system of asset management based on RFID

Science.gov (United States)

Guan, Peng; Du, HuaiChang; Jing, Hua; Zhang, MengYue; Zhang, Meng; Xu, GuiXian

2011-10-01

By analyzing the problems in the current assets management, this thesis proposing RFID technology will be applied to asset management in order to improve the management level of automation and information. This paper designed the equipment identification based on 433MHz RFID tag and reader which was deeply studied on the basis of RFID tag and card reader circuits, and this paper also illustrates the system of asset management. The RS232 converts Ethernet is a innovative technology to transfer data to PC monitor software, and implement system of asset management based on WEB techniques (PHP and MySQL).

Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project

NARCIS (Netherlands)

Ruitenburg, Richard; Braaksma, Anne Johannes Jan

2017-01-01

Asset Life Cycle Management is a strategic approach to managing physical assets over their complete life cycle. However, the literature and the recent ISO 55,000 standard do not offer guidance as to how to develop such an approach. This paper investigates the main capabilities for Asset Life Cycle

Integrated outage management: Leveraging utility system assets including GIS and AMR for optimum outage response

Energy Technology Data Exchange (ETDEWEB)

Finamore, E. P.

2004-02-01

The control of electrical system outages is discussed. The principal argument advanced is that traditional stand-alone methods of outage response will no longer get the job done without utility companies integrating their outage management systems with other system assets such as GIS (geographic information system) and AMR (advanced metering systems). Many meter reading systems, while primarily supporting customer billing, can also provide outage alarm and some are also capable of service restoration notification, which is an invaluable benefit to service operators since it obviates the need for verifying system restoration by labour-intensive on-site visits or customer call-backs. If successfully leveraged, optimization of all utility assets and improvements in labour productivity can results in improved outage management performance gains without affecting performance in other areas.

ISO 55001 STANDART IN ASSET MANAGEMENT AND THE ROLE OF INFORMATION TECHNOLOGIES

Directory of Open Access Journals (Sweden)

İsa COŞKUN

2017-09-01

Full Text Available Asset management is an area of reseach which isimportant for any business that desires to obtain value from assets, and it has become an international standard with the ISO 55000 Asset Management Standard Series published in 2014. With the developing technology, assets reached high material values and resulted in significant investments for businesses. Therefore using assets effectively during their lifecycles has become a necessity for sustainable businesses. In this study, importance of asset management standards and the role of information technologies in managing related processes have been discussed in detail by conducting a comprehensive literature review. Considering that the ISO 55000 standard series are still very recent and there are limited number of companies with certification in Turkey, the study contributes to asset management literature bu simultaneously handling both the systems and information technology perspectives.

Agility in asset management, or: how to be flexible with assets designed for stability

NARCIS (Netherlands)

Ruitenburg, Richard Jacob; Braaksma, Anne Johannes Jan; van Dongen, Leonardus Adriana Maria

2016-01-01

Agility is increasingly important in manufacturing. However, thus far little attention has been paid to the agility of the physical assets used in production, which are typically designed for decades of operation in a stable context. This paper investigates the topic of agile Asset Management using

Effectiveness of infrastructure asset management: challenges for public agencies

NARCIS (Netherlands)

Schraven, Daan; Hartmann, Andreas; Dewulf, Geert P.M.R.

2011-01-01

Purpose: The aim of this research is to better understand the decisions in infrastructure asset management at public agencies and the challenges of these agencies to improve the effectiveness of their decision making. Design/methodology/approach: Based on a literature review on asset management at

ASSET MANAGEMENT STANDARD FOR THE WIND POWER INDUSTRY

OpenAIRE

Frank, Fabian

2016-01-01

The consolidation of the wind power industry in the last years requires companies to optimize their performance of the delivery of the wind energy asset’s lifecycle they cover in order to stay in the market. The Asset Management Standard ISO 55000 is a general framework applicable for companies which work with infrastructure assets. As the delivery of wind energy assets is very specific in all aspects of its lifecycle delivery, the Thesis identifies that there is a need for an Asset Managemen...

A Case Study of Risk Informed Asset Management (RIAM) for Nuclear Power Plant

International Nuclear Information System (INIS)

Lee, Gyoung Cheol; Jeong, Yong Hoon; Chang, Soon Heung; Chung, Dae Wook

2006-01-01

Recently, the concern for Nuclear Asset Management (NAM) is increasing in nuclear industry. Asset Management is management of the financial assets of a company in order to maximize return. However, asset management in the nuclear industry is needed for coincidental consideration of nuclear safety and risk. Over fast several years, efforts for development of safety concerned and financial asset maximizing method, process and tools have been continued internationally. Risk Informed Asset Management (RIAM) is a methodology, process, and (eventually) software tool by which analyst review historical performance and develop predictive logic models and data analyses to provide plant manager and company decision-makers critical quantitative performance indicators

Contingency Factors Influencing Implementation of Physical Asset Management Practices

Directory of Open Access Journals (Sweden)

Maletič Damjan

2017-02-01

Full Text Available Purpose: The purpose of this empirical study is to examine the role of two contingency factors, i.e. uncertainty and competitiveness in relation to physical asset management (PAM practices as well as to maintenance key performance indicators. The research is based on a premise that PAM, which was defined by risk management practices, performance assessment practices, life cycle management practices, and policy & strategy practices, has become an indispensable element of strategic thinking of asset owners as well as maintenance and asset managers. The purpose of this study is to advance the understanding of how organizations that face high or low level of uncertainty and competitiveness respond in terms of PAM deployment.

VALUE-BASED APPROACH TO MANAGING CURRENT ASSETS OF CORPORATE CONSTRUCTION COMPANIES

Directory of Open Access Journals (Sweden)

Galyna Shapoval

2017-09-01

Full Text Available In modern conditions of management, the value of an enterprise becomes the main indicator, which is learned not only by scientists, but also by owners of enterprise and potential investors. Current assets take a very important place among the factors that affect the value of an enterprise, so management of current assets becomes more acute from the point of their impact on enterprise value. The purpose of the paper is to develop a system of value-based management of corporate construction companies’ current assets. The main tasks are: the study of current assets impact on the value of corporate construction companies, the definition of value-based approach to managing current assets of corporate enterprises and development of value-based management system of corporate construction companies’ current assets by elements. General scientific and special research methods were used while writing the work. Value-based management of current assets involves value-based management of the elements of current assets. The value-based inventory management includes the following stages of management: the assessment of reliability and choice of supplier according to the criterion of cash flow maximization, the classification of stocks in management accounting according to the rhythm of supply and the establishment of periodicity of supplies in accordance with the needs of the construction process. The value-based management of accounts receivable includes the following stages of management: assessment of the efficiency of investment of working capital into accounts receivable, the assessment of customers' loyalty and the definition of credit conditions and monitoring of receivables by construction and debt instruments. Value-based cash management involves determining the required level of cash to ensure the continuity of the construction process, assessing the effectiveness of cash use according to the criterion of maximizing cash flow, as well as budget

Developing formal asset management plans

Science.gov (United States)

2014-06-01

This report highlights key recommendations and best practices identified at the peer exchange on Transportation Asset Management Plans (TAMP), held on February 5 and 6, 2014, in Columbia, South Carolina. This event was sponsored by the Transportation...

Managerial Stress Management as an Asset in People Management Being a Marketing Strategy Element

Directory of Open Access Journals (Sweden)

Branislav Radnović

2013-07-01

Full Text Available Any service organization operating under turbulent market conditions must have a successful marketing strategy. A successful marketing strategy implies proper management of all elements within a marketing mix: service package, price, distribution channels, promotion, service process, service ambience and people. People, i.e. primarily the employed within an organization are one of the elements that must be appropriately considered when drawing up and implementing a marketing strategy. Proper personnel management must nowadays include good management of managerial stress. Adequate managerial stress management is preconditioned by successful identification of sources of managerial stress. The aim of this paper is to present the importance of proper and timely identification of sources of managerial stress. The paper demonstrates the carried out scientific research based on a method that is universal for all types of organizations, regardless of their type and activity, in order to precisely identify the sources of managerial stress and define its proper management, as an asset in people management, which is an element of marketing strategy. The research was conducted using a survey, sampling 100 employees in 13 organizations throughout Serbia. Survey results indicated that the most important sources of managerial stress are: participation in decision-making, selection process, earnings, and time and deadlines pressure. Therefore, recommendations are provided for directing identified sources of managerial stress towards successful management of people as an element of marketing strategy.

Development of transportation asset management decision support tools : final report.

Science.gov (United States)

2017-08-09

This study developed a web-based prototype decision support platform to demonstrate the benefits of transportation asset management in monitoring asset performance, supporting asset funding decisions, planning budget tradeoffs, and optimizing resourc...

Research on asset management for safety and operations.

Science.gov (United States)

2011-11-01

The Texas Department of Transportation (TxDOT) is challenged with managing a wide range of : transportation safety and operations assets in order to respond to public and other outside interests. These : assets include, but are not limited to pavemen...

77 FR 2297 - Office of Asset and Transportation Management; Privately Owned Vehicle Mileage Reimbursement Rates

Science.gov (United States)

2012-01-17

... of Asset and Transportation Management; Privately Owned Vehicle Mileage Reimbursement Rates AGENCY... Bulletin 12-02, Calendar Year (CY) 2012 Privately Owned Vehicle Mileage Reimbursement Rates. SUMMARY: The General Services Administration's (GSA) annual privately owned vehicle (POV) mileage reimbursement rate...

Managing Risks in Electrical Infrastructure Assets from a Strategic Perspective

NARCIS (Netherlands)

Zhuang, Q.

2015-01-01

Should risks always be quantified before being managed? The answer is “yes” in the opinion of most asset managers in today’s electricity transmission and distribution companies, but “no” in modern theories of risk management. When the risks refer to reliability hazards of high-voltage assets, the

The 5C model: A new approach to asset integrity management

International Nuclear Information System (INIS)

Rahim, Yousif; Refsdal, Ingbjorn; Kenett, Ron S.

2010-01-01

As organizations grow more complex in operation and more global in scope, assets and technical integrity become key success factors. A company's asset integrity business process needs to be mapped in order to 1) provide a proper overview of operation and business processes, 2) identify all critical interfaces and 3) ensure that all gaps and overlaps in processes are eliminated. Achieving asset integrity requires companies to sustain their activities and identify the hazards, weaknesses and objectives of their strategic assets. Technical integrity emphasizes a complete overview of technical conditions and related information, and the ability of the companies to document the technical state of its assets. It is based on an integrated view of the current state of operations, and the identification of all critical interfaces, in order to ensure that all gaps and unnecessary overlaps in processes are eliminated. Companies look increasingly at their asset integrity management system as a means to extend the life of their assets, beyond the original design conditions and production capacity. Establishing an asset integrity management system requires the documentation of the company's technical integrity management, a strategy and the processes for carrying it out, identifying gaps; selecting corrective interventions and conducting follow up actions. The paper discusses various aspects of asset integrity management, including its planning and implementation. We begin with an introduction to asset technical integrity, provide some theoretical backgrounds, present a model we call 5C and conclude with a summary and discussion.

An Asset Management System for School Buildings in Quebec

Science.gov (United States)

Gerbasi, Dino; Marchand, Gilles

2005-01-01

Presented here are the major reasons why an asset management system (AMS) is needed, a brief history of their evolution and a description of the initiative undertaken by Quebec to implement such a system. The appendix contains the recommended basic requirements for an asset management system. (Contains 1 figure and 4 footnotes.)

Asset liability management using stochastic programming

OpenAIRE

Pirbhai, M; Mitra, G; Kyriakis, T

2003-01-01

This chapter sets out to explain an important financial planning model called asset liability management (ALM); in particular, it discusses why in practice, optimum planning models are used. The ability to build an integrated approach that combines liability models with that of asset allocation decisions has proved to be desirable and more efficient in that it can lead to better ALM decisions. The role of uncertainty and quantification of risk in these planning models is con...

New Trends in Facility Asset Management.

Science.gov (United States)

Adams, Matt

2000-01-01

Explains new, positive trends in facility asset management that encompasses greater acceptance and involvement of facility managers in the financial planning process, greater awareness of the need for maintenance, and facility administrators taking a greater role with business officers. The new climate for alternative renewal financing proposals…

Management of capital assets by local governments: an assessment and benchmarking survey

OpenAIRE

KAGANOVA, Olga; TELGARSKY, Jeffrey

2018-01-01

There is a growing recognition of the importance of government-owned capital assets, both conceptually and in practice, in large part due to the 2008 global financial crisis. However, a sizeable gap remains between the academic and professional “universe of knowledge” surrounding government asset management, and the actual asset management practiced by governments. In particular, the majority of governments around the world are wholly uninformed when it comes to good asset management. The pur...

Defining Ecosystem Assets for Natural Capital Accounting.

Science.gov (United States)

Hein, Lars; Bagstad, Ken; Edens, Bram; Obst, Carl; de Jong, Rixt; Lesschen, Jan Peter

2016-01-01

In natural capital accounting, ecosystems are assets that provide ecosystem services to people. Assets can be measured using both physical and monetary units. In the international System of Environmental-Economic Accounting, ecosystem assets are generally valued on the basis of the net present value of the expected flow of ecosystem services. In this paper we argue that several additional conceptualisations of ecosystem assets are needed to understand ecosystems as assets, in support of ecosystem assessments, ecosystem accounting and ecosystem management. In particular, we define ecosystems' capacity and capability to supply ecosystem services, as well as the potential supply of ecosystem services. Capacity relates to sustainable use levels of multiple ecosystem services, capability involves prioritising the use of one ecosystem service over a basket of services, and potential supply considers the ability of ecosystems to generate services regardless of demand for these services. We ground our definitions in the ecosystem services and accounting literature, and illustrate and compare the concepts of flow, capacity, capability, and potential supply with a range of conceptual and real-world examples drawn from case studies in Europe and North America. Our paper contributes to the development of measurement frameworks for natural capital to support environmental accounting and other assessment frameworks.

Defining Ecosystem Assets for Natural Capital Accounting

Science.gov (United States)

Hein, Lars; Bagstad, Ken; Edens, Bram; Obst, Carl; de Jong, Rixt; Lesschen, Jan Peter

2016-01-01

In natural capital accounting, ecosystems are assets that provide ecosystem services to people. Assets can be measured using both physical and monetary units. In the international System of Environmental-Economic Accounting, ecosystem assets are generally valued on the basis of the net present value of the expected flow of ecosystem services. In this paper we argue that several additional conceptualisations of ecosystem assets are needed to understand ecosystems as assets, in support of ecosystem assessments, ecosystem accounting and ecosystem management. In particular, we define ecosystems’ capacity and capability to supply ecosystem services, as well as the potential supply of ecosystem services. Capacity relates to sustainable use levels of multiple ecosystem services, capability involves prioritising the use of one ecosystem service over a basket of services, and potential supply considers the ability of ecosystems to generate services regardless of demand for these services. We ground our definitions in the ecosystem services and accounting literature, and illustrate and compare the concepts of flow, capacity, capability, and potential supply with a range of conceptual and real-world examples drawn from case studies in Europe and North America. Our paper contributes to the development of measurement frameworks for natural capital to support environmental accounting and other assessment frameworks. PMID:27828969

Defining ecosystem assets for natural capital accounting

Science.gov (United States)

Hein, Lars; Bagstad, Kenneth J.; Edens, Bram; Obst, Carl; de Jong, Rixt; Lesschen, Jan Peter

2016-01-01

In natural capital accounting, ecosystems are assets that provide ecosystem services to people. Assets can be measured using both physical and monetary units. In the international System of Environmental-Economic Accounting, ecosystem assets are generally valued on the basis of the net present value of the expected flow of ecosystem services. In this paper we argue that several additional conceptualisations of ecosystem assets are needed to understand ecosystems as assets, in support of ecosystem assessments, ecosystem accounting and ecosystem management. In particular, we define ecosystems’ capacity and capability to supply ecosystem services, as well as the potential supply of ecosystem services. Capacity relates to sustainable use levels of multiple ecosystem services, capability involves prioritising the use of one ecosystem service over a basket of services, and potential supply considers the ability of ecosystems to generate services regardless of demand for these services. We ground our definitions in the ecosystem services and accounting literature, and illustrate and compare the concepts of flow, capacity, capability, and potential supply with a range of conceptual and real-world examples drawn from case studies in Europe and North America. Our paper contributes to the development of measurement frameworks for natural capital to support environmental accounting and other assessment frameworks.

Metadata for the description of broadcast assets

DEFF Research Database (Denmark)

Efthimiadis, Efthimis N.; Mai, Jens Erik; Burrows, Paul E.

2003-01-01

The Corporation for Public Broadcasting (CPB) and public broadcasters consider Media Asset Management (MAM) of critical importance since without a concerted and cooperative plan to manage their vast library of content, broadcasters are unable to reach their potential for service in the digital age....... The concerns for Media Asset Management, human and technical, are myriad. Media Asset Management is the framework upon which many of the largest technology projects will be built, including the future interconnection system between and among CPB member stations. It is CPB's hope that its licensees...... and their partners in university, museum, and library communities, will work together to contribute to Media Asset Management solutions. These issues are not unique to Public Broadcasters. Similar issues are faced by all networks at different levels of complexity. This panel will present efforts by broadcasters...

Integrated Facilities Management and Fixed Asset Accounting.

Science.gov (United States)

Golz, W. C., Jr.

1984-01-01

A record of a school district's assets--land, buildings, machinery, and equipment--can be a useful management tool that meets accounting requirements and provides appropriate information for budgeting, forecasting, and facilities management. (MLF)

Operations Research Approaches to Asset Management in Freight Rail

DEFF Research Database (Denmark)

Gorman, Michael F.; Harrod, Steven

2011-01-01

This article describes operations research methodologies as they apply to asset management in freight rail. We describe state-of-the-art methods for locomotive, crew, railcar, line and yard planning and management. We conclude with emerging areas of research in rail.......This article describes operations research methodologies as they apply to asset management in freight rail. We describe state-of-the-art methods for locomotive, crew, railcar, line and yard planning and management. We conclude with emerging areas of research in rail....

Suggestion for a Framework for a Sustainable Infrastructure Asset Management Manual in Korea

OpenAIRE

Lee, Sang-Ho; Park, Sanghoon; Kim, Jong

2015-01-01

This study proposes a framework for an infrastructure asset management manual containing infrastructure asset management processes and operation techniques, which can be adjusted by different ordering authorities to develop their own manuals. The following conclusions were drawn in this study. First, the justification for implementation of asset management was examined through analysis of changes and status of asset management in domestic infrastructure, and the current status and insufficien...

Time Consistent Strategies for Mean-Variance Asset-Liability Management Problems

Directory of Open Access Journals (Sweden)

Hui-qiang Ma

2013-01-01

Full Text Available This paper studies the optimal time consistent investment strategies in multiperiod asset-liability management problems under mean-variance criterion. By applying time consistent model of Chen et al. (2013 and employing dynamic programming technique, we derive two-time consistent policies for asset-liability management problems in a market with and without a riskless asset, respectively. We show that the presence of liability does affect the optimal strategy. More specifically, liability leads a parallel shift of optimal time-consistent investment policy. Moreover, for an arbitrarily risk averse investor (under the variance criterion with liability, the time-diversification effects could be ignored in a market with a riskless asset; however, it should be considered in a market without any riskless asset.

Asset management maturity in public infrastructure: the case of Rijkswaterstaat

NARCIS (Netherlands)

Volker, L.; Ligtvoet, A.; van den Boomen, M.; Wessels, Peter; van der Lei, T.E.; Herder, P.M.

2013-01-01

In times of restructuring governmental policies and resources, the
need for strategic asset management is growing. Maturity models offer
organisations a structure to assist them in improving their asset management
performance. We present the results of a repeated maturity measurement

A framework for considering externalities in urban water asset management.

Science.gov (United States)

Marlow, David; Pearson, Leonie; Macdonald, Darla Hatton; Whitten, Stuart; Burn, Stewart

2011-01-01

Urban communities rely on a complex network of infrastructure assets to connect them to water resources. There is considerable capital investment required to maintain, upgrade and extend this infrastructure. As the remit of a water utility is broader than just financial considerations, infrastructure investment decisions must be made in light of environmental and societal issues. One way of facilitating this is to integrate consideration of externalities into decision making processes. This paper considers the concept of externalities from an asset management perspective. A case study is provided to show the practical implications to a water utility and asset managers. A framework for the inclusion of externalities in asset management decision making is also presented. The potential for application of the framework is highlighted through a brief consideration of its key elements.

76 FR 47296 - Transit Asset Management (TAM) Pilot Program Funds

Science.gov (United States)

2011-08-04

... DEPARTMENT OF TRANSPORTATION Federal Transit Administration Transit Asset Management (TAM) Pilot... supplemented by Bus Discretionary funds in support of the Transit Asset Management (TAM) Pilot Program, which was announced in the TAM Program Notice of Funding Availability on November 19, 2010. The TAM program...

Quality regulation will make the goals of asset management specific; Zielkonkretisierung des Asset Managements durch die Qualitaetsregulierung

Energy Technology Data Exchange (ETDEWEB)

Fritz, Wolfgang [Consentec Consulting fuer Energiewirtschaft und -technik GmbH, Aachen (Germany); Vennegeerts, Hendrik [Forschungsgemeinschaft fuer Elektrische Anlagen und Stromwirtschaft e.V. (FGH), Aachen (Germany)

2009-12-15

The asset management of a network operator is responsible for decisions concerning the design, upkeep, modernisation and operation of networks. These decisions have an impact on costs and various quality aspects. Due to the absence of stringent instructions in some of its areas, asset management holds a substantial optimisation potential for network operators. Creative leeway exists in particular with regard to network reliability. Nowadays the level of reliability of a network has no immediate impact on the operator's turnover. However, this will change with the introduction of quality regulation through the Incentive Regulation Ordinance. This article discusses basic models for the resulting concretisation of goals and outlines the current debate as to how quality regulation should be framed.

ASSESSMENT OF BANKING ASSETS ON FINANCIAL RISK MANAGEMENT - ALBANIAN CASE

Directory of Open Access Journals (Sweden)

ADRIATIK KOTORRI

2014-02-01

Full Text Available Recognizing the asset value dynamics volatility of the financial institutions and the importance of its recognition both for financial reporting purposes and risk management effect, this paper aims to provide a practical model for the assets and financial institutions evaluation especially banks. It also aims to present a model to measure the value of banking assets for the purposes of risk management as an opportunity to identify in an early moment the banking risks. The paper develops the bank assets assessment forms and the basis of mathematical modeling of this assessment in general. He identifies also the evaluation factors as for example time to maturity, interest rate market for the assets (YTM, the interest rate agreed, the early repayment of the loan, interest ceilings and floors, off-balance sheet treatment, etc..

Implementing and certifying a state of the art asset management approach - practical experiences

NARCIS (Netherlands)

Slootweg, J.G.; Clemens, G.J.M.B.

2007-01-01

Subject of the paper is the implementation of the Asset Management concept into the organization of Essent Netwerk First, the drivers for and essentials of the Asset Management concept are introduced. Then, the organization of Essent Netwerk’s Asset Management department is described. Finally, the

Asset Management System through the design of a Jadex Agent System

Directory of Open Access Journals (Sweden)

Javier CARBÓ

2016-11-01

Full Text Available In this paper we have designed an agent system using JADEX platform in order to facilitate the asset management of an institution with several types of assets with some unknown similarities, and a high number of operators. Such environment would justify the use of a recommendation system that would provide an useful plan to be applied over an asset generated from previous maintenance operations hold over other assets. Here we provide the full design of such agent system, including the ontology, beliefs, plans, protocols and goals. This design has been implemented within GAIA: an information & asset management solution developed by Altran.

Nuclear facilities maintenance in the core of management-advanced trend in IBM Maximo asset management applications

International Nuclear Information System (INIS)

Seino, Satoshi; Ujihara, Satoshi; Kikuyama, Kaoru

2009-01-01

European and US plant owners have attached importance to plant maintenance, such as prompt grasp of plant states, implementation of maintenance and planning of maintenance programs, as one of asset management. The US advanced trend was introduced in this feature article through the applications of IBM Maximo Asset Management for nuclear facilities maintenance. World trends of nuclear power and related problems, need of nuclear facilities management, key items for introduction of maintenance management systems, required systems for nuclear maintenance management and introduction of functions of the IBM strategic asset management solution-Maximo were described respectively. (T. Tanaka)

FINANCIAL ASPECTS OF CURRENT ASSETS MANAGEMENT IN SERBIAN ECONOMY

Directory of Open Access Journals (Sweden)

Jugoslav Aničić

2017-04-01

Full Text Available Efficient current assets management should provide optimum level of company’s net current assets as interrelation between current assets and short-term liabilities. The companies whose short-term liabilities are not proportionate to cashable current assets face the problem of insolvency and all negative consequences caused by insolvency. Rate of return to total assets measures how good is the management’s use of the company property for the purpose of creating operating profit, regardless of the fact how these assets are financed. Serbian economy is burdened by insolvency and significant indebtedness under unfavorable loan terms, so adequate attention has to be dedicated to the matters of the structure of operating property and its financing in order to improve competitiveness and efficiency of business.

Applying transportation asset management in Connecticut.

Science.gov (United States)

2008-12-01

The study consists primarily of a detailed review of those states that utilize transportation asset management (TAM) systems that may be applicable for Connecticuts consideration, and includes as well the identification of a comprehensive pavement...

Integrated Data for Improved Asset Management

Science.gov (United States)

2016-05-26

The objective of this research is to demonstrate the potential benefits for agency-wide data integration for VDOT asset management. This objective is achieved through an example application that requires information distributed across multiple databa...

Comprehensive transportation asset management : risk-based inventory expansion and data needs.

Science.gov (United States)

2011-12-01

Several agencies are applying asset management principles as a business tool and paradigm to help them define goals and prioritize agency resources in decision making. Previously, transportation asset management (TAM) has focused more on big ticke...

Key determinants of managing the marketing asset of global companies

Directory of Open Access Journals (Sweden)

Tatyana Tsygankova

2016-12-01

Full Text Available As a result of organization and summarization of key concepts of evolution of the marketing tools of global companies, the authors determined the role of the marketing assets in the system of modern marketing management (as a dialectically higher stage of development of the analyzed tools, which will allow overcoming the antagonistic contradiction of “P- and C-vectors” of their development. The article identified the optimal set of key elements of the system of marketing assets, which are the brand, customer loyalty, reputation, network cooperation, marketing strategy, internal marketing, marketing information system and marketing innovation. Due to correlation and regression analysis of the impact of each system elements on performance of global companies, the model of the "marketing asset octagon" was built as an integrative management tool. Also, as a result of construction of the said model, the authors identified the most profitable marketing assets, return on investment and development of competencies in the field of efficient management will bring the highest profit to the company. On the basis of summarizing the regional and branch features of managing the disparate elements of the marketing assets of global companies, the key regional and sectoral priorities of formation, development and improvement of existing concepts of the international marketing management were identified, particularly in terms of building an author’s integrative octagon model.

A risk-based approach to sanitary sewer pipe asset management.

Science.gov (United States)

Baah, Kelly; Dubey, Brajesh; Harvey, Richard; McBean, Edward

2015-02-01

Wastewater collection systems are an important component of proper management of wastewater to prevent environmental and human health implications from mismanagement of anthropogenic waste. Due to aging and inadequate asset management practices, the wastewater collection assets of many cities around the globe are in a state of rapid decline and in need of urgent attention. Risk management is a tool which can help prioritize resources to better manage and rehabilitate wastewater collection systems. In this study, a risk matrix and a weighted sum multi-criteria decision-matrix are used to assess the consequence and risk of sewer pipe failure for a mid-sized city, using ArcGIS. The methodology shows that six percent of the uninspected sewer pipe assets of the case study have a high consequence of failure while four percent of the assets have a high risk of failure and hence provide priorities for inspection. A map incorporating risk of sewer pipe failure and consequence is developed to facilitate future planning, rehabilitation and maintenance programs. The consequence of failure assessment also includes a novel failure impact factor which captures the effect of structurally defective stormwater pipes on the failure assessment. The methodology recommended in this study can serve as a basis for future planning and decision making and has the potential to be universally applied by municipal sewer pipe asset managers globally to effectively manage the sanitary sewer pipe infrastructure within their jurisdiction. Copyright © 2014 Elsevier B.V. All rights reserved.

Asset transformation and the challenges to servitize a utility business model

International Nuclear Information System (INIS)

Helms, Thorsten

2016-01-01

The traditional energy utility business model is under pressure, and energy services are expected to play an important role for the energy transition. Experts and scholars argue that utilities need to innovate their business models, and transform from commodity suppliers to service providers. The transition from a product-oriented, capital-intensive business model based on tangible assets, towards a service-oriented, expense-intensive business model based on intangible assets may present great managerial and organizational challenges. Little research exists about such transitions for capital-intensive commodity providers, and particularly energy utilities, where the challenges to servitize are expected to be greatest. This qualitative paper explores the barriers to servitization within selected Swiss and German utility companies through a series of interviews with utility managers. One of them is ‘asset transformation’, the shift from tangible to intangible assets as major input factor for the value proposition, which is proposed as a driver for the complexity of business model transitions. Managers need to carefully manage those challenges, and find ways to operate both new service and established utility business models aside. Policy makers can support the transition of utilities through more favorable regulatory frameworks for energy services, and by supporting the exchange of knowledge in the industry. - Highlights: •The paper analyses the expected transformation of utilities into service-providers. •Service and utility business models possess very different attributes. •The former is based on intangible, the latter on tangible assets. •The transformation into a service-provider is related with great challenges. •Asset transformation is proposed as a barrier for business model innovation.

The California Central Coast Research Partnership: Building Relationships, Partnerships and Paradigms for University-Industry Research Collaboration. Appendix A. Telecommunications Asset Management in A Global Environment

National Research Council Canada - National Science Library

Griggs, Ken

2003-01-01

.... The mission of this project is threefold: To develop a blueprint or design concept for a telecommunications asset management environment that identifies, tracks, and codes global communications assets, brings them into services, and makes...

Learning Agents for Autonomous Space Asset Management (LAASAM)

Science.gov (United States)

Scally, L.; Bonato, M.; Crowder, J.

2011-09-01

Current and future space systems will continue to grow in complexity and capabilities, creating a formidable challenge to monitor, maintain, and utilize these systems and manage their growing network of space and related ground-based assets. Integrated System Health Management (ISHM), and in particular, Condition-Based System Health Management (CBHM), is the ability to manage and maintain a system using dynamic real-time data to prioritize, optimize, maintain, and allocate resources. CBHM entails the maintenance of systems and equipment based on an assessment of current and projected conditions (situational and health related conditions). A complete, modern CBHM system comprises a number of functional capabilities: sensing and data acquisition; signal processing; conditioning and health assessment; diagnostics and prognostics; and decision reasoning. In addition, an intelligent Human System Interface (HSI) is required to provide the user/analyst with relevant context-sensitive information, the system condition, and its effect on overall situational awareness of space (and related) assets. Colorado Engineering, Inc. (CEI) and Raytheon are investigating and designing an Intelligent Information Agent Architecture that will provide a complete range of CBHM and HSI functionality from data collection through recommendations for specific actions. The research leverages CEI’s expertise with provisioning management network architectures and Raytheon’s extensive experience with learning agents to define a system to autonomously manage a complex network of current and future space-based assets to optimize their utilization.

75 FR 43197 - Public Housing Assessment System (PHAS): Asset Management Transition Year 2 Extension

Science.gov (United States)

2010-07-23

... System (PHAS): Asset Management Transition Year 2 Extension AGENCY: Office of the Assistant Secretary for...): Asset Management Transition Year 2 Information (75 FR 1632), dated January 12, 2010, for PHAs with... Assessment System (PHAS): Asset Management Transition Year Information and Uniform Financial Reporting...

Enterprise Digital Asset Management System Pilot: Lessons Learned

Directory of Open Access Journals (Sweden)

Yong-Mi Kim

2007-12-01

Full Text Available Enterprise digital asset management (DAM systems are beginning to be explored in higher education, but little information about their implementation issues is available. This article describes the University of Michigan’s investigation of managing and retrieving rich media assets in an enterprise DAM system. It includes the background of the pilot project and descriptions of its infrastructure and metadata schema. Two case studies are summarized—one in healthcare education, and one in teacher education and research. Experiences with five significant issues are summarized: privacy, intellectual ownership, digital rights management, uncataloged materials backlog, and user interface and integration with other systems.

Earnings Management and Valuation of Biological Assets

Directory of Open Access Journals (Sweden)

Ricardo Luiz Menezes da Silva

2015-01-01

Full Text Available The use of fair value to measure the worth of biological assets allows discretionary choices when using discounted cash flow in the absence of an active market, influencing the quality of accounting information. The objective of this study was to investigate evidence of earnings management among Brazilian companies that have adopted fair value based on the discounted cash flow method. The firms were investigated with regard to: a disclosure of the discount rate, b BM&FBovespa corporate governance levels; and c adherence to disclosure requirements in the Brazilian accounting standard CPC 29 (IAS 41. We analyzed 31 firms with significant biological assets from 2010 to 2012. The earnings management measurements were calculated according to the modified Jones, the Teoh, Welch and Wong (1998, and the KS models. The Mann-Whitney test of the means was applied and revealed evidence of greater earnings management for companies that use discounted cash flow, and the ones that least meet CPC 29 disclosure requirements, considering the KS model estimates. Regarding the other proposals, testing did not offer enough evidence of differences in discretionary accruals. In this sense, only hypotheses 1 and 4 are partially accepted, demanding more research in this area. We also present evidence in favor of adopting Exposure Draft ED/2013/08 Agriculture: Bearer Plants, Proposed amendments to IAS 16 and IAS 41, which proposes to measure biological assets at cost, because firms already following these rules showed lower earnings management in this study.

Framework for asset management study results : research report.

Science.gov (United States)

2012-04-27

Dye Management Group, Inc. (DMG) collected and analyzed local agency inventory, cost, and condition assessment information in order to provide the Michigan Transportation Asset Management Council (TAMC) with (a) the costs expended to maintain its roa...

Asset liability management modeling using multi-stage mixed-integer stochastic programming

NARCIS (Netherlands)

Drijver, S.J.; Klein Haneveld, W.K.; van der Vlerk, Maarten H.

2000-01-01

A pension fund has to match the portfolio of long-term liabilities with the portfolio of assets. Key instruments in strategic Asset Liability Management (ALM) are the adjustments of the contribution rate of the sponsor and the reallocation of the investments in several asset classes at various

Asset management argunents for smart grids

NARCIS (Netherlands)

Berende, M.J.C.; Slootweg, J.G.; Kuiper, J.; Peters, J.C.F.M.

2008-01-01

This paper describes how Essent Netwerk has developed a strategy for the automation of its medium voltage network. Using Asset Management techniques, it was demonstrated that the application of a new distribution automation concept results in an improvement of network reliability and enables the

Human Asset Internalization and Global Sourcing of Services

DEFF Research Database (Denmark)

Ørberg Jensen, Peter D.; Petersen, Bent

In this exploratory study we look at human asset aspects of offshore outsourcing of services that over time become more advanced and strategic potent to the outsourcing firms. As a consequence, the outsourcing firms might want to internalize the operations. We focus on the ways that outsourcing......, the internalization process....

Asset Management for Water and Wastewater Utilities

Science.gov (United States)

Renewing and replacing the nation's public water infrastructure is an ongoing task. Asset management can help a utility maximize the value of its capital as well as its operations and maintenance dollars.

Nuclear asset management. Slide notes

International Nuclear Information System (INIS)

Puglia, W.; Bailey, H.; Kubinova, J.

2004-01-01

Nuclear asset management is defined as the process for making resource allocation and risk management decisions at all levels of nuclear generation business to maximize value/profitability for all stakeholders while maintaining plant safety. In the presentation, the NAM concept is explained, financial benefits achieved in US industry over the past 12 years are outlined, Data Systems and Solutions (DS and S) is presented as a joint venture between Rolls-Royce and SAIC, and NAM benefits in nuclear industry from DS and S client experience are demonstrated. (P.A.)

Setting priorities for the proactive management of longterm challenges and opportunities in Asset Life Cycle Management

NARCIS (Netherlands)

Ruitenburg, Richard Jacob; Braaksma, Anne Johannes Jan; van Diepen, T.

2016-01-01

Asset Life Cycle Management concerns the effective management of physical assets over their complete lifetimes, typically lasting decades. Therefore, a large number and a wide variety of challenges and opportunities may need to be dealt with proactively, using limited resources. Therefore, we

Knowledge as an Asset and Knowledge Management

OpenAIRE

Sevinç Gülseçen

2014-01-01

The most valuable resource available to any organization today is its knowledge asset which is stored in processes and information systems, corporate data warehouses, employees’ brains, copyrights and patents. Knowledge management is the process of capturing, distributing, and effectively using this knowledge. The factors affecting Knowledge Management can be listed as follows: organizational culture, knowledge manager, the evolution of knowledge, knowledge polution and technology.

Knowledge as an Asset and Knowledge Management

Directory of Open Access Journals (Sweden)

Sevinç Gülseçen

2014-03-01

Full Text Available The most valuable resource available to any organization today is its knowledge asset which is stored in processes and information systems, corporate data warehouses, employees’ brains, copyrights and patents. Knowledge management is the process of capturing, distributing, and effectively using this knowledge. The factors affecting Knowledge Management can be listed as follows: organizational culture, knowledge manager, the evolution of knowledge, knowledge polution and technology.

INTANGIBLE ASSETS EVALUATION FOR THE KNOWLEDGE MANAGEMENT

Directory of Open Access Journals (Sweden)

Wellington Washington Cantelli

2006-11-01

Full Text Available In the history of civilizations, knowledge has always been highlighted, mainly because of its close relation with power. In the modern world, where the efficiency in solving problems has become the main component for the success of companies and the knowledge is responsible for putting some companies ahead in competitions, it is necessary to insert them in the management models as well as finding a way to measure them. Measuring the knowledge and other intangible assets, has been discussed among university students and in companies which are more worried about knowledge. There are some controversies about this subject because its high level of subjectivity, when measuring the intangible assets. This article aims to show the main methods to evaluate the intangible assets versus the traditional ones.

Consolidated asset management for Minnesota local agencies.

Science.gov (United States)

2016-06-01

Transportation agencies are increasingly turning their attention to transportation asset management (TAM), a systematic process for tracking the conditions of physical infrastructure to make better decisions about its maintenance. TAM is mandated by ...

The United Kingdom's School Asset Management Plans.

Science.gov (United States)

Jones, Alan

1999-01-01

Examines the U.K.'s Asset Management Plans (AMPs) designed to help Local Education Authorities (LEAs) identify and address the most important priorities in their school capital programs, and to help in their longer term planning and management of the school estate. Discusses AMP objectives, the stages of developing an AMP, and how the Department…

DOE Asset Revitalization: Sustainability and Waste Management Aspects - 12120

Energy Technology Data Exchange (ETDEWEB)

Robinson, Sharon M. [Oak Ridge National Laboratory, Oak Ridge, TN 37831 (United States)

2012-07-01

In February 2011 Secretary of Energy Steven Chu established a Task Force on Asset Revitalization to facilitate a discussion among the Department of Energy (DOE), communities around DOE sites, non-profits, tribal governments, the private sector, and other stakeholders to identify reuse approaches as environmental cleanup efforts at DOE sites reach completion. The Task Force was charged with exploring opportunities to reuse DOE site assets for beneficial purposes and making recommendations to the Under Secretaries of Energy, Science, and Nuclear Security on the formation of an Asset Revitalization Initiative (ARI). The ARI is a Department-wide effort to advance the beneficial reuse of the DOE's unique and diverse mix of assets including land, facilities, infrastructure, equipment, technologies, natural resources, and a highly skilled workforce. The ARI will encourage collaboration between the public and private sectors in order to achieve energy and environmental goals as well as to stimulate and diversify regional economies. The recommendations of the ARI Task Force are summarized below, focusing on the sustainability and waste management aspects. DOE's ongoing completion of cleanup efforts and modernization efforts is creating opportunities to transition under-used or excess assets to future beneficial use. The FY 2011 DOE ARI Task Force determined that DOE's assets could be reused for beneficial purposes such as clean energy production, industrial manufacturing, recreational and conversation use, and other economic development initiatives. Asset revitalization has the potential to both help achieve DOE's energy and environmental goals and diversify regional economies where the sites are located, including providing the support needed to implement large-scale projects that achieve green sustainability goals. Asset revitalization efforts could be accelerated by effectively incorporating future use plans into environmental management and

Transit asset inventory development and integration : asset management methodology/condition assessment methodology research.

Science.gov (United States)

2012-09-01

This report summarizes the results of a 13-month effort by CodeRed Business Solutions (CRBS) to consider how urban rail transit agencies can leverage data within their maintenance management systems to build asset inventories for higher-level analysi...

The NCAR Digital Asset Services Hub (DASH): Implementing Unified Data Discovery and Access

Science.gov (United States)

Stott, D.; Worley, S. J.; Hou, C. Y.; Nienhouse, E.

2017-12-01

The National Center for Atmospheric Research (NCAR) Directorate created the Data Stewardship Engineering Team (DSET) to plan and implement an integrated single entry point for uniform digital asset discovery and access across the organization in order to improve the efficiency of access, reduce the costs, and establish the foundation for interoperability with other federated systems. This effort supports new policies included in federal funding mandates, NSF data management requirements, and journal citation recommendations. An inventory during the early planning stage identified diverse asset types across the organization that included publications, datasets, metadata, models, images, and software tools and code. The NCAR Digital Asset Services Hub (DASH) is being developed and phased in this year to improve the quality of users' experiences in finding and using these assets. DASH serves to provide engagement, training, search, and support through the following four nodes (see figure). DASH MetadataDASH provides resources for creating and cataloging metadata to the NCAR Dialect, a subset of ISO 19115. NMDEdit, an editor based on a European open source application, has been configured for manual entry of NCAR metadata. CKAN, an open source data portal platform, harvests these XML records (along with records output directly from databases) from a Web Accessible Folder (WAF) on GitHub for validation. DASH SearchThe NCAR Dialect metadata drives cross-organization search and discovery through CKAN, which provides the display interface of search results. DASH search will establish interoperability by facilitating metadata sharing with other federated systems. DASH ConsultingThe DASH Data Curation & Stewardship Coordinator assists with Data Management (DM) Plan preparation and advises on Digital Object Identifiers. The coordinator arranges training sessions on the DASH metadata tools and DM planning, and provides one-on-one assistance as requested. DASH Repository

Decision-Oriented Project Ranking for Asset Management System: Rail Net Denmark

DEFF Research Database (Denmark)

Salling, Kim Bang; Moshøj, Claus Rehfeld; Timm, Henrik

2007-01-01

is to apply a modified project ranking methodology: Asset Management System Priority Module (AMS-PM), which is a practical tool for assessing and ranking various project proposals in a straightforward manner. The methodology is set-out by a multi-criteria approach where weights are applied ultimately...... resulting in priority indices for the state-of-repair data. This paper is disposed as follows; firstly, a description of the Asset Management system is set-up including an overview of the state-of-repair data and the case study. Secondly, is the AMS-PM software model implemented through an exploratory case......The Danish rail net operator, Rail Net Denmark, has through the past years built up an Asset Management system, containing a certain percentile of all the company’s assets. This paper contains an elaborate overview on how to strengthen the system seen from a decision-support perspective. The focus...

The role of enterprise asset management system in the PVO group's business

International Nuclear Information System (INIS)

Jaervinen, J.

1998-01-01

This presentation describes the role of the Enterprise Asset Management (EAM) and Enterprise Document Management (EDM) in the PVO Group's business. The use of the functionality of the EAM (Immpower) and EDM (Documentum) is not limited only to the plant maintenance. All power plants and some other business functions and units will use the system in the future for financial management, activity based costing, purchasing, of materials, office supplies and fuel, invoice matching, project budgeting and costing, real estate management etc. The technical service concept of IT solution is also described in this presentation. The Information Management Strategy development as background to the project is also outlined together with the company information. The benefits of the common EAM system and related business process needs are also described. (orig.)

Prolong Your Roof's Performance: Roof Asset Management.

Science.gov (United States)

Teitsma, Jerry

2001-01-01

Discusses the roof asset management process for maintaining a roof system's integrity and value in a cost-effective manner. Included is a breakdown of roofing surface characteristics for multiply and single ply roofing systems. (GR)

The Importance of Asset Allocation and Active Management for Canadian Mutual Funds

OpenAIRE

Zhao, Yuefeng; Zhang, Fan

2010-01-01

Several different factors, including asset allocation policy, active portfolio management and market movements affect the return of a mutual fund. Existing studies test the relative importance of asset allocation policy and active management in explaining the variability of performance. In this paper, we use data for the period 2000-2010 to test the factors' role in determining performance of Canadian equity funds, balanced funds and international funds. The results show that asset allocation...

Ontology modeling in physical asset integrity management

CERN Document Server

Yacout, Soumaya

2015-01-01

This book presents cutting-edge applications of, and up-to-date research on, ontology engineering techniques in the physical asset integrity domain. Though a survey of state-of-the-art theory and methods on ontology engineering, the authors emphasize essential topics including data integration modeling, knowledge representation, and semantic interpretation. The book also reflects novel topics dealing with the advanced problems of physical asset integrity applications such as heterogeneity, data inconsistency, and interoperability existing in design and utilization. With a distinctive focus on applications relevant in heavy industry, Ontology Modeling in Physical Asset Integrity Management is ideal for practicing industrial and mechanical engineers working in the field, as well as researchers and graduate concerned with ontology engineering in physical systems life cycles. This book also: Introduces practicing engineers, research scientists, and graduate students to ontology engineering as a modeling techniqu...

The missing link between maintenance contracts and flexible asset management

OpenAIRE

Marttonen-Arola, Salla; Viskari, Sari; Kärri, Timo

2013-01-01

The paper shows how additional value can be created in maintenance collaboration through integrating the features of flexible asset management into maintenance contracts. We expand the traditional typology of maintenance contracts and introduce a new contract type, flexible asset management contracts. Also value sharing in the new contract type is discussed. Our logic for sharing the value is based on reaching for win-win situations in industrial maintenance collaboration. Finally, we present...

[Appliancation of logistics in resources management of medical asset].

Science.gov (United States)

Miroshnichenko, Iu V; Goriachev, A B; Bunin, S A

2011-06-01

The usage of basic regulations of logistics in practical activity for providing joints and military units with medical asset is theoretically justified. The role of logistics in organizing, building and functioning of military (armed forces) medical supply system is found out. The methods of solving urgent problems of improvement the resources management of medical asset on the basis of logistics are presented.

After-sales service of engineering industrial assets a reference framework for warranty management

CERN Document Server

González-Prida Díaz, Vicente

2014-01-01

This book explores the practical implementation of an advanced after-sales management framework devoted to warranty management. The framework is intended for companies producing either standardized or customized products, and such a management tool will facilitate organizational improvement and support innovative decision making processes for technical assistance in after-sales services.  “After–sales Service of Engineering Industrial Assets” comprises a proposal for a warranty management framework, with an account of the different methods that can be used to improve decision making in the different stages of the after-sales service management process, and strategies for strengthening the structure and foundations of the framework. A review of the fundamental issues and current research topics in warranty management and after sales services is also provided, which is exemplified by a case study. This book is intended for postgraduates, researchers and engineers who are interested in aftersales manageme...

System development and asset management under restructuring

International Nuclear Information System (INIS)

2007-01-01

In many developed countries the electricity infrastructure contains ageing assets. Because of the need of a continuing operation and higher load factors on the network, the opportunities for replacement or refurbishment are limited. These must be regarded as an opportunity to review the structure of the system and to consider the design and development required to meet the new requirements, taking advantage of new available technologies: HVDC, FACTS, cables, etc. The symposium examines assets management issues and assesses strategies for overhauling existing systems, taking into account the impact on market operation, on supply security and environment

Visual Decision Support Tool for Supporting Asset Management Performance, Risk, and Cost Analysis (WERF Report INFR5R12)

Science.gov (United States)

Abstract:Managing urban water infrastructures faces the challenge of jointly dealing with assets of diverse types, useful life, cost, ages and condition. Service quality and sustainability require sound long-term planning, well aligned with tactical and operational planning and m...

Fundamentals of asset management in an ageing nuclear power station

International Nuclear Information System (INIS)

Crook, B.

2014-01-01

In an ageing nuclear power station there are many challenges associated with implementing and refining an asset management program. Ageing nuclear power stations are faced with the formidable task of replacing and refurbishing major Structures, Systems, and Components (SSCs) in a managed and cost-effective way. This paper provides a brief background on equipment reliability and asset management, covers Bruce Power's methodology for implementing this complex and all-encompassing program, and describes one of the key challenges faced by Bruce Power and the industry. The effective scoping and identification of critical components is an on-going challenge which can affect the integrity of many processes built upon it. This is a fundamental building block to nearly all processes at Bruce Power and one that is at the centre of many improvement initiatives and projects. The consequences from lacking this baseline data, or worse relying upon incorrect data, can permeate the asset management process and hinder the organization's ability to assess risk properly and take the necessary steps to mitigate this risk in the short and long term. (author)

Asset sales, asset exchanges, and shareholder wealth in China

Directory of Open Access Journals (Sweden)

Weiting Huang

2012-01-01

Full Text Available In this paper, we study a sample of 1376 corporate asset sales and 250 asset exchanges in China between 1998 and 2006. We find that corporate asset sales in China enhance firm value with a cumulative abnormal return (CAR of 0.46% for the pre-announcement five-day period, which is consistent with the evidence discovered in both U.K. and U.S. For companies that exchanged assets during the sample period, the pre-announcement five-day CAR of 1.32% is statistically significant. We also discover that gains from divesting assets are positively related to managerial performance measured by Tobin's q ratio and the relative size of the asset sold or exchanged. Well-managed (high-q companies are more likely to sell or exchange assets in a value-maximizing fashion than poorly managed (low-q companies. Furthermore, asset-seller gains are not related to enhancing corporate focus, but improving corporate focus by exchanging for core assets enhances firm value.

Assessing and interpreting the benefits derived from implementing and using asset management systems.

Science.gov (United States)

2011-06-23

Interest in asset management has grown over the last two decades but agencies continue to be : concerned about the cost to develop and implement asset management processes. While originally : introduced as a tool for policy analysis, HERS-ST is free ...

Evaluation of the importance of the 39 subjects defined by the global forum for maintenance and asset management

OpenAIRE

Visser, Jacobus Krige; Botha, Arnold

2015-01-01

The Global Forum on Maintenance and Asset Management (GFMAM) was formed in 2011 to bring together various experts, practitioners, academics, and other professionals who are active in the field of asset and maintenance management. The primary mission of GFMAM is to develop and promote knowledge, standards, and education for the maintenance and asset management professions. To fulfil this mission, GFMAM developed an ‘Asset Management Landscape’ document, which defines 39 subjects on asset manag...

The role of enterprise asset management system in the PVO group`s business

Energy Technology Data Exchange (ETDEWEB)

Jaervinen, J [RAMSE Consulting Oy, Helsinki (Finland)

1999-12-31

This presentation describes the role of the Enterprise Asset Management (EAM) and Enterprise Document Management (EDM) in the PVO Group`s business. The use of the functionality of the EAM (Immpower) and EDM (Documentum) is not limited only to the plant maintenance. All power plants and some other business functions and units will use the system in the future for financial management, activity based costing, purchasing, of materials, office supplies and fuel, invoice matching, project budgeting and costing, real estate management etc. The technical service concept of IT solution is also described in this presentation. The Information Management Strategy development as background to the project is also outlined together with the company information. The benefits of the common EAM system and related business process needs are also described. (orig.)

The role of enterprise asset management system in the PVO group`s business

Energy Technology Data Exchange (ETDEWEB)

Jaervinen, J. [RAMSE Consulting Oy, Helsinki (Finland)

1998-12-31

This presentation describes the role of the Enterprise Asset Management (EAM) and Enterprise Document Management (EDM) in the PVO Group`s business. The use of the functionality of the EAM (Immpower) and EDM (Documentum) is not limited only to the plant maintenance. All power plants and some other business functions and units will use the system in the future for financial management, activity based costing, purchasing, of materials, office supplies and fuel, invoice matching, project budgeting and costing, real estate management etc. The technical service concept of IT solution is also described in this presentation. The Information Management Strategy development as background to the project is also outlined together with the company information. The benefits of the common EAM system and related business process needs are also described. (orig.)

IoT-based Asset Management System for Healthcare-related Industries

Directory of Open Access Journals (Sweden)

Lee Carman Ka Man

2015-11-01

Full Text Available The healthcare industry has been focusing efforts on optimizing inventory management procedures through the incorporation of Information and Communication Technology, in the form of tracking devices and data mining, to establish ideal inventory models. In this paper, a roadmap is developed towards a technological assessment of the Internet of Things (IoT in the healthcare industry, 2010–2020. According to the roadmap, an IoT-based healthcare asset management system (IoT-HAMS is proposed and developed based on Artificial Neural Network (ANN and Fuzzy Logic (FL, incorporating IoT technologies for asset management to optimize the supply of resources.

75 FR 1632 - Public Housing Assessment System (PHAS): Asset Management Transition Year 2 Information

Science.gov (United States)

2010-01-12

... accounting under asset management, also known as ``Transition Year 2.'' FOR FURTHER INFORMATION CONTACT: The... System (PHAS): Asset Management Transition Year 2 Information AGENCY: Office of the Assistant Secretary... by HUD under the Public Housing Management Assessment Program (PHMAP), the regulations for which are...

Asset management for infrastructure systems energy and water

CERN Document Server

Balzer, Gerd

2015-01-01

The book offers a broad overview of asset management processes for different utilities, with a special emphasis on energy and water. It provides readers with important practical considerations concerning the development of new competitive structures and procedures for guaranteeing a sufficient supply of energy and water in a regulated environment, using clearly defined technical and economic cornerstones. On the one hand asset owners expect suitable interests from their investment and business growth; on the other hand regulators focus more on a reliable and cost-effective customer supply. Thi

Risk and Reliability of Infrastructure Asset Management Workshop

National Research Council Canada - National Science Library

2006-01-01

...) in collaboration with Headquarters, USACE and in support of the initiatives on asset management. Over 75 people attended representing 6 of 8 Corps divisions, many districts, HQ, ERDC, Institute for Water Resources and academia...

The Future of Asset Management for Human Space Exploration: Supply Classification and an Integrated Database

Science.gov (United States)

Shull, Sarah A.; Gralla, Erica L.; deWeck, Olivier L.; Shishko, Robert

2006-01-01

One of the major logistical challenges in human space exploration is asset management. This paper presents observations on the practice of asset management in support of human space flight to date and discusses a functional-based supply classification and a framework for an integrated database that could be used to improve asset management and logistics for human missions to the Moon, Mars and beyond.

The Application of Long Term Asset Management (LTAM) Strategy of KHNP

International Nuclear Information System (INIS)

Boo, Myung Hwan; Park, Young Sheop

2007-01-01

In KHNP, 20 units of Nuclear Power Plants (NPP) are operating and 6 units are under construction. As increase of the number of power plants and operating year, it is needed to develop the integrated cost-effective asset management. Long Term Asset Management (LTAM) strategy is the process by which the nuclear power plants integrate operations, maintenance, engineering, regulatory, and economic planning activities. This paper introduces the application of LTAM strategy of nuclear power plants

A hybrid linked data approach to support asset management

NARCIS (Netherlands)

Luiten, G.T.; Bohms, H.M.; O'Keeffe, A.; Nederveen, S. van; Bakker, J.; Wikstrom, L.

2016-01-01

This paper evaluates experiences with applying a linked data approach for coping with the many challenges for information management in asset management from the perspective of National Road Authorities (NRAs). As influential players, NRAs are often the initiators of innovation in the civil

Transportation asset management : a vehicle for mainstreaming ITS?

Science.gov (United States)

2001-06-01

This paper examines the use of transportation asset management (TAM) as a mechanism for mainstreaming" intelligent transportation systems (ITS) into the transportation decision-making process. TAM is an emerging set of tools and techniques that compr...

Implementation of Asset Management System Based on Wireless Sensor Technology

Directory of Open Access Journals (Sweden)

Nan WANG

2014-02-01

Full Text Available RFID technology is regarded as one of the top ten key technologies in the 21st century, which has extensive application prospect in various fields, including asset management, public safety and so on. Through analyzing the current problems existing in asset management, this paper proposes to apply RFID technology in device management to effectively improve the level of automation and informatization of device management, and designs the scheme of equipment monitoring system based on 433 MHz RFID electronic tag and reader. The hardware part of monitoring system consists of the RFID sensor terminals attached in the device and the readers distributed in each monitoring site. The reader uploads the information collected by tag to the backend server and the management system, so as to allow managers and decision makers to understand the usage rate and location of the experimental instruments and to provide managers with a scientific basis for decision making, which effectively solves the relatively backward status quo of current device management level.

Asset management for Wyoming counties : volume I, II, III.

Science.gov (United States)

2011-08-01

Vol. 1: In the fall of 2003, the Wyoming Department of Transportation (WYDOT) and the Wyoming T2/LTAP Center (T2/LTAP) began planning an asset management program to assist counties impacted by oil and gas drilling with management of their road system...

Thermal cracking performance prediction and asset management integration.

Science.gov (United States)

2011-03-01

With shrinking maintenance budgets and the need to do more with less, accurate, robust asset management tools are greatly needed for the transportation engineering community. In addition, the increased use of recycled materials and low energy p...

i-Locate - Indoor/Outdoor location and Asset Management through Open Data

Directory of Open Access Journals (Sweden)

Claudio Eccher

2015-02-01

Full Text Available Studi recenti hanno evidenziato che, in media, trascorriamo circa il 90% del nostro tempo in ambienti chiusi e, spesso, non familiari. L’esigenza di localizzare/guidare persone o ogg etti in spazi sia esterni che interni (senza discontinuità tra esterno ed interno darà origine ad una serie di nuovi servizi di tipo LBS (Location-Based Services che potranno avere anche una notevole rilevanza economica. i-locate (Indoor / outdoor location and Asset Management Through open geodata is a project that aims to develop a set of tools and services based on geo location technologies based on open data for the location and management of objects in indoor and outdoor spaces. The tools are intended both to citizens who use their smartphones to access services, aids to navigation from the front door to internal destinations to buildings (public office, clinic, shop, etc.. Obtaining any information available to support (code , unforeseen changes in the path, suggestions, etc., and professionals for specific activities that require the location of people, equipment, etc. i-locate to an intense use of GIS technologies for navigation and tracking "indoor" (indoor GIS, 3D GIS, to locate people (eg. Alzheimer's patients and their movements in areas not suited (geofencing to identify and track objects / portable equipment for their location, management and maintenance.

i-Locate - Indoor/Outdoor location and Asset Management through Open Data

Directory of Open Access Journals (Sweden)

Claudio Eccher

2015-02-01

Full Text Available Studi recenti hanno evidenziato che, in media, trascorriamo circa il 90% del nostro tempo in ambienti chiusi e, spesso, non familiari. L’esigenza di localizzare/guidare persone o ogg etti in spazi sia esterni che interni (senza discontinuità tra esterno ed interno darà origine ad una serie di nuovi servizi di tipo LBS (Location-Based Services che potranno avere anche una notevole rilevanza economica.i-locate (Indoor / outdoor location and Asset Management Through open geodata is a project that aims to develop a set of tools and services based on geo location technologies based on open data for the location and management of objects in indoor and outdoor spaces. The tools are intended both to citizens who use their smartphones to access services, aids to navigation from the front door to internal destinations to buildings (public office, clinic, shop, etc.. Obtaining any information available to support (code , unforeseen changes in the path, suggestions, etc., and professionals for specific activities that require the location of people, equipment, etc. i-locate to an intense use of GIS technologies for navigation and tracking "indoor" (indoor GIS, 3D GIS, to locate people (eg. Alzheimer's patients and their movements in areas not suited (geofencing to identify and track objects / portable equipment for their location, management and maintenance.

AN INVESTIGATION INTO THE SIGNIFICANT IMPACTS OF AUTOMATION IN ASSET MANAGEMENT

Directory of Open Access Journals (Sweden)

Benjamin L. Britton

2017-03-01

Full Text Available This paper explores the implications of applying automation, a technological force in which computer systems can fulfill human tasks, into the asset management industry. The investigation explores a number of significant topics in which managers should begin contemplating, including workforce origination post automation, the primary skills necessary to facilitate augmentation, and how robo advisors could challenge an organization’s value proposition. The investigation was centered on Jupiter Asset Management (JAM to support their preparations for automation, as well as to provide insight from the ‘grass roots’. Research centered on interviews with experienced individuals within automative and asset management. The findings identify that current entry level occupations with systematic, repetitive tasks in a fixed domain, will be automated. Placing a greater demand for analytical abilities in junior recruits as the cognitive understanding of what data represents is a weakness of artificial intelligence (AI thus strengthening augmentation between employees and technology. Automated investment profilers known as robo advisors will challenge the value proposition of organizations, such as JAM, which in time will need to be onboard with the technology to remain competitive within a growing millennial market. The paper concludes that there is an evident need for asset management firms to design training processes that blend enhanced senior level shadowing, with programmes focused on broadening juniors’ abilities to interpret and apply AI generated data through a series of newly identified skills.

Long term cross asset management of critical structures

International Nuclear Information System (INIS)

Wenzel, H.

2013-01-01

Conclusions: Asset management requires tools for optimisation. SHM delivers the required information. SHM helps to reduce the uncertainties. Life Cycle methodologies are mature. Life Time Extension can be justified and monitored. Life Cycle Engineering is a must nowadays

Asset Management of Roadway Signs Through Advanced Technology

Science.gov (United States)

2003-06-01

This research project aims to ease the process of Roadway Sign asset management. The project utilized handheld computer and global positioning system (GPS) technology to capture sign location data along with a timestamp. This data collection effort w...

New Challenges for Asset Managers in the Danish Social Housing Sector

DEFF Research Database (Denmark)

Haugbølle, Kim; Engberg, Lars A.

2004-01-01

During the 1990s, the social housing sector in Denmark has undergone a number of changes. New trends are forcing asset managers to rethink their roles and strategies. In this changing context, asset managers have been confronted with strategic challenges on three topics: 1. New modes of tenants......’ involvement. 2. New partnerships with the building industry. 3. Moving towards a European internal market of construction products. The paper explores and analyses these three challenges by drawing on a number of case studies as well as a re-analysis of current research on management of renewal and building...

77 FR 67029 - Arden Investment Series Trust and Arden Asset Management LLC; Notice of Application

Science.gov (United States)

2012-11-08

... Investment Series Trust and Arden Asset Management LLC; Notice of Application November 2, 2012. AGENCY... disclosure requirements. Applicants: Arden Investment Series Trust (the ``Trust'') and Arden Asset Management... Company Regulation, Division of Investment Management). SUPPLEMENTARY INFORMATION: The following is a...

Processing Risk In Asset Management : Exploring The Boundaries Of Risk Based Optimization Under Uncertainty For An Energy Infrastructure Asset Manager

NARCIS (Netherlands)

Wijnia, Y.C.

2016-01-01

In the liberalized energy market Distribution Network Operators (DNOs) are confronted with income reductions by the regulator. The common response to this challenge is the implementation of asset management, which can be regarded as systematically applying Cost Benefit Analysis (CBA) to the risks in

Visual Decision Support Tool for Supporting Asset ...

Science.gov (United States)

Abstract:Managing urban water infrastructures faces the challenge of jointly dealing with assets of diverse types, useful life, cost, ages and condition. Service quality and sustainability require sound long-term planning, well aligned with tactical and operational planning and management. In summary, the objective of an integrated approach to infrastructure asset management is to assist utilities answer the following questions:•Who are we at present?•What service do we deliver?•What do we own?•Where do we want to be in the long-term?•How do we get there?The AWARE-P approach (www.aware-p.org) offers a coherent methodological framework and a valuable portfolio of software tools. It is designed to assist water supply and wastewater utility decision-makers in their analyses and planning processes. It is based on a Plan-Do-Check-Act process and is in accordance with the key principles of the International Standards Organization (ISO) 55000 standards on asset management. It is compatible with, and complementary to WERF’s SIMPLE framework. The software assists in strategic, tactical, and operational planning, through a non-intrusive, web-based, collaborative environment where objectives and metrics drive IAM planning. It is aimed at industry professionals and managers, as well as at the consultants and technical experts that support them. It is easy to use and maximizes the value of information from multiple existing data sources, both in da

Evaluating Information System Integration approaches for fixed asset management framework in Tanzania

Directory of Open Access Journals (Sweden)

Theophil Assey

2017-10-01

Full Text Available Information systems are developed based on different requirements and different technologies. Integration of these systems is of vital importance as they cannot work in isolation, they need to share and exchange data with other information systems. The Information Systems handle data of different types and formats’, finding a way to make them communicate is important as they need to exchange data during transactions, communication and different aspects which may require their interactions. In Tanzanian Local Government Authorities (LGAs, fixed asset data are not centralized, individual Local Government Authority stores their own data in isolation yet accountability is required through the provision of centralized storage for easy data access and easier data integration with other Information Systems in order to enhance fixed asset accountability. The study was carried out through reviewing of literature on the existing Information System integration approaches in order to identify and propose the best approach to be used in fixed asset management systems in LGA’s in Tanzania. The different approaches which are used for systems integration such as Service Oriented Architecture (SOA, Common Object Request Broker (CORBA, Common Object Model (COM and eXtensible Markup Language (XML were evaluated under the factors considered at the LGA. The XML was preferred over SOA, CORBA and COM because of some challenges in governance, data security, availability of expertise for support, maintenance, implementation cost, performance, compliance with government changing policies and service reliability. The proposed approach integrates data for all the Local Government Authorities at a centralized location and middleware transforms the centralized data into XML so it can easily be used by other Information Systems.

Asset management using an extended Markowitz theorem

Directory of Open Access Journals (Sweden)

Paria Karimi

2014-06-01

Full Text Available Markowitz theorem is one of the most popular techniques for asset management. The method has been widely used to solve many applications, successfully. In this paper, we present a multi objective Markowitz model to determine asset allocation by considering cardinality constraints. The resulted model is an NP-Hard problem and the proposed study uses two metaheuristics, namely genetic algorithm (GA and particle swarm optimization (PSO to find efficient solutions. The proposed study has been applied on some data collected from Tehran Stock Exchange over the period 2009-2011. The study considers four objectives including cash return, 12-month return, 36-month return and Lower Partial Moment (LPM. The results indicate that there was no statistical difference between the implementation of PSO and GA methods.

A simulation framework for asset management in climate-change adaptation of transportation infrastructure

NARCIS (Netherlands)

Bhamidipati, S.K.

2014-01-01

An asset management framework, in an agent-based model with multiple assets, is presented as a tool that can assist in developing long-term climate change adaptation strategies for transportation infrastructure.

Steam generator asset management model application

International Nuclear Information System (INIS)

Pop, M. G.; Shoemaker, P.; Colgan, K.; Griffith, J.

2008-01-01

An advanced economic model in SG Asset Management, called B-Factor Methodology Tool, was developed by AREVA NP (Patent Pending), and used during the summer of 2006. The Tool allowed prediction of the future cost for a selected combination of mitigation techniques at a utility, while considering the tube deposit evolution and its effects on their particular SGs. The Tool, which was presented in its basic theoretical form at the ICAPP Meeting in Nice in 2007, has been greatly improved and was applied again at the end of 2007 at another utility. The elements of the B-Factor Methodology are the annual and cumulative net present value, and the annual escalated direct and indirect costs/benefits. All these are relative to a base case for a selected combination of mitigation techniques, considering the tube deposit evolution and its effects on the SG tubing area and SG pressure losses and ultimately on the plant power production. This paper will present the actual progress made in improving the Tool during 2007 so that it successfully predicts the optimum combination of various SG maintenance activities for any given utility. Simulated results of the operation of the B-Factor Methodology Tool for a complex scenario of Asset Management reasoning are also presented. (authors)

A Proactive Aging/Asset Management Model to Optimize Equipment Maintenance Resources Over Plant Lifetime

International Nuclear Information System (INIS)

Meyer, Theodore A.; Perdue, Robert K.; Woodcock, Joel; Elder, G. Gary

2002-01-01

Experience has shown that proactive aging/asset management can best be defined as an ongoing process. Station goals directly supported by such a process include reducing Unplanned Capability Loss Factor and gaining the optimum value from maintenance and aging management budgets. An effective aging/asset management process must meet evolving and sometimes conflicting requirements for efficient and reliable nuclear power plant operation. The process should identify most likely contributors before they fail, and develop cost-effective contingencies. Current trends indicate the need for focused tools that give quantitative input to decision-making. Opposing goals, such as increasing availability while optimizing aging management budgets, must be balanced. Recognizing the importance of experience in reducing the uncertainty inherent in predicting equipment degradation rates, nuclear industry demographics suggest the need to capture existing expert knowledge in a usable form. The Proactive Aging/Asset Management Process has been developed to address these needs. The proactive approach is a process supported by tools. The process identifies goals and develops criteria - including safety, costs, and power production - that are used to prioritize systems and equipment across the plant. The process then draws upon tools to most effectively meet the plant's goals. The Proactive Aging/Asset Management Model TM is one software-enabled tool designed for mathematical optimization. Results assist a plant in developing a plant-wide plan of aging management activities. This paper describes the proactive aging/asset management process and provides an overview of the methodology that has been incorporated in a model to perform a plant-wide optimization of aging management activities. (authors)

Review, analysis and evaluation of systems for multimedia asset management in organizations

Directory of Open Access Journals (Sweden)

Jesús Cascón-Katchadourian

2018-02-01

Full Text Available Contemporary organizations have faced the growing management of digital assets of audiovisual and multimedia nature, many of them of heritage interest. This article reviews and analyzes five multimedia asset managers of contemporary full significance. After systematizing an analysis sheet on the general characteristics and modules that this type of systems must satisfy, we proceeded to evaluate each one of the selected digital management systems, offering as a result the discussion of the advantages provided by each one of them, their distinctive characteristics, as well as the evaluation of their professional suitability.

Right of way real property asset management : prototype data architecture.

Science.gov (United States)

2009-02-01

The Texas Department of Transportation (TxDOT) is responsible for managing 1.1 million acres of land that : provide right of way for approximately 80,000 centerline miles of state-maintained roads. Management of : the huge right of way asset involves...

75 FR 47318 - GE Asset Management Incorporated and GE Investment Distributors, Inc.; Notice of Application and...

Science.gov (United States)

2010-08-05

...] GE Asset Management Incorporated and GE Investment Distributors, Inc.; Notice of Application and.... Applicants: GE Asset Management Incorporated (``GEAM'') and GE Investment Distributors, Inc. (``GEID... of Investment Management, Office of Investment Company Regulation). SUPPLEMENTARY INFORMATION: The...

31 CFR 223.9 - Valuation of assets and liabilities.

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false Valuation of assets and liabilities. 223.9 Section 223.9 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY FINANCIAL MANAGEMENT SERVICE SURETY COMPANIES DOING BUSINESS...

Making decentralised systems viable: a guide to managing decentralised assets and risks.

Science.gov (United States)

Willetts, J; Fane, S; Mitchell, C

2007-01-01

Decentralised systems have the potential to provide a viable option for long term sustainable management of household wastewater. Yet, at present, such systems hold an uncertain status and are frequently omitted from consideration. Their potential can only be realised with improved approaches to their management, and improved methods to decision-making in planning of wastewater systems. The aim of this paper is to demonstrate the value of a novel framework to guide the planning of decentralised systems so that asset management and risk management are explicitly considered. The framework was developed through a detailed synthesis of literature and practice in the area of asset management of centralised water and wastewater systems, and risk management in the context of decentralised systems. Key aspects of the framework are attention to socio-economic risks as well as engineering, public health and ecological risks, the central place of communication with multiple stakeholders and establishing a shared asset information system. A case study is used to demonstrate how the framework can guide a different approach and lead to different, more sustainable outcomes, by explicitly considering the needs and perspectives of homeowners, water authorities, relevant government agencies and society as a whole.

Deferred Tax Assets and Deferred Tax Expense Against Tax Planning Profit Management

Directory of Open Access Journals (Sweden)

Warsono

2017-09-01

Full Text Available The purpose of this study is to examine the probability of earnings management performed by Property and Real Estate companies listed in Indonesia Stock Exchange (BEI in the period 2011-2015. How to do the management to influence the accounting numbers can be either profit management through deferred tax assets, deferred tax expense and tax planning in the financial statements. This paper examines the effect of deferred tax assets deferred tax burden, and tax planning to earnings management conducted by the company. Data of the research is to use secondary data from company financial statements that were downloaded from the official website of Indonesia Stock Exchange. Using sampling technique is performed by purposive sampling. The study population is the Property and Real Estate companies listed in Indonesia Stock Exchange in the period 2011-2015. The study take sample as many as 34 companies Property and Real Estate in the Stock Exchange in 2011-2015. Hypothesis testing uses multiple regressions with SPSS software version 22. The result shows that the Deferred Tax Assets positive and significant effect on earnings management; while deferred tax expense and tax planning significant negative effect on earnings management.

Asset planning performance measurement framework

NARCIS (Netherlands)

Arthur, D.; Hodkiewicz, M.; Schoenmaker, R.; Muruvan, S.

2014-01-01

The international asset management standard ISO 55001, introduced in early 2014, outlines the requirement for an effective Asset Management System. Asset Management practitioners are seeking guidance on implementing one of the key requirements of the standard: the “line of sight” between the

Integrating risk analysis and multi-criteria decision support under uncertainty in electricity distribution system asset management

International Nuclear Information System (INIS)

Catrinu, M.D.; Nordgard, D.E.

2011-01-01

Asset managers in electricity distribution companies generally recognize the need and the challenge of adding structure and a higher degree of formal analysis into the increasingly complex asset management decisions. This implies improving the present asset management practice by making the best use of the available data and expert knowledge and by adopting new methods for risk analysis and decision support and nevertheless better ways to document the decisions made. This paper discusses methods for integrating risk analysis and multi-criteria decision support under uncertainty in electricity distribution system asset management. The focus is on how to include the different company objectives and risk analyses into a structured decision framework when deciding how to handle the physical assets of the electricity distribution network. This paper presents an illustrative example of decision support for maintenance and reinvestment strategies based, using expert knowledge, simplified risk analyses and multi-criteria decision analysis under uncertainty.

Knowledge Assets Management and the Librarians' Roles in ...

African Journals Online (AJOL)

The paper examined how the issues of knowledge assets management feature in modern academic librarianship, and the roles librarians play as drivers of education and nation building in Nigeria, using the new milieu of Information Communication Technology (ICT). A descriptive survey design was adopted for the study.

77 FR 60732 - PACE Select Advisors Trust and UBS Global Asset Management (Americas) Inc.; Notice of Application

Science.gov (United States)

2012-10-04

....; Institutional Capital, LLC; J.P. Morgan Investment Management, Inc.; Kayne Anderson Rudnick Investment...; Standish Mellon Asset Management Company, LLC; Systematic Financial Management, L.P.; Wellington Management... Select Advisors Trust and UBS Global Asset Management (Americas) Inc.; Notice of Application September 27...

Artificial Intelligent Platform as Decision Tool for Asset Management, Operations and Maintenance.

Science.gov (United States)

2018-01-04

An Artificial Intelligence (AI) system has been developed and implemented for water, wastewater and reuse plants to improve management of sensors, short and long term maintenance plans, asset and investment management plans. It is based on an integrated approach to capture data from different computer systems and files. It adds a layer of intelligence to the data. It serves as a repository of key current and future operations and maintenance conditions that a plant needs have knowledge of. With this information, it is able to simulate the configuration of processes and assets for those conditions to improve or optimize operations, maintenance and asset management, using the IViewOps (Intelligent View of Operations) model. Based on the optimization through model runs, it is able to create output files that can feed data to other systems and inform the staff regarding optimal solutions to the conditions experienced or anticipated in the future.

Dynamic service contracting for on-demand asset delivery

NARCIS (Netherlands)

Zhao, X.; Angelov, S.A.; Grefen, P.W.P.J.

2014-01-01

Traditional financial asset lease operates in an asset provider centred mode, in which financiers passively provide financial solutions to the customers of their allied asset vendors. To capture the highly customised asset lease demands from the mass market, this paper advocates adopting a

Urban water infrastructure asset management - a structured approach in four water utilities.

Science.gov (United States)

Cardoso, M A; Silva, M Santos; Coelho, S T; Almeida, M C; Covas, D I C

2012-01-01

Water services are a strategic sector of large social and economic relevance. It is therefore essential that they are managed rationally and efficiently. Advanced water supply and wastewater infrastructure asset management (IAM) is key in achieving adequate levels of service in the future, particularly with regard to reliable and high quality drinking water supply, prevention of urban flooding, efficient use of natural resources and prevention of pollution. This paper presents a methodology for supporting the development of urban water IAM, developed during the AWARE-P project as well as an appraisal of its implementation in four water utilities. Both water supply and wastewater systems were considered. Due to the different contexts and features of the utilities, the main concerns vary from case to case; some problems essentially are related to performance, others to risk. Cost is a common deciding factor. The paper describes the procedure applied, focusing on the diversity of drivers, constraints, benefits and outcomes. It also points out the main challenges and the results obtained through the implementation of a structured procedure for supporting urban water IAM.

Experiences with Deriva: An Asset Management Platform for Accelerating eScience.

Science.gov (United States)

Bugacov, Alejandro; Czajkowski, Karl; Kesselman, Carl; Kumar, Anoop; Schuler, Robert E; Tangmunarunkit, Hongsuda

2017-10-01

The pace of discovery in eScience is increasingly dependent on a scientist's ability to acquire, curate, integrate, analyze, and share large and diverse collections of data. It is all too common for investigators to spend inordinate amounts of time developing ad hoc procedures to manage their data. In previous work, we presented Deriva, a Scientific Asset Management System, designed to accelerate data driven discovery. In this paper, we report on the use of Deriva in a number of substantial and diverse eScience applications. We describe the lessons we have learned, both from the perspective of the Deriva technology, as well as the ability and willingness of scientists to incorporate Scientific Asset Management into their daily workflows.

Models and Tabu Search Metaheuristics for Service Network Design with Asset-Balance Requirements

DEFF Research Database (Denmark)

Pedersen, Michael Berliner; Crainic, T.G.; Madsen, Oli B.G.

2009-01-01

This paper focuses on a generic model for service network design, which includes asset positioning and utilization through constraints on asset availability at terminals. We denote these relations as "design-balance constraints" and focus on the design-balanced capacitated multicommodity network...... design model, a generalization of the capacitated multicommodity network design model generally used in service network design applications. Both arc-and cycle-based formulations for the new model are presented. The paper also proposes a tabu search metaheuristic framework for the arc-based formulation....... Results on a wide range of network design problem instances from the literature indicate the proposed method behaves very well in terms of computational efficiency and solution quality....

Application of a Long Term Asset Management Strategy for HP Feedwater Heaters

International Nuclear Information System (INIS)

Won, Se Youl; Yun, Eun Sub; Park, Young Sheop

2008-01-01

As the commercial operating year of nuclear power plants is increased, it becomes imperative to develop integrated cost-effective asset management and to improve plans for degraded Structures, Systems, and Components (SSCs) in terms of safety and economical consideration. A long-term asset management (LTAM) strategy can improve the condition of nuclear plants, maximize their value, and optimize their operational life by maintaining their safety. This paper presents an optimized LTAM plan for HP feedwater heaters at a specific nuclear power plant

Asset Management The State of the Art in Europe from a Life Cycle Perspective

CERN Document Server

Herder, Paulien; Wijnia, Ype

2012-01-01

In the past decades asset intensive companies have witnessed a number of regulatory changes and especially industry is facing ever increasing competitiveness. To overcome these challenges different asset management methods have been developed aimed to improve the asset life cycle. Especially the design phase and operation and maintenance phase have seen a rise in tools and methods. Smarter design can lead to improved operation. Likewise, improved operation and maintenance leads to lower replacement costs and may provide the basis for better design.   This book brings together and coherently presents the current state of the art in asset management research and practice in Europe from a life cycle perspective. Each chapter  focuses on specific parts of this life cycle and explains how the methods and techniques described are connected and how they improve the asset life cycle, thus treating this important subject from a unique perspective.

A block chain based architecture for asset management in coalition operations

Science.gov (United States)

Verma, Dinesh; Desai, Nirmit; Preece, Alun; Taylor, Ian

2017-05-01

To support dynamic communities of interests in coalition operations, new architectures for efficient sharing of ISR assets are needed. The use of blockchain technology in wired business environments, such as digital currency systems, offers an interesting solution by creating a way to maintain a distributed shared ledger without requiring a single trusted authority. In this paper, we discuss how a blockchain-based system can be modified to provide a solution for dynamic asset sharing amongst coalition members, enabling the creation of a logically centralized asset management system by a seamless policy-compliant federation of different coalition systems. We discuss the use of blockchain for three different types of assets in a coalition context, showing how blockchain can offer a suitable solution for sharing assets in those environments. We also discuss the limitations in the current implementations of blockchain which need to be overcome for the technology to become more effective in a decentralized tactical edge environment.

The instrument of asset securitization on the basis of investment funds

Directory of Open Access Journals (Sweden)

O.S. Novak

2015-03-01

Full Text Available This article explores the instruments of asset securitization on the basis of investment funds According to the proposed national model of asset securitization on the basis of investment funds developed the financial instruments, which provide its implementation. Depending on the opportunities the payment management proposed to service the operations of asset securitization by investment certificates with replenishment and without the possibility of replenishment. The use of financial instruments without the possibility of replenishment envisages a simple and low-cost operation of redirecting funds from the originator to the investors in the form of investment income by certification of securitization fund. The instruments with replenishment allow not only to redirect payments for operations of assets securitization, but also to manage them in order to minimize risks.

Key determinants of managing the marketing asset of global companies

OpenAIRE

Tatyana Tsygankova; Roman Ponomarenko

2016-01-01

As a result of organization and summarization of key concepts of evolution of the marketing tools of global companies, the authors determined the role of the marketing assets in the system of modern marketing management (as a dialectically higher stage of development of the analyzed tools, which will allow overcoming the antagonistic contradiction of “P- and C-vectors” of their development). The article identified the optimal set of key elements of the system of marketing assets, which are th...

CSIR’s advocacy and support of infrastructure asset management

CSIR Research Space (South Africa)

Wall, K

2008-11-01

Full Text Available That increasing attention is being paid to infrastructure asset management (IAM) is timely, and owes something to the work of the CSIR in discovering and documenting the state of infrastructure, and in leading specific aspects of the process...

Framework, process and tool for managing technology-based assets

CSIR Research Space (South Africa)

Kfir, R

2000-10-01

Full Text Available ) and the intellectual property (IP) of the organisation, The study describes a framework linking the core processes supporting the management of technology-based assets and offerings with other organisational elements such as leadership, strategy, and culture. Specific...

Business Performance Measurements in Asset Management with the Support of Big Data Technologies

Science.gov (United States)

Campos, Jaime; Sharma, Pankaj; Jantunen, Erkki; Baglee, David; Fumagalli, Luca

2017-09-01

The paper reviews the performance measurement in the domain of interest. Important data in asset management are further, discussed. The importance and the characteristics of today's ICTs capabilities are also mentioned in the paper. The role of new concepts such as big data and data mining analytical technologies in managing the performance measurements in asset management are discussed in detail. The authors consequently suggest the use of the modified Balanced Scorecard methodology highlighting both quantitative and qualitative aspects, which is crucial for optimal use of the big data approach and technologies.

Digital asset ecosystems rethinking crowds and cloud

CERN Document Server

Blanke, Tobias

2014-01-01

Digital asset management is undergoing a fundamental transformation. Near universal availability of high-quality web-based assets makes it important to pay attention to the new world of digital ecosystems and what it means for managing, using and publishing digital assets. The Ecosystem of Digital Assets reflects on these developments and what the emerging 'web of things' could mean for digital assets. The book is structured into three parts, each covering an important aspect of digital assets. Part one introduces the emerging ecosystems of digital assets. Part two examines digital asset manag

7 CFR 4290.900 - Management fees for services provided to an Enterprise by RBIC or its Associate.

Science.gov (United States)

2010-01-01

... AGRICULTURE RURAL BUSINESS INVESTMENT COMPANY (âRBICâ) PROGRAM Financing of Enterprises by RBICs Limitations on Disposition of Assets § 4290.900 Management fees for services provided to an Enterprise by RBIC or... management services that you or your Associate provide to an Enterprise that you do not finance. (b) The...

Chemical cleaning an essential part of steam generator asset management

International Nuclear Information System (INIS)

Amman, Franz

2008-01-01

Chemical Cleaning an essential part of Steam Generator asset management accumulation of deposits is intrinsic for the operation of Steam Generators in PWRs. Such depositions often lead to reduction of thermal performance, loss of component integrity and, in some cases to power restrictions. Accordingly removal of such deposits is an essential part of the asset management of the Steam Generators in a Nuclear Power Plant. Every plant has its individual condition, history and constraints which need to be considered when planning and performing a chemical cleaning. Typical points are: - Sludge load amount and constitution of the deposits - Sludge distribution in the steam generator - Existing or expected corrosion problems - Amount and tendency of fouling for waste treatment Depending on this points the strategy for chemical cleaning shall be evolved. the range of treatment starts with very soft cleanings with a removal of approx 100 kg per steam generator and goes to a full scale cleaning which can remove up to several thousand kilograms of deposits from a steam generator. Depending on the goal to be achieved and the steam generator present an adequate cleaning method shall be selected. This requires flexible and 'customisable' cleaning methods that can be adapted to the individual needs of a plant. Such customizing of chemical cleaning methods is an essential factor for an optimized asset management of the steam generator in a nuclear power plant

Asset Management Plans, Appraisal Guidance for 2003-04.

Science.gov (United States)

Department for Education and Skills, London (England).

This document is one in a series which aims to assist Local Authorities in Britain with asset management planning (AMPs) for schools. AMPs set out the information needed, and the criteria used, to make decisions about spending on school premises. The document provides guidance on the appraisal of school AMPs in 2002 to inform 3-year formulaic…

2014 National Asset Management Conference and training on implementation strategies.

Science.gov (United States)

2014-07-01

This report documents the major research activities conducted as part of the Federal Highway Administration (FHWA) : Transportation Pooled Fund (TPF) Program project, TPF-5(275) 2014 National Asset Management Conference and Training on : Implementati...

Implementation of transportation asset management in Grandview, Missouri : final report.

Science.gov (United States)

2017-02-01

The successful implementation of transportation asset management (TAM) by local governments facilitates the optimization of limited resources. The use of a data-driven TAM program helps to identify and prioritize needs, identify and dedicate resource...

Asset Management Costs and Financial Performance of Dutch Pension Funds in 2011-2014

NARCIS (Netherlands)

Hollanders, David

2016-01-01

The costs of Dutch pension funds have increased in the last decades. The costs, as a percentage of assets invested, doubled between 1992-2009. In 2014 total costs equalled 6.3 billion euro, or 19.6% of annual contributions. Asset management is the largest component of costs. Pension funds claim that

Strategic asset management in municipalities: challenges, and solutions to enhance performance

CSIR Research Space (South Africa)

Wall, K

2008-08-01

Full Text Available : “Strategic public sector asset management” Johannesburg, 25 August 2008 Strategic asset management in municipalities: challenges, and solutions to enhance performance Sequence of presentation: 1. Introduction 2. Integrated delivery process – weakest... link – report card 3. Legislation and strategies 4. Basic IAM cycle – and needs 5. What should be done 6. To conclude Chapter 1: If below par, why (short version)? What should be done (summary)? Reasons for below-par performance: • The priority...

75 FR 55376 - Transamerica Asset Management, Inc. et al.; Notice of Application

Science.gov (United States)

2010-09-10

... more investment companies for short-term cash management purposes, or (ii) engage in interfund... Fund to: (i) acquire securities of one or more investment companies for short-term cash management...] Transamerica Asset Management, Inc. et al.; Notice of Application September 3, 2010 AGENCY: Securities and...

Best practices in selecting performance measures and standards for effective asset management.

Science.gov (United States)

2011-06-01

"This report assesses and provides guidance on best practices in performance measurement, management and standards : setting for effective Transportation Asset Management (TAM). The study is conducted through a literature review, a : survey of the 50...

Development of Asset Management Control Application for Direktorat Jenderal Sumber Daya dan Perangkat Pos dan Informatika

Directory of Open Access Journals (Sweden)

Richard Richard

2017-09-01

Full Text Available The purpose of this research was to identify problems, analyze needs, and develop management information system especially the process internal control of asset management on Direktorat Jenderal Sumber Daya dan Perangkat Pos dan Informatika (SDPPI - government communication and informatics organization. This system development used the System Development Life Cycle (SDLC method which refers to 4 phases. Those were initiation and business feasibility, requirements definitions, functional design, and verification. The analysis used to support the research methods was Enterprise Architecture (EA and SWOT. The analysis was conducted on business process that was running at the moment. The results show that the management information system in the form of web-based applications can help the process based on activity logging assets, assets allocation, complaints, and user guide in accordance with the needs of the Direktorat Jendral SDPPI. The design of this application can also help the existing asset management process to become more efficient and effective.

Best practices in geographic information systems-based transportation asset management

Science.gov (United States)

2012-01-31

This report provides background on GIS and asset management, describes how public agencies have been integrating the two, and identifies benefits and challenges to doing so. The information presented is gleaned from a literature review and interviews...

Broadening the influence of asset managers through the six principles of persuasion

Directory of Open Access Journals (Sweden)

Swart, Petrus Daniel

2016-08-01

Full Text Available Asset managers (AMRs have long struggled to influence others within their organisations to support Asset Management (AM practices. This dilemma was further highlighted with the issuance of the AM suite of standards, ISO 55000. This paper explores an alternative approach to existing influence and change management approaches. Social psychology, and more specifically Robert Cialdini’s ‘six principles of persuasion’, have benefited advertisers, lawyers, and even waiters in their respective professions, by helping them to influence others and induce compliance. Fortunately, AMRs can now do the same. Implementing these principles offers numerous advantages and requires small, practical, and often costless changes that can make a large difference to their ability to influence and persuade others in an ethical way.

Safety outcomes for engineering asset management organizations: Old problem with new solutions?

International Nuclear Information System (INIS)

Novak, Jeremy; Farr-Wharton, Ben; Brunetto, Yvonne; Shacklock, Kate; Brown, Kerry

2017-01-01

The issue of safety and longevity of engineering assets is of increasing importance because of their impact when disasters happen. This paper addresses a literature gap by examining the role of workplace relationships in employees' safety behaviour, and builds on the Resilience Engineering (RE) framework by examining some organisational culture factors affecting how employees behave. A Social Exchange framework is used to examine the impact of supervisor-employee relationships, employee commitment to safety practices, and the type of maintenance culture upon employees’ commitment to safety and safety outcomes. Survey data from 284 technical and engineering employees in engineering asset management organisations within Australia were analyzed using Structural Equation Modelling (SEM). Effective employee relationships with management and a proactive maintenance culture were associated with employee commitment to safety culture and safety outcomes. The findings provide empirical support for embedding an effective organisational culture focused on a proactive maintenance approach, along with ensuring employees are committed to safety processes, to ensure safety outcomes and also asset longevity. One study contribution is that good safety outcomes do not develop in a vacuum; instead they are built on effective workplace relationships. Therefore, SET helps to explain the forming of effective safety culture. - Highlights: • Effective workplace relationships with management positively affect organisational safety outcomes. • Supported maintenance cultures positively affect organisational safety outcomes. • Asset longevity requires strong focus on maintenance and safety embedded in the work cultures and everyday practices of employees.

Positioning the Learning Asset Portfolio as a Key Component in an Organization's Enterprise Risk Management Strategy

Science.gov (United States)

McAliney, Peter J.

2009-01-01

This article presents a process for valuing a portfolio of learning assets used by line executives across industries to value traditional business assets. Embedded within the context of enterprise risk management, this strategic asset allocation process is presented step by step, providing readers the operational considerations to implement this…

Business process management in sustainable property/asset management by using the TotalObserver

Directory of Open Access Journals (Sweden)

Milosavljević Boško B.

2012-01-01

Full Text Available The use of software became of great importance for successful facility and property management worldwide, because of its possibilities for generating savings in multiple areas and not just in operational areas and improving business processes. This paper displays the growing facility and property management market in Serbia and the software TotalObserver as a solution for the emerging problems for this market. Case studies and operational use of TotalObserver confirmed that significant savings can be generated by using software for asset management.

Essays on Market Microstructure, Behavioral Finance, and Asset Management

Science.gov (United States)

Jochec, Marek

2009-01-01

This is a study on various aspects of market microstructure, behavioral finance and asset management. In the first chapter we put the PIN variable (Probability of Information-based trading) to test. The PIN variable has been used extensively in the microstructure literature despite the fact that its construction is based on rather strong…

Exploring Bim for Operational Integrated Asset Management - a Preliminary Study Utilising Real-World Infrastructure Data

Science.gov (United States)

Boyes, G. A.; Ellul, C.; Irwin, D.

2017-10-01

The use of 3D information models within collaborative working environments and the practice of Building Information Modelling (BIM) are becoming more commonplace within infrastructure projects. Currently used predominantly during the design and construction phase, the use of BIM is capable in theory of providing the information at handover that will satisfy the Asset Information Requirements (AIRs) of the future Infrastructure Manager (IM). One particular challenge is establishing a link between existing construction-centric information and the asset-centric information needed for future operations. Crossrail, a project to build a new high-frequency railway underneath London, is handling many such challenges as they prepare to handover their digital information to the future operator, in particular the need to provide a two-way link between a federated 3D CAD model and an object-relational Asset Information Management System (AIMS). This paper focusses on the potential for improved Asset Management (AM) by integrating BIM and GIS systems and practices, and makes a preliminary report on how 3D spatial queries can be used to establish a two-way relational link between two information systems (3D geometry and asset lists), as well as the challenges being overcome to transform the data to be suitable for AM.

Asset management as a strategic decision-making tool in DelDOT.

Science.gov (United States)

2008-10-01

Asset management has been receiving greater attention at both the state and national : levels. Escalating demands by the public for increased accountability, aging : infrastructure, increasingly constrained resources, new funding challenges, and incr...

Analytical Provision of Management of Intangible Assets

Directory of Open Access Journals (Sweden)

Shelest Viktoriya S.

2013-11-01

Full Text Available The goal of the article lies in the study of the process of conduct of economic analysis of such a complex product of the innovation and information society as objects of intellectual property, which are accepted in business accounting as intangible assets. All-absorbing integration processes in the economy and large-scale propagation of information technologies influence the capital structure. Thus, accepting intangible assets as a driving factor of competitiveness, enterprises prefer namely these assets, reducing the share of tangible assets. Taking this into account the scientists thoroughly studied the issues of economic analysis of intangible assets, since the obtained data are the main source of accounting and analytical information required for making weighted managerial decisions. At the same time, the issues of authenticity, accuracy, efficiency and transparency of the obtained results become topical. In the process of the study the article shows information content of the accounting and analytical data due to introduction of accounting and conduct of economic analysis of intangible assets. The article considers the modern state of the methods of analysis of intangible assets based on opinions of scientists. It characterises economic and legal state of development of licence agreements in Ukraine. It justifies economic expediency of use of such agreements. It forms the ways of making efficient managerial decisions on use of intangible assets in economic activity of subjects of entrepreneurship.

Does Culture Influence Asset Managers? Views and Behavior?

OpenAIRE

Beckmann, Daniela; Menkhoff, Lukas

2007-01-01

This research enters new ground by presenting comparative survey evidence on asset managers' views and behavior in the United States, Germany, Japan and Thailand. Relying on Hofstede's four cultural dimensions, we find that cultural differences are most helpful in understanding country differences which cannot be explained by pure economic reasoning. In short, controlling for various determinants, the dimension of more Individualism predicts less herding behavior, more Power Distance leads to...

76 FR 13438 - AccessTel, Inc., American Asset Management Corp., DME Interactive Holdings, Inc., DocuPort, Inc...

Science.gov (United States)

2011-03-11

... SECURITIES AND EXCHANGE COMMISSION [File No. 500-1] AccessTel, Inc., American Asset Management Corp., DME Interactive Holdings, Inc., DocuPort, Inc., and iCarbon Corp., Order of Suspension of... Asset Management Corp. because it has not filed any periodic reports since the period ended March 31...

Configuring School Image Assets of Colleges in Taiwan

Science.gov (United States)

Lee, Chia Kun; Chen, Hsin Chu

2018-01-01

Higher education in Taiwan faces various challenges, such as the low-birth rate, blurred positioning, and lack of marketing concepts. In order to sustain, more effect strategies and actions resource should be implemented to enhance service of the colleges and universities. Therefore, image asset management becomes a critical start. This study aims…

Management of Excess Material in the Navys Real Time Reutilization Asset Management Facilities Needs Improvement

Science.gov (United States)

2017-01-23

Commands, that originally purchased the material from the command’s operational and maintenance fund. A flowchart of the RRAM material management process...streamlines business operations for financial and supply chain management . 22 SECNAVINST 4440.33A. The Navy retained excess material stored in 10 of...No. DODIG-2017-043 J A N U A R Y 2 3 , 2 0 1 7 Management of Excess Material in the Navy’s Real-Time Reutilization Asset Management Facilities

Using risk-informed asset management for feedwater system preventative maintenance optimization

International Nuclear Information System (INIS)

Kee, Ernest; Sun, Alice; Richards, Andrew; Grantom, Rick; Liming, James; Salter, James

2004-01-01

The initial development of a South Texas Project Nuclear Operating Company process for supporting preventative maintenance optimization by applying the Balance-Of-Plant model and Risk-Informed Asset Management alpha-level software applications is presented. Preventative maintenance activities are evaluated in the South Texas Project Risk-Informed Asset Management software while the plant maintains or improves upon high levels of nuclear safety. In the Balance-Of-Plant availability application, the level of detail in the feedwater system is enhanced to support plant decision-making at the component failure mode and human error mode level of indenture by elaborating on the current model at the super-component level of indenture. The enhanced model and modeling techniques are presented. Results of case studies in feedwater system preventative maintenance optimization sing plant-specific data are also presented. (author)

Asset management inventory and data collection.

Science.gov (United States)

2009-10-01

An efficient and accurate inventory of a state highway agencys assets, along with the means to assess the condition : of those assets and model their performance, is critical to enabling an agency to make informed investment decisions : in a Trans...

A literature survey on asset management in electrical power [transmission and distribution] system

OpenAIRE

Khuntia, S.R.; Rueda Torres, José L.; Bouwman, S.; van der Meijden, M.A.M.M.

2016-01-01

Asset management is one of the key components in a transforming electric power industry. Electric power industry is undergoing significant changes because of technical, socio-economical and environmental developments. Also, because of restructuring and deregulation, the focus has been on transmission and distribution assets that include transmission lines, power transformers, protection devices, substation equipment and support structures. This study aims to provide a detailed exposure to ass...

An Update on Asset Management Plans in the United Kingdom.

Science.gov (United States)

Patel, Mukund

1999-01-01

Describes a current project in the United Kingdom designed to improve school buildings. The use of Asset Management Plans (AMPs) in providing the means through which likely future needs are assessed, criteria for prioritization are set, and informed decisions on local spending are made are examined. (GR)

ASSET guidelines

International Nuclear Information System (INIS)

1990-11-01

The IAEA Assessment of Safety Significant Events Team (ASSET) Service provides advice and assistance to Member States to enhance the overall level of plant safety while dealing with the policy of prevention of incidents at nuclear power plants. The ASSET programme, initiated in 1986, is not restricted to any particular group of Member States, whether developing or industrialized, but is available to all countries with nuclear power plants in operation or approaching commercial operation. The IAEA Safety Series publications form common basis for the ASSET reviews, including the Nuclear Safety Standards (NUSS) and the Basic Safety Principles (Recommendations of Safety Series No. 75-INSAG-3). The ASSET Guidelines provide overall guidance for the experts to ensure the consistency and comprehensiveness of their review of incident investigations. Additional guidance and reference material is provided by the IAEA to complement the expertise of the ASSET members. ASSET reviews accept different approaches that contribute to ensuring an effective prevention of incidents at plants. Suggestions are offered to enhance plant safety performance. Commendable good practices are identified and generic lessons are communicated to other plants, where relevant, for long term improvement

Municipal asset management or mismanagement? A six ‘Whats’ perspective on current practices and challenges in Ethiopia’s urban water sector

Directory of Open Access Journals (Sweden)

Tendayi GONDO

2010-06-01

Full Text Available Effective systems of asset management can strengthen the performance of a local economy and community significantly. Despite the existence of new and interactive technologies for recording and communicating assets and asset management, many local authorities across the developing world have not taken advantage of the emerging revolutionary ways in which technologies may benefit municipal asset management. The analysis reviews the current practices, challenges and policy options for Ethiopian cities with regard to the state of the art technology for Municipal Asset Management (MAM in the water and sanitation sector. Empirical evidence relate to a number of independent studies carried out in a sample of Ethiopian cities and towns. The pooling together of these findings was achieved through the Comparative Studies framework. In addition, data was also solicited from a panel of experts dealing with water and sanitation issues. The overall analysis was done within the context of the six Whats? Framework. Results indicate that, the water sector has gone through a number of reforms that have not cascaded into improved infrastructure asset management. Lack of financial resources, human resource expertise and appropriate organizational strategy has constrained the adoption and application of system software for effective asset management.

EXPLORING BIM FOR OPERATIONAL INTEGRATED ASSET MANAGEMENT – A PRELIMINARY STUDY UTILISING REAL-WORLD INFRASTRUCTURE DATA

Directory of Open Access Journals (Sweden)

G. A. Boyes

2017-10-01

Full Text Available The use of 3D information models within collaborative working environments and the practice of Building Information Modelling (BIM are becoming more commonplace within infrastructure projects. Currently used predominantly during the design and construction phase, the use of BIM is capable in theory of providing the information at handover that will satisfy the Asset Information Requirements (AIRs of the future Infrastructure Manager (IM. One particular challenge is establishing a link between existing construction-centric information and the asset-centric information needed for future operations. Crossrail, a project to build a new high-frequency railway underneath London, is handling many such challenges as they prepare to handover their digital information to the future operator, in particular the need to provide a two-way link between a federated 3D CAD model and an object-relational Asset Information Management System (AIMS. This paper focusses on the potential for improved Asset Management (AM by integrating BIM and GIS systems and practices, and makes a preliminary report on how 3D spatial queries can be used to establish a two-way relational link between two information systems (3D geometry and asset lists, as well as the challenges being overcome to transform the data to be suitable for AM.

Asset management program enhancement plan : baseline assessment phases I and II.

Science.gov (United States)

2015-09-01

This project resulted in the development of a framework for making asset management decisions on low-volume bridges. The : research focused on low-volume bridges located in the agricultural counties of Iowa because recent research has shown that thes...

Rule-Based Analytic Asset Management for Space Exploration Systems (RAMSES), Phase II

Data.gov (United States)

National Aeronautics and Space Administration — Payload Systems Inc. (PSI) and the Massachusetts Institute of Technology (MIT) were selected to jointly develop the Rule-based Analytic Asset Management for Space...

Rule-Based Analytic Asset Management for Space Exploration Systems (RAMSES), Phase I

Data.gov (United States)

National Aeronautics and Space Administration — Currently, the state-of-the-art in space asset tracking and information management is bar-coding with relational database support. To support NASA's need for...

Real-Time Location Systems for Asset Management in Nursing Homes: An Explorative Study of Ethical Aspects

Directory of Open Access Journals (Sweden)

J. van Hoof

2018-04-01

Full Text Available Real-time location systems (RTLS can be implemented in aged care for monitoring persons with wandering behaviour and asset management. RTLS can help retrieve personal items and assistive technologies that when lost or misplaced may have serious financial, economic and practical implications. Various ethical questions arise during the design and implementation phases of RTLS. This study investigates the perspectives of various stakeholders on ethical questions regarding the use of RTLS for asset management in nursing homes. Three focus group sessions were conducted concerning the needs and wishes of (1 care professionals; (2 residents and their relatives; and (3 researchers and representatives of small and medium-sized enterprises (SMEs. The sessions were transcribed and analysed through a process of open, axial and selective coding. Ethical perspectives concerned the design of the system, the possibilities and functionalities of tracking, monitoring in general and the user-friendliness of the system. In addition, ethical concerns were expressed about security and responsibilities. The ethical perspectives differed per focus group. Aspects of privacy, the benefit of reduced search times, trust, responsibility, security and well-being were raised. The main focus of the carers and residents was on a reduced burden and privacy, whereas the SMEs stressed the potential for improving products and services.

AN INVESTIGATION INTO THE SIGNIFICANT IMPACTS OF AUTOMATION IN ASSET MANAGEMENT

OpenAIRE

Benjamin L. Britton; David G. Atkinson

2017-01-01

This paper explores the implications of applying automation, a technological force in which computer systems can fulfill human tasks, into the asset management industry. The investigation explores a number of significant topics in which managers should begin contemplating, including workforce origination post automation, the primary skills necessary to facilitate augmentation, and how robo advisors could challenge an organization’s value proposition. The investigation was centered on Jupiter ...

A life cycle costing approach for discounting in age and interval replacement optimisation models for civil infrastructure assets

NARCIS (Netherlands)

van den Boomen, M.; Schoenmaker, R.; Wolfert, A.R.M.

2017-01-01

Civil infrastructure assets, such as roads, locks, bridges, treatment plants and storm surge barriers, are often characterised by long service lives and corresponding technical life cycles. When life cycles are long, the time value of money plays a role in asset management decision-making on capital

A multiple decision support metrics method for effective risk-informed asset management

International Nuclear Information System (INIS)

Liming, J.K.; Salter, J.E.

2004-01-01

The objective of this paper is to provide electric utilities with a concept for developing and applying effective decision support metrics via integrated risk-informed asset management (RIAM) programs for power stations and generating companies. RIAM is a process by which analysts review historical performance and develop predictive logic models and data analyses to predict critical decision support figures-of-merit (or metrics) for generating station managers and electric utility company executives. These metrics include, but are not limited to, the following: profitability, net benefit, benefit-to-cost ratio, projected return on investment, projected revenue, projected costs, asset value, safety (catastrophic facility damage frequency and consequences, etc.), power production availability (capacity factor, etc.), efficiency (heat rate), and others. RIAM applies probabilistic safety assessment (PSA) techniques and generates predictions in a probabilistic way so that metrics information can be supplied to managers in terms of probability distributions as well as point estimates. This enables the managers to apply the concept of 'confidence levels' in their critical decision-making processes. (authors)

Can we delay the replacement of this component?-an asset management approach to the question [for electric utilities

DEFF Research Database (Denmark)

Østergaard, Jacob; Jensen, A. Norsk

2001-01-01

Asset management is emerging as a new approach on how to exploit an electric utility physical asset in the most profitable way. One of the major questions to answer by the asset management staff is when to do replacements? This is a difficult question, which require weighting of several parameter...... on Windows CE handheld computers which are presented in this paper. The calculations shown in the paper are based on this tool, and the software system is today available and used by Danish electric utilities....

Choosing a Digital Asset Management System That's Right for You

Science.gov (United States)

Kaplan, Deborah

2009-01-01

Planning is necessary in selecting the appropriate digital asset management system for your institution. Key issues one should consider in planning: the objects to be stored, where they come from, and how they will be accessed; the end users; and the needed staffing levels for system maintenance. During the development of the system requirements,…

Why (just) information is not enough: The contributions of information services in the management of healthcare information

Science.gov (United States)

Kostagiolas, P.; Lappa, E.

2015-02-01

Information is at the centre of every hospital activity including clinical decisions and healthcare service delivery systems. Although information is an important hospital asset, several issues related to its management and organization needs to be addressed within the hospitals. The management of healthcare information is a strategic goal related to the reduction of healthcare service provision costs, and to the improvement of quality and safety of healthcare services. By discussing the rather obvious necessity for information organization and management in the healthcare domain, this work aims at the role of healthcare information services, i.e. hospital libraries and patient medical records. Finally, a typology of information services' contributions to hospital environment is presented.

Practical application of decision support metrics for power plant risk-informed asset management

International Nuclear Information System (INIS)

Liming, James K.; Johnson, David H.; Kee, Ernest J.; Sun, Alice Y.; Young, Garry G.

2003-01-01

The objective of this paper is to provide electric utilities with a concept for developing and applying effective decision support metrics via integrated risk-informed asset management (RIAM) programs for power stations and generating companies. RIAM is a process by which analysts review historical performance and develop predictive logic models and data analyses to predict critical decision support figures-of-merit (or metrics) for generating station managers and electric utility company executives. These metrics include, but are not limited to, the following; profitability, net benefit, benefit-to-cost ratio, projected return on investment, projected revenue, projected costs, asset value, safety (catastrophic facility damage frequency and consequences, etc.), power production availability (capacity factor, etc.), efficiency (heat rate), and others. RIAM applies probabilistic safety assessment (PSA) techniques and generates predictions probabilistically so that metrics information can be supplied to managers in terms of probability distributions as well as point estimates. This enables the managers to apply the concept of 'confidence levels' in their critical decision-making processes. (author)

Investor Flows to Asset Managers

DEFF Research Database (Denmark)

Christoffersen, Susan E. K.; Musto, David K.; Wermers, Russ

2014-01-01

of the financial system and the real economy, and the retirement security and protection of the investors. There is an accordingly large and growing literature on flows that has concentrated on the main retail investment pool, the open-end mutual fund, and has used flows to explore many aspects of retail financial...... decision making. We survey this literature and, where relevant, describe how open-end flows compare to other investment vehicles. We also identify opportunities both for future research and for refinement of mutual fund design, in particular as suggested by the recent rethinking of retail investment pools......Cash flows between investors and funds are both cause and effect in a complex web of economic decisions. Among the issues at stake are the prospects and fees of the funds, the efforts and risk choices by the funds' managers, the pricing and comovement of the assets they trade, the stability...

75 FR 77922 - Nuveen Asset Management, et al.; Notice of Application

Science.gov (United States)

2010-12-14

... SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 29522; File No. 812-13839] Nuveen Asset Management, et al.; Notice of Application December 8, 2010. AGENCY: Securities and Exchange... company's voting stock to be owned by investment companies and companies controlled by them. 2. Section 12...

76 FR 78594 - Reporting of Specified Foreign Financial Assets

Science.gov (United States)

2011-12-19

... Reporting of Specified Foreign Financial Assets AGENCY: Internal Revenue Service (IRS), Treasury. ACTION... foreign financial assets and the value of those assets is more than the applicable reporting threshold... hold specified foreign financial assets generally will be excepted from reporting such assets under...

Asset Condition, Information Systems and Decision Models

CERN Document Server

Willett, Roger; Brown, Kerry; Mathew, Joseph

2012-01-01

Asset Condition, Information Systems and Decision Models, is the second volume of the Engineering Asset Management Review Series. The manuscripts provide examples of implementations of asset information systems as well as some practical applications of condition data for diagnostics and prognostics. The increasing trend is towards prognostics rather than diagnostics, hence the need for assessment and decision models that promote the conversion of condition data into prognostic information to improve life-cycle planning for engineered assets. The research papers included here serve to support the on-going development of Condition Monitoring standards. This volume comprises selected papers from the 1st, 2nd, and 3rd World Congresses on Engineering Asset Management, which were convened under the auspices of ISEAM in collaboration with a number of organisations, including CIEAM Australia, Asset Management Council Australia, BINDT UK, and Chinese Academy of Sciences, Beijing University of Chemical Technology, Chin...

Chemical cleaning - essential for optimal steam generator asset management

International Nuclear Information System (INIS)

Ammann, Franz

2009-01-01

Accumulation of deposits in Steam Generator is intrinsic during the operation of Pressurized Water Reactors. Such depositions lead to reduction of thermal performance, loss of component integrity and, in some cases, to power restrictions. Accordingly, removal of such deposits is an essential part of the asset management program of Steam Generators. Every plant has specific conditions, history and constraints which must be considered when planning and performing a chemical cleaning. Typical points are: -Constitution of the deposits or sludge - Sludge load - Sludge distribution in the steam generator - Existing or expected corrosion problems - Amount and tendency of fouling for waste treatment The strategy for chemical cleaning is developed from these points. The range of chemical cleaning treatments starts with very soft cleanings which can remove approximately 100kg per steam generator and ends with full scale, i.e., hard, cleanings which can remove several thousand kilograms of deposits from a steam generator. Dependent upon the desired goal for the operating plant and the steam generator material condition, the correct cleaning method can be selected. This requires flexible cleaning methods that can be adapted to the individual needs of a plant. Such customizing of chemical cleaning methods is a crucial factor for an optimized asset management program of steam generators in a nuclear power plant

Full Service Leasing

OpenAIRE

Richter, Ján

2009-01-01

Aim of this master thesis is to describe the service of Full Service Leasing, as a modern form of financing and management of assets, primarily automobile fleet. Description of full service leasing is designed as a comprehensive and complete guide to support reader's position when deciding to finance and manage a fleet by this service. Whether the reader is an entrepreneur, CFO, fleet manager, new employee of leasing company, or anyone who is interested in this service, this master thesis wil...

Defining ecosystem assets for natural capital accounting

NARCIS (Netherlands)

Hein, Lars; Bagstad, Ken; Edens, Bram; Obst, Carl; Jong, de Rixt; Lesschen, Jan Peter

2016-01-01

In natural capital accounting, ecosystems are assets that provide ecosystem services to people. Assets can be measured using both physical and monetary units. In the international System of Environmental-Economic Accounting, ecosystem assets are generally valued on the basis of the net present

AUTOMATING ASSET KNOWLEDGE WITH MTCONNECT.

Science.gov (United States)

Venkatesh, Sid; Ly, Sidney; Manning, Martin; Michaloski, John; Proctor, Fred

2016-01-01

In order to maximize assets, manufacturers should use real-time knowledge garnered from ongoing and continuous collection and evaluation of factory-floor machine status data. In discrete parts manufacturing, factory machine monitoring has been difficult, due primarily to closed, proprietary automation equipment that make integration difficult. Recently, there has been a push in applying the data acquisition concepts of MTConnect to the real-time acquisition of machine status data. MTConnect is an open, free specification aimed at overcoming the "Islands of Automation" dilemma on the shop floor. With automated asset analysis, manufacturers can improve production to become lean, efficient, and effective. The focus of this paper will be on the deployment of MTConnect to collect real-time machine status to automate asset management. In addition, we will leverage the ISO 22400 standard, which defines an asset and quantifies asset performance metrics. In conjunction with these goals, the deployment of MTConnect in a large aerospace manufacturing facility will be studied with emphasis on asset management and understanding the impact of machine Overall Equipment Effectiveness (OEE) on manufacturing.

Building a DAM To Last: Archiving Digital Assets.

Science.gov (United States)

Zeichick, Alan

2003-01-01

Discusses archiving digital information and the need for organizations to develop policies regarding digital asset management (DAM) and storage. Topics include determining the value of digital assets; formats of digital information; use of stored information; and system architecture, including hardware and asset management software. (LRW)

Why (just) information is not enough: The contributions of information services in the management of healthcare information

Energy Technology Data Exchange (ETDEWEB)

Kostagiolas, P., E-mail: pkostagiolas@ionio.gr [Assistant Professor Department of Archives, Library Science and Museology, Ionian University, CORFU 49100 (Greece); Lappa, E., E-mail: evlappa@med.uoa.gr [Director of Medical Library of General Hospital Attikis KAT, Nikis 2 str, 14564 KIFFISIA-ATHENS (Greece)

2015-02-09

Information is at the centre of every hospital activity including clinical decisions and healthcare service delivery systems. Although information is an important hospital asset, several issues related to its management and organization needs to be addressed within the hospitals. The management of healthcare information is a strategic goal related to the reduction of healthcare service provision costs, and to the improvement of quality and safety of healthcare services. By discussing the rather obvious necessity for information organization and management in the healthcare domain, this work aims at the role of healthcare information services, i.e. hospital libraries and patient medical records. Finally, a typology of information services’ contributions to hospital environment is presented.

Why (just) information is not enough: The contributions of information services in the management of healthcare information

International Nuclear Information System (INIS)

Kostagiolas, P.; Lappa, E.

2015-01-01

Information is at the centre of every hospital activity including clinical decisions and healthcare service delivery systems. Although information is an important hospital asset, several issues related to its management and organization needs to be addressed within the hospitals. The management of healthcare information is a strategic goal related to the reduction of healthcare service provision costs, and to the improvement of quality and safety of healthcare services. By discussing the rather obvious necessity for information organization and management in the healthcare domain, this work aims at the role of healthcare information services, i.e. hospital libraries and patient medical records. Finally, a typology of information services’ contributions to hospital environment is presented

Best practice asset management in the nuclear industry

International Nuclear Information System (INIS)

Maxey, Terry M.

2004-01-01

Pursuit of operational excellence is the goal of every nuclear plant operator. Implementation of Enterprise Asset Management(EAM) solutions in the nuclear industry has significantly contributed to record performance over the last decade in the areas of reliability and production, nuclear and personnel safety, and production cost. This presentation will outline the scope of best practice EAM implementation and highlight performance results achieved from EAM deployment. It will also explore areas of future opportunity in which EAM solutions will support an era of new nuclear plant construction in the United States

[ASSET experience in China

International Nuclear Information System (INIS)

Zhang Shanming

1996-01-01

The ASSET philosophy for prevention of nuclear safety incident is being implemented in our nuclear power plant as the other international nuclear power plants, and the in-depth analysis of operational events in order to find out and eliminate the root causes is considered as the prioritized work in the plant safety management. Some observations are discussed which were made during the implementation of ASSET philosophy and the ASSET approach in our nuclear power plant

[ASSET experience in China

Energy Technology Data Exchange (ETDEWEB)

Shanming, Zhang [Dayabay NPP (China)

1997-12-31

The ASSET philosophy for prevention of nuclear safety incident is being implemented in our nuclear power plant as the other international nuclear power plants, and the in-depth analysis of operational events in order to find out and eliminate the root causes is considered as the prioritized work in the plant safety management. Some observations are discussed which were made during the implementation of ASSET philosophy and the ASSET approach in our nuclear power plant.

Managing asset protection in the re-engineered environment of the nineties

International Nuclear Information System (INIS)

Bender, J.E.

1995-01-01

This paper discusses innovative management of equipment assets during this climate of increased competitiveness in order to reduce the costs of equipment failures, and avoid business interruptions and consequential loss of market share. The topics of the paper include proper design and specification, monitoring, maintenance, timely repair, and protecting buildings

An Exploration of the Professional Competencies Required in Engineering Asset Management

Science.gov (United States)

Bish, Adelle J.; Newton, Cameron J.; Browning, Vicky; O'Connor, Peter; Anibaldi, Renata

2014-01-01

Engineering asset management (EAM) is a rapidly growing and developing field. However, efforts to select and develop engineers in this area are complicated by our lack of understanding of the full range of competencies required to perform. This exploratory study sought to clarify and categorise the professional competencies required of individuals…

The Enterprise Value Creation Management Process and Intangible Assets - the CERM/ROIAM Approach (Japanese)

OpenAIRE

KARIYA Takeaki

2006-01-01

As Robert Redfield has stated, culture is a shared common knowledge and understanding to be manifested in behavior and processed goods. Intangible assets are the fundamental source of enterprise value creation. In this paper we first aim to clarify the compound, complex and multilayered processes whereby intangible assets contribute to value creation, and then aim to formulate the framework of an effective and comprehensive management process referred to as CERM/ROIAM. This approach makes it ...

FLUCTUATION IN PENSION FUND ASSETS PRIVATELY MANAGED UNDER THE INFLUENCE OF CERTAIN FACTORS. STATISTICAL STUDY IN ROMANIA

Directory of Open Access Journals (Sweden)

Dracea Raluca

2011-07-01

Full Text Available On international level, the economic and financial crisis has determined a diminution of the asset value of compulsory pension funds, reflecting a reallocation of funds towards alternative or low-risk investments. The present paper indicates how the net asset value of privately managed pension funds in Romania may be affected or not by certain influence factors in direct correlation with different asset allocation strategies of pension funds. In this way, on literature review there are many studies which have analyzed the fluctuation of pension funds assets and a better reallocation of their investment in order to improve their efficiency. The experience of the value fluctuation of privately administered pension fund net assets is highly important, firstly beacause of its effects on the increase and the decrease of invested values for the insured persons’ accounts, under the circumstances of constantly maintaining their contributions and, implicitly, the results achieved through these investments. The research methodology consists in testing of five variables: currency exchange rate, credit interest rate, bank deposit interest rate, reference interest rate and value of the stock exchange market index (BET-C index, by means of the multiple linear regression method. The conclusion is that only two of these factors, namely, the currency exchange rate and the reference interest rate, influence net asset value of privately managed pension funds, the second pillar, one in direct and the other in indirect correlation. In order to neutralize the effects generated by the diminution of the net asset value of privately managed pension funds, considering a short time horizon, we shall elaborate a dynamic mix of their investments able to adapt to the fluctuations of the influence factors. Thus, new opportunities will be generated in order to achieve the efficiency of pension funds and to prevent the diminution of the value of insured individuals�

Analysing outsourcing policies in an asset management context : A six-stage model

NARCIS (Netherlands)

Schoenmaker, R.; Verlaan, J.G.

2013-01-01

Asset managers of civil infrastructure are increasingly outsourcing their maintenance. Whereas maintenance is a cyclic process, decisions to outsource decisions are often project-based, and confusing the discussion on the degree of outsourcing. This paper presents a six-stage model that facilitates

Chemical Industry Corrosion Management: A Comprehensive Information System (ASSET 2). Final Report

Energy Technology Data Exchange (ETDEWEB)

John, Randy C. [Shell Global Solutions, Houston, TX (United States); Young, Arthur L. [Humberside Solutions, Toronto, ON (Canada); Pelton, Arthur D. [CRCT, Ecole Polytechnique de Montreal, Quebec (Canada); Thompson, William T. [Royal Military College of Canada, Kingston, ON (Canada); Wright, Ian G. [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)

2008-10-10

The research sponsored by this project has greatly expanded the ASSET corrosion prediction software system to produce a world-class technology to assess and predict engineering corrosion of metals and alloys corroding by exposure to hot gases. The effort included corrosion data compilation from numerous industrial sources and data generation at Shell Oak Ridge National Laboratory and several other companies for selected conditions. These data were organized into groupings representing various combinations of commercially available alloys and corrosion by various mechanisms after acceptance via a critical screening process to ensure the data were for alloys and conditions, which were adequately well defined, and of sufficient repeatability. ASSET is the largest and most capable, publicly-available technology in the field of corrosion assessment and prediction for alloys corroding by high temperature processes in chemical plants, hydrogen production, energy conversion processes, petroleum refining, power generation, fuels production and pulp/paper processes. The problems addressed by ASSET are: determination of the likely dominant corrosion mechanism based upon information available to the chemical engineers designing and/or operating various processes and prediction of engineering metal losses and lifetimes of commercial alloys used to build structural components. These assessments consider exposure conditions (metal temperatures, gas compositions and pressures), alloy compositions and exposure times. Results of the assessments are determination of the likely dominant corrosion mechanism and prediction of the loss of metal/alloy thickness as a function of time, temperature, gas composition and gas pressure. The uses of these corrosion mechanism assessments and metal loss predictions are that the degradation of processing equipment can be managed for the first time in a way which supports efforts to reduce energy consumption, ensure structural integrity of equipment

USMA Study of the Residential Communities Initiative (RCI) Portfolio and Asset Management (PAM)

National Research Council Canada - National Science Library

Powell, Robert; Parnell, Gregory; Driscoll, Patrick J; Boylan, Gregory; Evans, Daniel; Underwood, Thaddeus; Moten, Margaret

2006-01-01

...) Portfolio and Asset Management (PAM) program and provide an independent assessment of the adequacy of the Army's RCI PAM program in achieving its intended objectives across all domains and all phases of the program...

A Tutorial on Nonlinear Time-Series Data Mining in Engineering Asset Health and Reliability Prediction: Concepts, Models, and Algorithms

Directory of Open Access Journals (Sweden)

Ming Dong

2010-01-01

Full Text Available The primary objective of engineering asset management is to optimize assets service delivery potential and to minimize the related risks and costs over their entire life through the development and application of asset health and usage management in which the health and reliability prediction plays an important role. In real-life situations where an engineering asset operates under dynamic operational and environmental conditions, the lifetime of an engineering asset is generally described as monitored nonlinear time-series data and subject to high levels of uncertainty and unpredictability. It has been proved that application of data mining techniques is very useful for extracting relevant features which can be used as parameters for assets diagnosis and prognosis. In this paper, a tutorial on nonlinear time-series data mining in engineering asset health and reliability prediction is given. Besides that an overview on health and reliability prediction techniques for engineering assets is covered, this tutorial will focus on concepts, models, algorithms, and applications of hidden Markov models (HMMs and hidden semi-Markov models (HSMMs in engineering asset health prognosis, which are representatives of recent engineering asset health prediction techniques.

Artificial-intelligence-based optimization of the management of snow removal assets and resources.

Science.gov (United States)

2002-10-01

Geographic information systems (GIS) and artificial intelligence (AI) techniques were used to develop an intelligent : snow removal asset management system (SRAMS). The system has been evaluated through a case study examining : snow removal from the ...

Managing Cultural Assets from a Business Perspective.

Science.gov (United States)

Price, Laura; Smith, Abby

Without understanding the value of collections as assets to the home institution, it is difficult for libraries to determine how best to make those assets most productive. This report describes how the Library of Congress developed and implemented a plan for greater accountability over its collections. The report presents a model for the…

Expanding Access to NCAR's Digital Assets: Towards a Unified Scientific Data Management System

Science.gov (United States)

Stott, D.

2016-12-01

In 2014 the National Center for Atmospheric Research (NCAR) Directorate created the Data Stewardship Engineering Team (DSET) to plan and implement the strategic vision of an integrated front door for data discovery and access across the organization, including all laboratories, the library, and UCAR Community Programs. The DSET is focused on improving the quality of users' experiences in finding and using NCAR's digital assets. This effort also supports new policies included in federal mandates, NSF requirements, and journal publication rules. An initial survey with 97 respondents identified 68 persons responsible for more than 3 petabytes of data. An inventory, using the Data Asset Framework produced by the UK Digital Curation Centre as a starting point, identified asset types that included files and metadata, publications, images, and software (visualization, analysis, model codes). User story sessions with representatives from each lab identified and ranked desired features for a unified Scientific Data Management System (SDMS). A process beginning with an organization-wide assessment of metadata by the HDF Group and followed by meetings with labs to identify key documentation concepts, culminated in the development of an NCAR metadata dialect that leverages the DataCite and ISO 19115 standards. The tasks ahead are to build out an SDMS and populate it with rich standardized metadata. Software packages have been prototyped and currently are being tested and reviewed by DSET members. Key challenges for the DSET include technical and non-technical issues. First, the status quo with regard to how assets are managed varies widely across the organization. There are differences in file format standards, technologies, and discipline-specific vocabularies. Metadata diversity is another real challenge. The types of metadata, the standards used, and the capacity to create new metadata varies across the organization. Significant effort is required to develop tools to create

Analysis System for Self-Efficacy Training (ASSET). Assessing treatment fidelity of self-management interventions.

Science.gov (United States)

Zinken, Katarzyna M; Cradock, Sue; Skinner, T Chas

2008-08-01

The paper presents the development of a coding tool for self-efficacy orientated interventions in diabetes self-management programmes (Analysis System for Self-Efficacy Training, ASSET) and explores its construct validity and clinical utility. Based on four sources of self-efficacy (i.e., mastery experience, role modelling, verbal persuasion and physiological and affective states), published self-efficacy based interventions for diabetes care were analysed in order to identify specific verbal behavioural techniques. Video-recorded facilitating behaviours were evaluated using ASSET. The reliability between four coders was high (K=0.71). ASSET enabled assessment of both self-efficacy based techniques and participants' response to those techniques. Individual patterns of delivery and shifts over time across facilitators were found. In the presented intervention we observed that self-efficacy utterances were followed by longer patient verbal responses than non-self-efficacy utterances. These detailed analyses with ASSET provide rich data and give the researcher an insight into the underlying mechanism of the intervention process. By providing a detailed description of self-efficacy strategies ASSET can be used by health care professionals to guide reflective practice and support training programmes.

17 CFR 256.174 - Miscellaneous current and accrued assets.

Science.gov (United States)

2010-04-01

... COMMISSION (CONTINUED) UNIFORM SYSTEM OF ACCOUNTS FOR MUTUAL SERVICE COMPANIES AND SUBSIDIARY SERVICE COMPANIES, PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 3. Current and Accrued Assets § 256.174 Miscellaneous... nature of each asset included herein. 4. deferred debits ...

INTANGIBLE ASSETS – IMPORTANT RESOURCE FOR ENTERPRISE PERFORMANCE MANAGEMENT

Directory of Open Access Journals (Sweden)

ANDREEA PAULA DUMITRU

2011-04-01

Full Text Available Along time, the goal of intangible assets became very important for the activity and prosperity of business. This matter is achieved as well as more and more the companies operate in a global economy which has as main base the digital revolution and information management. The increase of the immaterial investments percent requires evaluation and recognition criteria by knowledge, intelligence and human competence. But recently, the accounting standards were about to accord negligible attention or even totally ignored the appropriate modalities of report this category of assets. The accounting, obliged to bend to economic, financial and juridical logics, in a „Taylor” modality, presents an unreal image of the company economic life and particularly of investment activity. In a competitive environment, the reliability of future economic benefits, generated by investments, depends less on their material or immaterial nature and more on the characteristics of the market they operate on. These are just a few reflections which determined us to focus our attention to this thoughtprovoking domain of immaterial investments, appreciated as a potential for the company.

A Risk Management Approach to Optimal Asset Allocation

OpenAIRE

Thomas J. Flavin; Michael R. Wickens

2001-01-01

This paper extends the tactical asset allocation strategy of Flavin and Wickens(1998) to incorporate the effects of macroeconomic variables in the analysis. Using a VAR in mean with a M-GARCH error structure, we can jointly model financial asset returns and macroeconomic variables, thereby exploiting any predictability in either the first- or second-order moments. Taking a set of UK\\ financial assets and the change in domestic inflation as an illustration, we find a much stronger impact on th...

Determinants of investment in fixed assets and in intangible assets for high-tech firms

Directory of Open Access Journals (Sweden)

Paulo Maçãs Nunes

2017-05-01

Full Text Available Based on a sample of 141 Portuguese high-tech firms for the period 2004-2012 and using GMM system (1998 and LSDVC (2005 dynamic estimators, this paper studies whether the determinants of high-tech firms’ investment in fixed assets are identical to the determinants of their investment in intangible assets. The multiple empirical evidence obtained allows us to conclude that the determinants of their investment in fixed assets are considerably different from those of their investment in intangible assets. Debt is a determinant stimulating investment in fixed assets, with age being a determinant restricting such investment. Size, age, internal finance and GDP are determinants stimulating investment in intangible assets, whereas debt and interest rates restrict such investment. These results let us make important suggestions for the owners/managers of high-tech firms, and also for policy-makers.

NPP Bohunice experience with ASSET services

Energy Technology Data Exchange (ETDEWEB)

Klimo, J [Bohunice NPP (Slovakia)

1997-12-31

The general description of Bohunice NPP ASSET experience history was given at the last annual workshop in 1995. In my short presentation I would like to pay attention to the progress in this area which was achieved at our NPP during the last year. (author).

NPP Bohunice experience with ASSET services

International Nuclear Information System (INIS)

Klimo, J.

1996-01-01

The general description of Bohunice NPP ASSET experience history was given at the last annual workshop in 1995. In my short presentation I would like to pay attention to the progress in this area which was achieved at our NPP during the last year. (author)

A literature survey on asset management in electrical power [transmission and distribution] system

NARCIS (Netherlands)

Khuntia, S.R.; Rueda Torres, José L.; Bouwman, S.; van der Meijden, M.A.M.M.

2016-01-01

Asset management is one of the key components in a transforming electric power industry. Electric power industry is undergoing significant changes because of technical, socio-economical and environmental developments. Also, because of restructuring and deregulation, the focus has been on

CONSIDERATION REGARDING CURRENT ASSETS IN THE CONSTRUCTION ENTITIES

Directory of Open Access Journals (Sweden)

Laura Adriana COJOCARU (ALIONESCU

2014-06-01

Full Text Available Accounting for current assets mainly aims to obtain useful information on the management of their best in order to make management decisions. Counting efficiency of these assets, their importance, provides improved performance of the entity. In this paper we want to study the degree of implementation of policies and accounting treatments on the current assets in the specific construction economic entities, the problems of implementation and thus better addressing their theoretical and procedural to improve the information provided by financial statements. Due to the importance of proper conduct of business owned entities, accounting current assets should result in optimal and efficient control of current assets.

Information use in Dutch sewer assest management

NARCIS (Netherlands)

Van Riel, W.A.P.; Langeveld, J.G.; Herder, P.M.; Clemens, F.H.L.R.

2012-01-01

Sewer systems are capital-intensive infrastructures, requiring appropriate asset management to safeguard serviceability. In the Netherlands, effective sewer asset management is described by De Leeuw’s control paradigm. Reliable data and information are key elements in decision-making for

Asset management using genetic algorithm: Evidence from Tehran Stock Exchange

Directory of Open Access Journals (Sweden)

Abbas Sarijaloo

2014-02-01

Full Text Available This paper presents an empirical investigation to study the effect of market management using Markowitz theorem. The study uses the information of 50 best performers on Tehran Stock Exchange over the period 2006-2009 and, using Markowitz theorem, the efficient asset allocation are determined and the result are analyzed. The proposed model of this paper has been solved using genetic algorithm. The results indicate that Tehran Stock Exchange has managed to perform much better than average world market in most years of studies especially on year 2009. The results of our investigation have also indicated that one could reach outstanding results using GA and forming efficient portfolio.

What’s Next: The Status of ISO Global KM Standards and the Importance of Managing Knowledge Assets

International Nuclear Information System (INIS)

Young, R.

2016-01-01

Full text: Ron Young, CEO of Knowledge Associates International, based in Cambridge UK, is Chair of the BSI KM Standards Committee KMS/1, member of the BSI Asset Management Committee AMS/1 working with ISO 55000, and member of the ISO 30401 workgroup developing a global KM Standard. He will present the benefits, challenges and implications of a global KM standard, from his perspective, and give an update on the ISO/BSI standard development. He will also provide insights into the latest developments with knowledge asset management. (author

Organizations must match assets

International Nuclear Information System (INIS)

Carley, G.R.

1991-01-01

The unprofitable state of the Canadian oil industry, the adverse economic environment, the difficulty of finding capital, and the diminishing resources of conventional lighter crude oil make it necessary for Canadian oil companies to match their organizations and their financing to their assets. This is illustrated according to the experience of Saskoil, a Saskatchewan oil and gas company. An increasing production of oil and natural gas, and an increasing amount of new oil production as heavy oil, led to organizational changes such as the purchase of an asphalt plant to provide the company with downstream experience, establishing a working group to explore and develop heavy oil resources, and forming a company to manage non-core assets. The latter company, Pasqua Resources, manages assets such as small properties and ownership interests in order to increase the operating efficiency of Saskoil. Pasqua provides Saskoil with a corporate and organizational vehicle to accommodate partnerships and joint venture capital invested in property purchase opportunities, and to manage any of Saskoil's divestiture activities

Conceptual framework for public-private partnerships model for water services infrastructure assets: case studies from municipalities in the Limpopo and Gauteng provinces

CSIR Research Space (South Africa)

Matji, MP

2015-05-01

Full Text Available This paper presents a framework for public-private partnerships PPP) in local government water services infrastructure. Water services infrastructure assets are key to the provision of basic services. Data were collected from various stakeholders, i...

A modelling approach for railway overhead line equipment asset management

OpenAIRE

Kilsby, Paul; Remenyte-Prescott, Rasa; Andrews, John

2017-01-01

The Overhead Line Equipment (OLE) is a critical sub-system of the 25kV AC overhead railway electrification system. If OLE asset management strategies can be evaluated using a whole lifecycle cost analysis that considers degradation processes and maintenance activities of the OLE components, the investment required to deliver the level of performance desired by railway customers and regulators can be based on evidence from the analysis results. A High Level Petri Net (HLPN) model, proposed in ...

Otonomi Desa Dalam Pengelolaan Asset Desa (Studi Kasus Pada Desa Sitirejo Kecamatan Wagir Kabupaten Malang)

OpenAIRE

Permatasari, Kartika

2013-01-01

: Village Autonomy in Management Village Asset. Village asset management is a one of village autonomy. This paper is the result of research that aims to determine the asset management of villages in Desa Sitirejo, anything autonomy seen in the village, as well as the factors that inhibit and encourage village asset management. The results of this study are 1) asset management planning is done by the village planning the village assets that will be used and perform a variety of asset investari...

Value focused thinking : An approach to structure company values for asset risk management

NARCIS (Netherlands)

Van der Lei, T.E.; Ligtvoet, A.

2012-01-01

For public and semi public organizations the use of risk assessment matrices is becoming a standard approach for asset management decisions. The risk matrix allows companies to assess the chance and effects of different risks with respect to proposed investment decisions. When the values in the risk

Intangible assets for intangible deliverables

DEFF Research Database (Denmark)

Elsmore, Matthew J.

2008-01-01

As the dominant economic business model in Europe, services are important when we consider intangible assets. This article argues a case for some kind of 'special relationship' between service firms and trade marks-specifically bearing in mind the CTM system and new EU services law. On the questi...... of EU businesses. The article suggests a starting point for a fresh yet reassuringly ordinary dialogue within trade mark law, one that asserts it a central role in realising predicted economic benefits of the Internal Market.......As the dominant economic business model in Europe, services are important when we consider intangible assets. This article argues a case for some kind of 'special relationship' between service firms and trade marks-specifically bearing in mind the CTM system and new EU services law. On the question...... if there can be constructive overlap between trade marks and services and how this emerges, the analysis shows there is reason both for and against thinking that together the relevant sets of laws, among other things, ease the transition from national- to Community-based trading for the overwhelming majority...

Computerized asset management and maintenance systems in ST

CERN Document Server

Sánchez-Corral, E

1999-01-01

The ST division manages and therefore maintains the CERN technical installations. A maintenance database application exists for every technical domain. A total of six different databases were built during the last 10 years and are based on the RAPIER maintenance program. As the Computerized Asset Management and Maintenance Systems (CAMMS) technology has evolved, the RAPIER system has become obsolete. Therefore we are forced to migrate to its latest version, MP5, before the year 2000. The migration path must be defined, leading from the current situation to a fully operational MP5 application. The major elements of each migration path consist in determining the functionality to use, defining the operation of it, adapting and/or creating procedures, converting data and providing training. A migration is always a process of change. The migration presents a unique opportunity to evaluate the current implementations, adapt them to the requirements and exploit the new features offered. Obsolete data and inconsisten...

Business model analysis in asset management : the case JRS Finanzmandate Gmbh

OpenAIRE

Rogg, Christina

2016-01-01

This bachelor’s thesis was prepared to solve a current business case on behalf of JRS Finanzmandate GmbH, a German independent financial advisory and asset management company. The objectives of this thesis were to thoroughly examine the JRS business model, observe the competitive environment and detect future market opportunities. After identification of arising challenges, innovative approaches to achieve a competitive advantage within this niche industry were illustrated. Financ...

Asset tracking in harsh environments

International Nuclear Information System (INIS)

O'Neal, E.S.

2009-01-01

Current economic times require tight control of all assets / inventory and processes a company manages. These items if managed correctly and timely can mean the difference between success and failure of a company. Cost savings in hard economic times are essential to allow a company to utilize its assets to the fullest potential by eliminating duplication and waste. Accurate process management leads to greater customer satisfaction and loyalty. Many industries and processes have believed it to be impossible to track their products or assets using bar-codes due to the unique conditions of their environment; whether it is high temperature, rough handling or chemicals. That has now changed. Companies specializing in identification methods have stepped up to the challenge and have overcome many obstacles of the past. It's no longer a paper or plastic bar-code world. The presentation will be broken down into four parts: 1) The differences between Asset and ID tracking; 2) Why does a company need to bar-code?; 3) The objections many companies use for not bar-coding; and, 4) What's new in bar-coding? Case study handouts and a reference list of various companies including software, labeling and attachment techniques will be available at the end of the presentation. (author)

Asset tracking in harsh environments

Energy Technology Data Exchange (ETDEWEB)

O' Neal, E.S. [Infosight Corp., Chillicothe, OH (United States)

2009-07-01

Current economic times require tight control of all assets / inventory and processes a company manages. These items if managed correctly and timely can mean the difference between success and failure of a company. Cost savings in hard economic times are essential to allow a company to utilize its assets to the fullest potential by eliminating duplication and waste. Accurate process management leads to greater customer satisfaction and loyalty. Many industries and processes have believed it to be impossible to track their products or assets using bar-codes due to the unique conditions of their environment; whether it is high temperature, rough handling or chemicals. That has now changed. Companies specializing in identification methods have stepped up to the challenge and have overcome many obstacles of the past. It's no longer a paper or plastic bar-code world. The presentation will be broken down into four parts: 1) The differences between Asset and ID tracking; 2) Why does a company need to bar-code?; 3) The objections many companies use for not bar-coding; and, 4) What's new in bar-coding? Case study handouts and a reference list of various companies including software, labeling and attachment techniques will be available at the end of the presentation. (author)

Good health information--an asset not a burden!

Science.gov (United States)

Hanson, Ralph M

2011-02-01

Good health information is central to informing the delivery of health care. Health has mostly struggled to promote the effective use of information to manage services on a day to day basis. Based on the experience at the Children's Hospital at Westmead, a case is made for seeing information as an asset that requires a structured approach to improving data quality, and making a concerted effort to grow a more robust information culture. Transforming Health through better health information will not happen overnight. It needs a long range plan. It should be supported by appropriate business intelligence tools and a structured approach to process improvement, built around data management.

Integrasi Manajemen Asset dan Liabilitas Perbankan Syari’ah

Directory of Open Access Journals (Sweden)

Parmujianto Parmujianto

2017-04-01

Full Text Available Asset management focus and liability is to coordinate asset-liability portfolio of the bank in order to maximize profits for the banks and the results are distributed to the shareholders in the long term by taking into account liquidity needs and prudence. Prastimoyo (1997 says that the focus or objectives of management of assets and liabilities is to optimize revenue and keep the risk does not exceed the tolerable limit, while also maximizing the market price of the company's equity, while according to Bambang (2000, the management of assets and liabilities has a function and kenijakan in implementing a pricing strategy, both in the areas of lending and funding, in general, the responsibility of ALCO is to manage positions and allocation of funds that banks provided liquidity, maximize profit and minimize risk. On the other hand, Islamic banking has the characteristics berbada with conventional banks which do not recognize interest but for the results except that there are some business activities that exist only on Islamic banking such as trade and pawn so that it impacts extensive technical on banking activities one of which is the management asset-liabilit. So this paper will describe how the ALM policy applied to Islamic banking.

The Impact of Deferred Tax Assets, Discretionary Accrual, Leverage, Company Size and Tax Planning Onearnings Management Practices

Directory of Open Access Journals (Sweden)

Jacobus Widiatmoko

2016-04-01

Full Text Available The purpose of this study is to analyze and provide empirical evidence of the influence of deferred tax asset, discretionary accrual, leverage, company size, and tax planning on earnings management. Financial performance is an indicator that is required by company management to measure the effectiveness of company performance. This research used secondary data that was got from annual report published in www.idx.co.id and data from Indonesian Capital Market Directory (ICMD. Populations of the research are manufacturing companies listed on Indonesia Stock Exchange from 2011-2013. Samples were selected by using purposive sampling method. There are 208 observations that will examined by logistic regression analysis. The result shows that deferred tax asset has negative and not significant effect to the earnings management, discretionary accrual has negative and not significant effect to the earnings management, leverage has negative and significant effect to the earnings management, company size has positive and significant effect to the earnings management, tax planning has positive and not significant effect to the earnings management.Tujuan penelitian ini menganalisis bukti empiris mengenai pengaruh asset pajak tangguhan, discretionary accrual, leverage, ukuran perusahaan, dan perencanaan pajak terhadap manajemen laba. Kinerja keuangan adalah indikator untuk mengukur efektivitas perusahaan. Penelitian ini menggunakan data sekunder yang diperoleh dari www.idx.co.id serta data dari Indonesian Capital Market Directory (ICMD. Populasi penelitian ini adalah perusahaan manufaktur yang terdaftar di BEI tahun 2011-2013. Sampel dipilih dengan purposive sampling. Terdapat 208 observasi yang akan diuji dengan model analisis regresi logistik. Hasil penelitian ini menunjukkan bahwa asset pajak tangguhan memiliki pengaruh negatif dan tidak signifikan terhadap praktik manajemen laba, discretionary accrual memiliki pengaruh negatif dan tidak signifikan terhadap

Key performance indicators in plant asset management: hype, burden or real help?

Energy Technology Data Exchange (ETDEWEB)

Jovanovic, A. (Steinbeis Advanced Risk Technologies, Stuttgart (Germany)); Bareiss, J.M. (EnBW, Stuttgart (Germany))

2010-05-15

The paper tackles the increasing role and use of indicators (e.g. the key performance indicators, KPIs) in asset management in power and process plants, in particular for risk and safety management (safety performance indicators, SPIs), inspection, maintenance, emerging risks analysis and aging management. The two main aspects of the use of indicators are monitoring of performance (e.g. of a single unit) and benchmarking (e.g. among different units). The basis for the considerations presented in the paper are several international projects in the field, showing that the main issue in the field is not and cannot be just the introduction of new indicators as such. They deal with the principles of establishing indicators, establishing generally accepted indicators (goal 'globally accepted' indicators), creating of 'repositories' of indicators in industry and respective tools. The repository/tool developed in the EU project iNTeg-Risk is presented in more detail. The main proposed criteria for successful introduction are the acceptance, transparency and clear added value, e.g. when the indicators help in finding solutions for the issues where the conventional analysis, e.g. the one based on engineering models and analysis is too expensive, complex or simply unavailable. Three practical cases are briefly shown in the paper: one for the improved asset management in a refinery, one for the identification of indicators helping to deal with emerging risks (how to identify them and how to assess risks of a new technology) and one for the implementation of a complex aging management program for industrial plants. (orig.)

Key performance indicators in plant asset management: hype, burden or real help?

International Nuclear Information System (INIS)

Jovanovic, A.; Bareiss, J.M.

2010-01-01

The paper tackles the increasing role and use of indicators (e.g. the key performance indicators, KPIs) in asset management in power and process plants, in particular for risk and safety management (safety performance indicators, SPIs), inspection, maintenance, emerging risks analysis and aging management. The two main aspects of the use of indicators are monitoring of performance (e.g. of a single unit) and benchmarking (e.g. among different units). The basis for the considerations presented in the paper are several international projects in the field, showing that the main issue in the field is not and cannot be just the introduction of new indicators as such. They deal with the principles of establishing indicators, establishing generally accepted indicators (goal 'globally accepted' indicators), creating of 'repositories' of indicators in industry and respective tools. The repository/tool developed in the EU project iNTeg-Risk is presented in more detail. The main proposed criteria for successful introduction are the acceptance, transparency and clear added value, e.g. when the indicators help in finding solutions for the issues where the conventional analysis, e.g. the one based on engineering models and analysis is too expensive, complex or simply unavailable. Three practical cases are briefly shown in the paper: one for the improved asset management in a refinery, one for the identification of indicators helping to deal with emerging risks (how to identify them and how to assess risks of a new technology) and one for the implementation of a complex aging management program for industrial plants. (orig.)

Analysis System for Self-Efficacy Training (ASSET). Assessing treatment fidelity of self-management interventions

DEFF Research Database (Denmark)

Zinken, Katarzyna M.; Cradock, Sue; Skinner, T. Chas

2008-01-01

Objective: The paper presents the development of a coding tool for self-efficacy orientated interventions in diabetes self-management programmes (Analysis System for Self-Efficacy Training, ASSET) and explores its construct validity and clinical utility. Methods: Based on four sources of self-eff...

Economic differences among regional public service broadcasters in Spain according to their management model. An empirical analysis for period 2010-2013

Directory of Open Access Journals (Sweden)

Víctor Orive Serrano

2016-03-01

Full Text Available Purpose: This piece of research quantifies and analyses empirically the given economic differences among public service television in Spain according to the adopted management model (classic or outsourced. Design/methodology/approach: In so doing, an average contrast of different economic variables studied in the literature is conducted (audience share, total assets, public subsidies, cost of personnel, suppliers spending and profit after taxes. In addition, these variables are related so as to calculate productivity obtained by each two groups of television operators. This analysis is conducted for period 2010-2013, featured by a crisis context in the Spanish economy. Findings: Management model adopted by each regional broadcaster impacts on different economic variables as obtained share, total assets, public subsidies, cost of personnel, suppliers spending or profit after taxes. Moreover, those public corporations adopting an outsourced management model present better productivity values. Research limitations/implications: Only one country has been analyzed for a 4 years period. Practical implications: Regional public service broadcasters with an outsourced model present less economic losses and require less public subsidies by their corresponding regional governments. Social implications: Outsourcing part of the value chain can be useful so as to guarantee sustainability of regional public service television. Originality/value: It has been proven empirically that the management model of a regional public service television impacts its economic results.

Monitoring highway assets using remote sensing technology : research spotlight.

Science.gov (United States)

2014-04-01

Collecting inventory data about roadway assets is a critical part of : MDOTs asset management efforts, which help the department operate, : maintain and upgrade these assets cost-effectively. Federal law requires : that states develop a risk-based...

Future Assets, Student Talent (FAST)

Science.gov (United States)

1992-01-01

Future Assets, Student Talent (FAST) motivates and prepares talented students with disabilities to further their education and achieve High Tech and professional employment. The FAST program is managed by local professionals, business, and industry leaders; it is modeled after High School High Tech project TAKE CHARGE started in Los Angeles in 1983. Through cooperative efforts of Alabama Department of Education, Vocational Rehabilitation, Adult and Children Services, and the President's Committee on Employment of People with Disabilities, north central Alabama was chosen as the second site for a High School High Tech project. In 1986 local business, industry, education, government agencies, and rehabilitation representatives started FAST. The program objectives and goals, results and accomplishments, and survey results are included.

Implementing SFAS No 121: Accounting for Impaired Assets.

Science.gov (United States)

Luecke, R W; Meeting, D T; Stotzer, W G

1996-10-01

In March 1995, FASB issued Statement of Financial Accounting Standards (SFAS) No. 121: "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of." It establishes accounting standards for assets whose carrying costs have been overstated due to a variety of circumstances that have reduced the value of the assets. Healthcare financial managers should fully understand the statement's implications for their organizations.

On Services for Collaborative Project Management

Science.gov (United States)

Ollus, Martin; Jansson, Kim; Karvonen, Iris; Uoti, Mikko; Riikonen, Heli

This paper presents an approach for collaborative project management. The focus is on the support of collaboration, communication and trust. Several project management tools exist for monitoring and control the performance of project tasks. However, support of important intangible assets is more difficult to find. In the paper a leadership approach is identified as a management means and the use of new IT technology, especially social media for support of leadership in project management is discussed.

Livelihood asset maps: a multidimensional approach to measuring risk-management capacity and adaptation policy targeting—a case study in Bhutan

DEFF Research Database (Denmark)

Jakobsen, Kristian Thor

2013-01-01

to the fact that some areas facing increased level of climate-related risks lack access to productive and human capital, while other areas facing a similar situation have relatively insufficient access to financial assets. This again shows that any non-targeted policy aiming at improving households’ risk-management......The application of a livelihood asset-based approach to adaptation policy targeting is presented through the creation of maps highlighting the spatial contrasts of access to various types of livelihood assets utilizing primary household data. Thus, the livelihood maps provide policy......-makers with a tool to quickly identify areas with limited access to certain types of assets, making the latter less able to react to a changing level of climaterelated risks. In the case of Bhutan, distinct spatial patterns of asset endowments is identified using five different asset indicators drawing attention...

The Difference GAP – The Main Instrument Used in the Management of Banking Assets and Liabilities

Directory of Open Access Journals (Sweden)

Luminita Gabriela Istrate

2016-01-01

Full Text Available The analysis of the difference GAP is the main instrument used to manage bank assets and liabilities, to administer the net interest from income and to protect it against interest rate risk and to manage cash flow in the short term. The information obtained from the analysis shall be used either to protect the net income from interest compared to the interest rate change by adjusting the sensitive assets / liabilities or to amend by means of the speculative operations the dimension of the difference GAP, while trying to increase the net income from interest. This is done by means of the speculative use of changes in interest rates which implies an interest rate forecast as close as possible to the market.

Looking for Synergy with Momentum in Main Asset Classes

OpenAIRE

Lukas Macijauskas; Dimitrios I. Maditinos

2014-01-01

As during turbulent market conditions correlations between main asset-classes falter, classical asset management concepts seem unreliable. This problem stimulates search for non-discretionary asset allocation methods. The aim of the paper is to test weather the concept of Momentum phenomena could be used as a stand alone investment strategy using all main asset classes. The study is based on exploring historical prices of various asset classes; statistical data analysis method is used. Result...

Empowering file-based radio production through media asset management systems

Science.gov (United States)

Muylaert, Bjorn; Beckers, Tom

2006-10-01

In recent years, IT-based production and archiving of media has matured to a level which enables broadcasters to switch over from tape- or CD-based to file-based workflows for the production of their radio and television programs. This technology is essential for the future of broadcasters as it provides the flexibility and speed of execution the customer demands by enabling, among others, concurrent access and production, faster than real-time ingest, edit during ingest, centrally managed annotation and quality preservation of media. In terms of automation of program production, the radio department is the most advanced within the VRT, the Flemish broadcaster. Since a couple of years ago, the radio department has been working with digital equipment and producing its programs mainly on standard IT equipment. Historically, the shift from analogue to digital based production has been a step by step process initiated and coordinated by each radio station separately, resulting in a multitude of tools and metadata collections, some of them developed in-house, lacking integration. To make matters worse, each of those stations adopted a slightly different production methodology. The planned introduction of a company-wide Media Asset Management System allows a coordinated overhaul to a unified production architecture. Benefits include the centralized ingest and annotation of audio material and the uniform, integrated (in terms of IT infrastructure) workflow model. Needless to say, the ingest strategy, metadata management and integration with radio production systems play a major role in the level of success of any improvement effort. This paper presents a data model for audio-specific concepts relevant to radio production. It includes an investigation of ingest techniques and strategies. Cooperation with external, professional production tools is demonstrated through a use-case scenario: the integration of an existing, multi-track editing tool with a commercially available

Leveraging Digital Asset Management (DAM) in a Finnish retail corporation : A case study on the current state and future vision of Kesko Corporations’ marketing and content production.

OpenAIRE

Leppänen, Sandra

2017-01-01

This case study analyses how rich media content (digital assets) is created, stored, shared and managed at a Finnish retail company – Kesko Corporation. The study aims to identify the benefits and possible disadvantages of centralizing management and production of these digital assets into a Digital Asset Management (DAM) system. My main research question is: Are there achievable content enhancements that the introduction of a centralized DAM system might bring to Kesko Corporation's marketin...

Management services

International Nuclear Information System (INIS)

Adkins, S.K.; Alford, D.R.; Barnette, A.B.

1979-01-01

The Management Services Section provides coordinated professional administrative services to the Fusion Energy Division (FED), allowing the work of technical professionals to be more fully concentrated in their areas of specialty. Services are provided in general administration, personnel, financial management, communications (including text and graphics generation), management information, library, safety, quality assurance, and nonprogrammatic engineering services. Highlights of the past year included adoption of the Procurement Module in the FED Management Information System (MIS) for use by the entire Laboratory, completion of the Personnel Module of the MIS, greatly increased personnel recruiting activity, and increased industrial subcontracting activity

What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income

Science.gov (United States)

Rosen, Harvey S.; Sappington, Alexander J. W.

2016-01-01

This paper examines whether university endowment managers think only in terms of the assets they manage or also take into account background income, that is, the other flows of income to the university. Specifically, we test whether the level and variability of a university's background income (e.g., from tuition and government grants) affect its…

Automated personnel-assets-consumables-drug tracking in ambulance services for more effective and efficient medical emergency interventions.

Science.gov (United States)

Utku, Semih; Özcanhan, Mehmet Hilal; Unluturk, Mehmet Suleyman

2016-04-01

Patient delivery time is no longer considered as the only critical factor, in ambulatory services. Presently, five clinical performance indicators are used to decide patient satisfaction. Unfortunately, the emergency ambulance services in rapidly growing metropolitan areas do not meet current satisfaction expectations; because of human errors in the management of the objects onboard the ambulances. But, human involvement in the information management of emergency interventions can be reduced by electronic tracking of personnel, assets, consumables and drugs (PACD) carried in the ambulances. Electronic tracking needs the support of automation software, which should be integrated to the overall hospital information system. Our work presents a complete solution based on a centralized database supported by radio frequency identification (RFID) and bluetooth low energy (BLE) identification and tracking technologies. Each object in an ambulance is identified and tracked by the best suited technology. The automated identification and tracking reduces manual paper documentation and frees the personnel to better focus on medical activities. The presence and amounts of the PACD are automatically monitored, warning about their depletion, non-presence or maintenance dates. The computerized two way hospital-ambulance communication link provides information sharing and instantaneous feedback for better and faster diagnosis decisions. A fully implemented system is presented, with detailed hardware and software descriptions. The benefits and the clinical outcomes of the proposed system are discussed, which lead to improved personnel efficiency and more effective interventions. Copyright © 2015 Elsevier Ireland Ltd. All rights reserved.

GeoTrac -- Producing fleet communications, asset control solutions and logistic tools

Energy Technology Data Exchange (ETDEWEB)

Anon

2005-04-01

GEOTrac, a Calgary-based company, that offers innovative solutions utilizing GPS, satellite and geomatic data technology in the areas of asset and fleet management, logistic tools and integrated solutions, is reviewed. The two-year-old company with a development staff of 12, has contracts with major energy companies in the Middle East, North America, Africa, China and Mexico. By integrating 30 low-earth orbit satellites, operated by Orbcomm, with GPS, leading -edge mapping and geomatic data technologies, GEOTrac provides world class communications and control solutions for assets in both urban and rural locations. The system is capable of providing up-to-the minute location data about every remote asset or vehicle in a fleet, including status reports, dispatch instructions and driving directions. Logistic tools and integrated solutions available from GEOTrac enable the simple management and visibility of equipment, vessels, containers and cargo within and into remote countries, as well as making possible remote diagnostic and storage tank level readings. In another development, advanced digital map solutions provide a suite of maps and geographic technologies for on-road and off-road driving directions, for identifying the location of services and destinations, and for creating strategic advantages by keeping up-to-date with specific company or other oilfield locations and activities.

Fundamental-driven and Tactical Asset Allocation: what really matters?

OpenAIRE

Hartpence, Maria; Boulier, Jean-François

2004-01-01

Asset allocation contribution to ex-post performance is of primary importance. Nobody denies its role, yet the subject of allocating assets remains controversial. To some contenders, the added value stems only from strategic asset allocation which aims at providing the long-term average exposure to the selected asset classes. On the other hand, proponents of active management have introduced several forms of tactical asset allocation. In this paper, we will go a step further by distinguishing...

Evaluating the Knowledge Assets of Innovative Companies

Directory of Open Access Journals (Sweden)

Maen Al-Hawari

2002-11-01

Full Text Available Knowledge has long been recognised as a valuable resource for organisational growth and sustained competitive advantage, especially for organisations competing in an uncertain environment (Miller & Shamsie 1987. In the current post-industrial society, knowledge is recognised as a primary source of a company’s wealth. However knowledge assets are much more difficult to identify and measure than are the physical assets with which we are much more familiar. (Boisot 1998 As a company’s innovative capacity may be dependent upon its ability to take advantage of its knowledge assets, it is important to be able to identify and measure those assets. While large companies can afford extensive knowledge management projects, there is a acute need for a method by which managers in smaller organisations can easily and reliably locate, quantify and compare their knowledge assets in order to maximise their potential for innovation. The paper will begin with an overview of current thinking on the topic of Knowledge Management (KM. It will then introduce the three functions of the knowledge life cycle (Bhatt 2000, Tan 2000, the four modes of conversion between tacit and explicit knowledge (Nonaka 1995 and the five knowledge enablers (Von Krogh 2000. The research, reported here, aims to identify, from the literature, a set of knowledge elements that will give a balanced view of knowledge assets across the four modes and five enablers. An integrated model, which is the result of research to date by the authors, will then be defined. This model combines the functions of the knowledge life cycle and Nonaka’s knowledge creation spiral with the notion of I-Space, which has been used to classify information across three dimensions, to form a new model of K-Space, which can be used to classify the knowledge elements. The paper will present this model and discuss the appropriateness of a set of knowledge elements as a means of measuring the knowledge asset of an

Review of asset hierarchy criticality assessment and risk analysis practices.

Science.gov (United States)

2014-01-01

The MTA NYC Transit (NYCT) has begun an enterprise-wide Asset Management Improvement Program (AMIP). In : 2012, NYCT developed an executive-level concept of operations that defined a new asset management : framework following a systems engineering ap...

A Mobile Asset Tracking System Architecture under Mobile-Stationary Co-Existing WSNs

Science.gov (United States)

Kim, Tae Hyon; Jo, Hyeong Gon; Lee, Jae Shin; Kang, Soon Ju

2012-01-01

The tracking of multiple wireless mobile nodes is not easy with current legacy WSN technologies, due to their inherent technical complexity, especially when heavy traffic and frequent movement of mobile nodes are encountered. To enable mobile asset tracking under these legacy WSN systems, it is necessary to design a specific system architecture that can manage numerous mobile nodes attached to mobile assets. In this paper, we present a practical system architecture including a communication protocol, a three-tier network, and server-side middleware for mobile asset tracking in legacy WSNs consisting of mobile-stationary co-existing infrastructures, and we prove the functionality of this architecture through careful evaluation in a test bed. Evaluation was carried out in a microwave anechoic chamber as well as on a straight road near our office. We evaluated communication mobility performance between mobile and stationary nodes, location-awareness performance, system stability under numerous mobile node conditions, and the successful packet transfer rate according to the speed of the mobile nodes. The results indicate that the proposed architecture is sufficiently robust for application in realistic mobile asset tracking services that require a large number of mobile nodes. PMID:23242277

A Mobile Asset Tracking System Architecture under Mobile-Stationary Co-Existing WSNs

Directory of Open Access Journals (Sweden)

Soon Ju Kang

2012-12-01

Full Text Available The tracking of multiple wireless mobile nodes is not easy with current legacy WSN technologies, due to their inherent technical complexity, especially when heavy traffic and frequent movement of mobile nodes are encountered. To enable mobile asset tracking under these legacy WSN systems, it is necessary to design a specific system architecture that can manage numerous mobile nodes attached to mobile assets. In this paper, we present a practical system architecture including a communication protocol, a three-tier network, and server-side middleware for mobile asset tracking in legacy WSNs consisting of mobile-stationary co-existing infrastructures, and we prove the functionality of this architecture through careful evaluation in a test bed. Evaluation was carried out in a microwave anechoic chamber as well as on a straight road near our office. We evaluated communication mobility performance between mobile and stationary nodes, location-awareness performance, system stability under numerous mobile node conditions, and the successful packet transfer rate according to the speed of the mobile nodes. The results indicate that the proposed architecture is sufficiently robust for application in realistic mobile asset tracking services that require a large number of mobile nodes.

Data needs and computational requirements for asset management decision making. Internal deliverable ID5.2.1

DEFF Research Database (Denmark)

Catrinu-Renstrom, Maria; Clement, Rémy; Tournebise, Pascal

addressing to the requirements of RMAC criterion developed in work package 2. The report has been written by several partners, three of them being European TSOs, and the three other being academic partners. Special attention has been paid to address every topic in asset management decision making process......The objective of this deliverable is to present the requirements for adapting available tools/models and identifying data needs for reliability analysis and optimal decision-making for asset management decision making process. It will serve as a basis for the next tasks of GARPUR work package 5...... decision making process, as described in work package 2. Some advanced models exist in scientific literature to characterize the spatio-temporal variation and correlations of relevant factors. Some of these models have been proposed in academia, and offer improved representation with respect to those...

75 FR 51507 - WisdomTree Asset Management, Inc., and WisdomTree Trust; Notice of Application

Science.gov (United States)

2010-08-20

... the Fund and its shareholders, and does not involve a conflict of interest from which the Adviser or... subadvisory agreements without shareholder approval. Applicants: WisdomTree Asset Management, Inc (``WTAM'' or.... Interested persons may request a hearing by writing to the Commission's Secretary and serving applicants with...

Evidence-based decision making : developing a knowledge base for successful program outcomes in transportation asset management.

Science.gov (United States)

2015-12-01

MAP-21 and AASHTOs framework for transportation asset management (TAM) offer opportunities to use more : rigorous approaches to collect and apply evidence within a TAM context. This report documents the results of a study : funded by the Georgia D...

Measuring the strategic readiness of intangible assets.

Science.gov (United States)

Kaplan, Robert S; Norton, David P

2004-02-01

Measuring the value of intangible assets such as company culture, knowledge management systems, and employees' skills is the holy grail of accounting. Executives know that these intangibles, being hard to imitate, are powerful sources of sustainable competitive advantage. If managers could measure them, they could manage the company's competitive position more easily and accurately. In one sense, the challenge is impossible. Intangible assets are unlike financial and physical resources in that their value depends on how well they serve the organizations that own them. But while this prevents an independent valuation of intangible assets, it also points to an altogether different approach for assessing their worth. In this article, the creators of the Balanced Scorecard draw on its tools and framework--in particular, a tool called the strategy map--to present a step-by-step way to determine "strategic readiness," which refers to the alignment of an organization's human, information, and organization capital with its strategy. In the method the authors describe, the firm identifies the processes most critical to creating and delivering its value proposition and determines the human, information, and organization capital the processes require. Some managers shy away from measuring intangible assets because they seem so subjective. But by using the systematic approaches set out in this article, companies can now measure what they want, rather than wanting only what they can currently measure.

48 CFR 9904.404 - Capitalization of tangible assets.

Science.gov (United States)

2010-10-01

... assets. 9904.404 Section 9904.404 Federal Acquisition Regulations System COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL PROCUREMENT POLICY, OFFICE OF MANAGEMENT AND BUDGET PROCUREMENT PRACTICES AND COST ACCOUNTING STANDARDS COST ACCOUNTING STANDARDS 9904.404 Capitalization of tangible assets. ...

Asset Pricing in Markets with Illiquid Assets

OpenAIRE

Longstaff, Francis A

2005-01-01

Many important classes of assets are illiquid in the sense that they cannot always be traded immediately. Thus, a portfolio position in these types of illiquid investments becomes at least temporarily irreversible. We study the asset-pricing implications of illiquidity in a two-asset exchange economy with heterogeneous agents. In this market, one asset is always liquid. The other asset can be traded initially, but then not again until after a “blackout†period. Illiquidity has a dramatic e...

Asset Stock Accumulation and Sustainability of Competitive Advantage

OpenAIRE

Ingemar Dierickx; Karel Cool

1989-01-01

Given incomplete factor markets, appropriate time paths of flow variables must be chosen to build required stocks of assets. That is, critical resources are accumulated rather than acquired in "strategic factor markets" (Barney [Barney, J. 1986. Strategic factor markets: Expectations, luck, and business strategy. Management Sci. (October) 1231--1241.]). Sustainability of a firm's asset position hinges on how easily assets can be substituted or imitated. Imitability is linked to the characteri...

Conformance and non conformance of asset managers to the environment, social and governance pressures: sensemaking capacities and the use of externally defined information

OpenAIRE

Sakuma, Kyoko

2012-01-01

This thesis focuses on a central behavioral paradox in the asset management community. Recent decades have brought an upsurge in initiatives throughout the investment community to voluntarily integrate sustainability issues into investment decisions. The financial crisis has however revealed behavioral inconsistency and deepening irresponsibility. Today, sustainable investments represent USD 10.7 trillion, or 7% of the entire market, of assets under management and it is growing steadily. One ...

Analysis of Tobyhanna Army Depot's Radio Frequency Identification (RFID) Pilot Program: RFID as an Asset Management Tool

National Research Council Canada - National Science Library

Miertschin, Keith W; Forrest, Brian D

2005-01-01

...) used for inventory and asset management at the Tobyhanna Army Maintenance Depot. Tobyhanna Army Depot recently partnered with WhereNet Corporation for a pilot program to incorporate a real-time locating system that uses RFID...

PEMETAAN ASET PENGHIDUPAN PETANI DALAM MENGELOLA HUTAN RAKYAT DI KABUPATEN GUNUNGKIDUL (The Farmer Livelihood Asset Mapping on Community Forest Management in Gunungkidul District

Directory of Open Access Journals (Sweden)

Silvi Nur Oktalina

2016-02-01

Full Text Available ABSTRAK Petani dalam mengelola sumberdaya alam memerlukan aset. Aset penghidupan petani (sumberdaya manusia, sumberdaya alam, finansial, fisik dan sosial sangat berpengaruh terhadap pencapaian tujuan penghidupan. Penelitian ini bertujuan untuk mengukur level aset penghidupan yang digunakan petani dalam mengelola hutan rakyat. Pendekatan penelitian dengan survei di 6 desa di Kabupaten Gunungkidul yaitu Nglanggeran, Katongan, Dengok, Sodo, Girimulyo dan Jepitu. Jumlah responden di setiap desa 30 orang, sehingga total responden adalah 180 petani. Penentuan responden dalam penelitian ini dilakukan secara random. Teknik skoring dengan pembobotan digunakan untuk mengukur level aset yang digunakan petani dalam mengelola hutan rakyat berdasarkan pada Multicriteria Analysis (MCA. Hasil penelitian menunjukkan bahwa petani hutan rakyat di zona Batur Agung (bagian utara Gunungkidul menggunakan aset berdasarkan prioritasnya yaitu aset sumberdaya manusia, sosial, sumberdaya alam, fisik dan finansial. Urutan penggunaan aset petani di zona Ledok Wonosari (bagian tengah adalah aset sosial, sumberdaya manusia, finansial, fisik dan sumberdaya alam. Bagi petani di zona Pegunungan Seribu prioritas penggunaan aset adalah aset fisik, finansial, sosial, sumberdaya manusia dan sumberdaya alam. ABSTRACT Farmers manage natural resources require asset. Farmer livelihood assets (human resources, natural resources, financial, physical and social greatly affect to the achievement of the livelihood objectives. The objective of this study is to measure the level of livelihood assets used by farmers in managing community forests. Data collected by survey in 6 village in Gunungkidul i.e. Nglanggeran, Katongan, Dengok, Sodo, Girimulyo and Jepitu village by interviewing 30 respondents each village, so the total respondents are 180 respondents. Weighted scoring technique used to measure the level of assets used by farmers in managing community forests based on Multicriteria Analysis

A Case Study of Implications and Applications of Standardized Nomenclature for Asset Management in Healthcare

Science.gov (United States)

DeFrancesco, Jennifer A.

2016-01-01

Healthcare organizations strive to adapt to the continuous change in what has become a fast-paced, high technology environment. Many organizations are charged to find efficiencies to better manage medical device assets. Increasingly, healthcare leaders opt to adopt a standardized medical device nomenclature under the purview of a set of national…

Acceptance of Hibah as an Alternative Mechanism in Muslims Asset Management

Directory of Open Access Journals (Sweden)

Ahmad Khairiah

2017-01-01

Full Text Available This study is aimed to identify the acceptance of hibah by beneficiaries based on cases registered in Melaka. Using secondary data collected from the Melaka Syariah Court and Amanah Raya Berhad Melaka, a number of hibah cases were identified from 2013-2015 and highlighted for further discussion in the paper. Interviews, telephone and email correspondences were conducted to further understand the issues concerning hibah cases and their reasoning. The findings indicated that the highest number of registered on hibah cases was recorded in 2015, increasing from 2013. The data result shows that there are more than 20 cases recorded in Melaka except only 12 cases in 2013. Due to increasing number of cases regarding hibah, it shows that citizen of Melaka is still low in understanding the concept and implementation of hibah. Therefore, it is a need to have a standard guideline regarding hibah to avoid any dispute about this matter in the future. Besides that, the dissemination of knowledge about hibah should be done in order to increase the awareness about the acceptable procedure of hibah because it is considered as the best alternative of asset management and to avoid unclaimed Muslim asset.

A managerial approach to costing fixed assets in health care organizations: the role of depreciation and interest.

Science.gov (United States)

Goldschmidt, Y; Gafni, A

1991-01-01

The economic aspect of depreciation and interest on capital are incorporated within a managerial accounting framework by treating both items as imputed charges to be debited to the users of the assets' services. The costs of these services is examined for individual assets that provide either uniform or declining service over the expected life, and for a stock of assets where the character of the individual assets is ignored. By using imputed charges, the hospital's net income is allocated to its sources.

77 FR 9877 - Reporting of Specified Foreign Financial Assets; Correction

Science.gov (United States)

2012-02-21

... Reporting of Specified Foreign Financial Assets; Correction AGENCY: Internal Revenue Service (IRS). ACTION... the reporting of specified foreign financial assets. FOR FURTHER INFORMATION CONTACT: Joseph S.... List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. PART 1...

12 CFR 567.12 - Purchased credit card relationships, servicing assets, intangible assets (other than purchased...

Science.gov (United States)

2010-01-01

... year. Projected future taxable income should include the estimated effect of tax planning strategies... be included in tangible capital in the same amount. (c) Market valuations. The OTS reserves the authority to require any savings association to perform an independent market valuation of assets subject to...

Arbitrage Pricing, Capital Asset Pricing, and Agricultural Assets

OpenAIRE

Louise M. Arthur; Colin A. Carter; Fay Abizadeh

1988-01-01

A new asset pricing model, the arbitrage pricing theory, has been developed as an alternative to the capital asset pricing model. The arbitrage pricing theory model is used to analyze the relationship between risk and return for agricultural assets. The major conclusion is that the arbitrage pricing theory results support previous capital asset pricing model findings that the estimated risk associated with agricultural assets is low. This conclusion is more robust for the arbitrage pricing th...

METHODS AND WAYS OF MANAGING INTANGIBLE ASSETS IN THE ROMANIAN ECONOMY

Directory of Open Access Journals (Sweden)

Alexandru IOANCEA

2011-09-01

Full Text Available The term intangible is used to describe things that can be easily recognized but difficult to quantify. The best example is the intangible economic asset that is easy to describe but difficult to estimate in a particular economic theory.In the current economic theory, intangible economic assets , or intangible Assets are identifiable non-monetary goods specific for property and intellectual capital, beyond physical substance, containing knowledge as the results of research and development (patents, certificates of innovative concepts, specialized treatment, documentation, scientific brands or trademarks, trade secrets and industrial titles advertising, software licensing, copyright, license usage, etc..This paper presents a macroeconomic model to quantify intangible assets during 1991-2009. The model can be used to develop forecasts for the next period.

The demand of liquid assets with uncertain lumpy expenditures

OpenAIRE

Fernando Alvarez; Francesco Lippi

2013-01-01

We consider an inventory model for a liquid asset where the per-period net expenditures have two components: one that is frequent and small and another that is infrequent and large. We give a theoretical characterization of the optimal management of liquid asset as well as of the implied observable statistics. We use our characterization to interpret some aspects of households' currency management in Austria, as well as the management of demand deposits by a large sample of Italian investors.

The Evolution of Inventory Management in Manufacturing and Services Companies

Directory of Open Access Journals (Sweden)

Gerardo Molinary Fernández

2000-08-01

Full Text Available Although inventory management has significantly developed in the past years as a management discipline, its application is still minimal in the service industry and government. In contrast, it is an important tool for any company that is running a competitive business. The management of some companies considers inventory as an asset, not a liability. In addition, in companies in which the use and application of inventory models are common, they can still experience inventory problems. This paper analyzes the weakness of the traditional and most popular inventory model: The Economic Order Quantity model (EOQ. Many of the inventory models available are difficult to understand because they are based on complicate mathematical and statistical formulas. The benefits that computer software have simplifying the use of mathematical formulas are diminished because some of them do not include special applications or solutions when a variation in the assumption of the models is present. When a company implements The Just in Time philosophy (JIT, the management of inventory does not rest in complex formulas. Inventory experts need to emphasize the application of the models instead of the statistical derivation. They also need to be more aggressive in making managers, students and government authorities more aware of managing the inventory levels effectively. The responsibility of good inventory levels is not the sole task of the Operations Department, but the obligation of all the people in a company. Good inventory levels are now a measure of business competitiveness. The goal must be to increase the service level and at the same time reduce the inventory investment.

77 FR 10422 - Reporting of Specified Foreign Financial Assets; Correction

Science.gov (United States)

2012-02-22

... Reporting of Specified Foreign Financial Assets; Correction AGENCY: Internal Revenue Service (IRS). ACTION... to the reporting of specified foreign financial assets. DATES: Effective Date: December 19, 2011. FOR... ``Explanation of Provisions'', paragraph B. 2., line three, the language ``or executor is a bank, financial'' is...

77 FR 9845 - Reporting of Specified Foreign Financial Assets; Correction

Science.gov (United States)

2012-02-21

... Reporting of Specified Foreign Financial Assets; Correction AGENCY: Internal Revenue Service (IRS), Treasury...), which were published in the Federal Register on Monday, December 19, 2011, relating to the reporting of specified foreign financial assets. DATES: Effective date: This correction is effective February 21, 2012...

PENGARUH PENERAPAN FAIR VALUE NON CURRENT ASSET DAN MANAJEMEN PAJAK ATAS ASSET PERUSAHAAN TERHADAP FEE AUDIT

Directory of Open Access Journals (Sweden)

R Nelly Nur Apandi

2016-12-01

Full Text Available Abstract. The implementation of international accounting standards has increased fair value implementation in financial reporting. The benefit is that fair value represents the true economic condition of an entity. On the other hand, this concept also causes problem related to its measurement subjectivity, especially on non current asset. It makes the auditor do a greater effort to gain a sufficient conviction over the fairness of non current asset. This implicates a greater audit fee. This study aims to seek the effect of fair value of non current asset on audit fee. This study also aims to seek any moderation from tax management of companies asset that affects the relationship between fair value implementation and audit fee. By using OLS regression, this study examines companies listed in Indonesia Stock Exchange from 2012 to 2014, with a sample of 114 companies. The result show that fair value implementation affects audit fee and this study is able to prove that fair value implementation moderated by tax management of company asset affects audit fee. Keywords: Fair Value Non Current Asset; Tax Management; Audit Fee   Abstrak. Penerapan standar akuntansi internasional telah meningkatkan penerapan nilai wajar dalam pelaporan keuangan. Manfaatnya adalah bahwa nilai wajar merupakan kondisi ekonomi sebenarnya dari suatu entitas. Di sisi lain, konsep ini juga menyebabkan masalah yang berkaitan dengan subjektivitas pengukurannya, terutama pada aset tidak lancar. Hal ini membuat auditor melakukan upaya yang lebih besar untuk mendapatkan keyakinan yang memadai atas kewajaran aset tidak lancar. Ini berimplikasi pada biaya audit yang lebih besar. Penelitian ini bertujuan untuk mengetahui pengaruh nilai wajar aktiva tidak lancar terhadap biaya audit. Penelitian ini juga bertujuan untuk mencari moderasi dari pengelolaan pajak aset perusahaan yang mempengaruhi hubungan antara penerapan nilai wajar dan biaya audit. Dengan menggunakan regresi OLS

18 CFR 367.4031 - Account 403.1, Depreciation expense for asset retirement costs.

Science.gov (United States)

2010-04-01

..., Depreciation expense for asset retirement costs. 367.4031 Section 367.4031 Conservation of Power and Water... § 367.4031 Account 403.1, Depreciation expense for asset retirement costs. This account must include the depreciation expense for asset retirement costs included in service company property. ...

Finance and Management Services

Science.gov (United States)

Substance Misuse and Addiction Prevention Finance & Management Services Health Care Services Juvenile health care provider about vitamin D and the risks and benefits of supplementation. Finance and Management Services The Division of Finance and Management Services (FMS) provides financial, administrative

Transactive Control and Coordination of Distributed Assets for Ancillary Services

Energy Technology Data Exchange (ETDEWEB)

Subbarao, Krishnappa [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Fuller, Jason C. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Kalsi, Karanjit [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Somani, Abhishek [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Pratt, Robert G. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Widergren, Steven E. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Chassin, David P. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

2013-09-18

The need to diversify energy supplies, the need to mitigate energy-related environmental impact, and the entry of electric vehicles in large numbers present challenges and opportunities to power system professionals. Wind and solar power provide many benefits, and to reap the benefits the resulting increased variability—forecasted as well as unforecasted—should be addressed. A majority of states and the District of Columbia, representing over half of the total load, have passed renewable portfolio standards. California’s plans call for 33% renewable energy by 2020. For grid balancing and for meeting reliability standards, ancillary services are needed. The needs for these services are poised to increase significantly. Demand resources are receiving increasing attention as one means of providing the ancillary services. Control and coordination of a large number (~millions) of distributed smart grid assets requires innovative approaches. One such approach is transactive control and coordination (TC2)—a distributed, hierarchical, agent-based incentive and control system. The TC2 paradigm is to create a market-like control system in which participation is voluntary and the participant sets the price for participation. For transactions that are frequent, automation of bids and responses is necessary. Such an approach has been developed and demonstrated at the Pacific Northwest National Laboratory. The devices, typically thermostatically controlled heating, ventilating, and air conditioning (HVAC) loads, send their bids—the quantity of energy they need and, based on the consumer preferences encoded in a simple user interface, the price they are willing to pay. The typical bid period is 5 minutes. By aggregating all the bids, a demand curve is generated by the aggregating entity, and matched with a supply curve or supply constraint. The aggregator transmits the clearing price to the devices. The winning devices proceed to consume the energy they bid for and won

General overview of the ASSET activities in Ukraine

Energy Technology Data Exchange (ETDEWEB)

Ruday, C G [Ministry for Environmental Protection and Nuclear Safety of Ukraine, Kiev (Ukraine)

1997-12-31

Brief retrospective summary of the ASSET experience in Ukraine since first mission held in June 1992. Analysis of the positive influence of the ASSET approaches to the general safety culture status. Specific problems of the current situation. Difference in attitude to ASSET missions of plant managers and plant safety experts reveals global safety culture drawbacks on the organizational level. Analysis of the direct and root causes of the situation. Lessons learned. Ideas for corrective measures to be implemented. (author). 7 tabs.

General overview of the ASSET activities in Ukraine

International Nuclear Information System (INIS)

Ruday, C.G.

1996-01-01

Brief retrospective summary of the ASSET experience in Ukraine since first mission held in June 1992. Analysis of the positive influence of the ASSET approaches to the general safety culture status. Specific problems of the current situation. Difference in attitude to ASSET missions of plant managers and plant safety experts reveals global safety culture drawbacks on the organizational level. Analysis of the direct and root causes of the situation. Lessons learned. Ideas for corrective measures to be implemented. (author). 7 tabs

Marketing assets: Relating brand equity and customer equity

Directory of Open Access Journals (Sweden)

Jaime Romero

2016-03-01

Full Text Available Purpose: Brand equity and customer equity are inextricably linked. Some authors propose that marketing activities build these intangible assets simultaneously. In contrast, others suggest that brand equity is an antecedent of customer equity. In this research, we aim to shed light about the relationship between brand equity and customer equity, by empirically testing these two alternative explanations. Design/methodology/approach: We propose four research models that reflect these two alternatives explanations regarding the link between brand equity and customer equity. In order to estimate these models we employ Structural Equations Modelling. We measure model variables using data collected through a survey to marketing managers of services companies that operate in Spain. We compare these four research models in terms of explanatory power and goodness of fit. Findings: Our results indicate that the models that correspond to the simultaneity approach have a higher explanatory power and goodness of fit than the models that suggest that brand equity is an antecedent of customer equity, thus supporting that these intangible assets are built by marketing activities at the same time. Research limitations/implications: Our results recommend caution when interpreting previous research about the effects of brand (customer equity, as they might indeed correspond to customer (brand management. Similarly, future research focusing on customer and brand management need to take into account both managerial areas in their studies. Practical implications: From a practitioners’ point of view, our findings suggest adopting a brand-customer portfolio approach to enhance company profitability. Similarly, we derive implications for firm valuation processes, which incorporate brand equity and customer equity in their calculations. Originality/value: We empirically study the relationship between brand equity and customer equity, while previous research has analyzed

Asset Management Recovery after the Disater: State of Knowledge

OpenAIRE

Sapri Maimunah; Abd Razak Siti Mariyam

2016-01-01

Asset, infrastructure and business can be destroyed in a split seconds. It only takes a minute for natural disasters such as flood, hurricane and others to happen that will stop the business process and destroying the business as well as their assets. Late response towards the disaster will bring disastrous impact not only to the people but also the social and economic of the impacted people and area. It is therefore important for the organization to ensure speedy recovery of the disaster’s i...

26 CFR 1.338-7 - Allocation of redetermined ADSP and AGUB among target assets.

Science.gov (United States)

2010-04-01

...: Asset class Asset Fair market value V Building $ 100 V Stock of X (not a target) 200 Total 300 (B) T has... target assets. 1.338-7 Section 1.338-7 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE... redetermined ADSP and AGUB among target assets. (a) Scope. ADSP and AGUB are redetermined at such time and in...

USING RF TECHNOLOGY FOR PROTECTED ASSET TRACKING

International Nuclear Information System (INIS)

Younkin, James R.; Pickett, Chris A.; Richardson, Dave; Stinson, Brad J.

2008-01-01

The Oak Ridge National Laboratory (ORNL) is working on systems that use a new radio frequency (RF) technology called Rubee to manage and inventory many types of protected assets, including weapons housed in Department of Energy (DOE) armories, tooling, and nuclear material containers. Rubee is being considered for an IEEE Standard, and is used on several projects at ORNL because of its high performance when used in, on, and around metal-an environment that is typical of that found in an armory vault and that of many other protected assets locations within nuclear facilities. The primary objective using Rubee is to supply sustainable technology that provides timely information on the status and location of protected assets. This paper focuses on the results from a deployment of this technology at a DOE armory and discusses the applicability of Rubee for use with other protected assets within nuclear facilities. Key Words: Rubee, low radio frequency, protected assets

Education and Asset Composition.

Science.gov (United States)

Bradley, Michael G.; Graham, John W.

1988-01-01

Investigates the relationship between educational attainment and married couples' efficiency at managing their assets. Using 1976 data, this study of over 750 Illinois couples disclosed little empirical evidence that education imparts efficiency to the realm of personal finance. Includes 6 tables, 5 notes, and 17 references. (MLH)

Manager Information Management and Innovation Services | IDRC ...

International Development Research Centre (IDRC) Digital Library (Canada)

Manager Information Management and Innovation Services ... manages research services for end users, ensures that internal clients know how to access ... in order to ensure that services provided meet a high level of quality and client needs ...

QUANTITATIVE INDICATORS OF THE SECURITIZATION OF ASSETS

Directory of Open Access Journals (Sweden)

Denis VOSTRICOV

2018-02-01

Full Text Available Securitization is instrumental in return on capital increment through the withdrawal from the balance oflending activities being accompanied by off-balance incomes flow from fees, which are less capital-intensive. Thepurpose of this paper is to analyze the quantitative indicators characterizing the securitization of assets. For draftingthis article, the method of analysis, synthesis method, logic and dialectic method, normative method, the study ofstatistical sampling and time series of expert evaluations (Standard and Poor’s, personal observations, andmonographic studies have been used. The main difference between the securitization of assets from traditional waysof financing is related to the achievement of a plenty of secondary goals in attracting financial resources, whichcan play a significant role in choosing to favour the securitization of assets or other types of financing. Inparticular, it gives a possibility to write off the assets from the balance sheet along with the relevant obligationsunder the securities, to expand the range of potential investors accompanied by the reducing of credit risk, interestrate and liquidity risk, as well as to improve the management quality of assets, liabilities and risks. All of thesesecondary effects are achieved by the isolation of selected assets from the total credit risk of the enterprise, raisingits funds, which forms the pivotal actuality and significance of asset securitization. The article containsdemonstrations of quantitative and qualitative indicators characterizing the securitization of assets.

26 CFR 1.167(a)-11 - Depreciation based on class lives and asset depreciation ranges for property placed in service...

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 2 2010-04-01 2010-04-01 false Depreciation based on class lives and asset depreciation ranges for property placed in service after December 31, 1970. 1.167(a)-11 Section 1.167(a)-11...) INCOME TAXES (CONTINUED) Itemized Deductions for Individuals and Corporations § 1.167(a)-11 Depreciation...

Quality Management of Services

Directory of Open Access Journals (Sweden)

Yuriy I. Dreizis

2016-10-01

Full Text Available It is shown that services take the leading place in modern, post-industrial society. The world economy has passed the period of deindustrialization and became service economy. Fundamentals of service economy are not physical goods, but service. The special nature of service and its property demands the mechanism of management, other than physical goods. Ensuring necessary quality of the provided service is one of the main problems, which is put before the organization by peculiar properties of service. Therefore, quality management of service is the most important branch of management of the modern organization.

Risk Management of Assets Dependency Based on Copulas Function

Directory of Open Access Journals (Sweden)

Cheng Lei

2017-01-01

Full Text Available As the two important form of financial market, the risk of financial securities, such as stocks and bonds, has been a hot topic in the financial field; at the same time, under the influence of many factors of financial assets, the correlation between portfolio returns causes more research. This paper presents Copula-SV-t model that it uses SV-t model to measure the edge distribution, and uses the Copula-t method to obtain the high-dimensional joint distribution. It not only solves the actual deviation with using the ARCH family model to calculate the portfolio risk, but also solves the problem to overestimate the risk with using extreme value theory to study financial risk. Through the empirical research, the conclusion shows that the model describes better assets and tail characteristics of assets, and is more in line with the reality of the market. Furthermore, Empirical evidence also shows that if the portfolio is relatively large degree of correlation, the ability to disperse portfolio risk is relatively weakness.

THE BUSINESS MODEL AND FINANCIAL ASSETS MEASUREMENT

OpenAIRE

NICULA Ileana

2012-01-01

The paper work analyses some aspects regarding the implementation of IFRS 9, the relationship between the business model approach and the assets classification and measurement. It does not discuss the cash flows characteristics, another important aspect of assets classification, or the reclassifications. The business model is related to some characteristics of the banks (opaqueness, leverage ratio, compliance to capital, sound liquidity requirements and risk management) and to Special Purpose...

Information and Knowledge Management at South African Law Firms

Directory of Open Access Journals (Sweden)

T du Plessis

2011-07-01

Full Text Available Global and national law firms alike operate in a challenging business environment and managing the firm's information and knowledge assets is increasingly viewed as a key factor in efficient legal service delivery. In legal practice, information management technologies, for example intranets, portals, workflow management systems, document and content management systems, case and project management systems and online dispute resolution systems are becoming important means of legal service delivery. The reason for applying information management technologies and implementing knowledge management strategies in law firms is not only to satisfy clients' growing need for a trusted online platform to interact with legal service providers, but for law firms to capitalise on their intellectual assets, to continuously modernise legal practice management, to empower lawyers, to increase productivity, to use time efficiently, to transfer skills and knowledge from senior to junior professionals, to improve service delivery and to gain competitive advantage. This article firstly reviews the role of information and knowledge management in providing an effective legal service to clients and compares foreign and South African law firms' information management related contexts, challenges and benefits. Secondly, it presents the findings of a survey conducted at South African law firms based on their knowledge management practices. The aim of the article is to provide insights into law firm knowledge management and its effect on providing legal services in an online business environment.

JACoW Integration of the vacuum SCADA with CERN's Enterprise Asset Management system

CERN Document Server

Rocha, Andre; Fraga, Jorge; Gkioka, Georgia; Gomes, Paulo; Gonzalez, Luis; Krastev, Tsvetelin; Riddone, Germana; Widegren, David

2018-01-01

With over 128Km of vacuum chambers, reaching pressures as low as in interstellar space, CERN is home to the largest vacuum system in the world. Its underlying architecture comprises approximately 15 000 pieces of control equipment, supervised and controlled by 7 Supervisory Control And Data Acquisition (SCADA) servers, and over 300 Programmable Logic Controllers (PLCs). Their configuration files are automatically generated from a set of ORACLE databases (vacDB) using a Java application (vacDB-Editor). The maintenance management of such an amount of equipment requires the usage of an Enterprise Asset Management system (EAM), where the life cycle of every equipment is tracked from reception through decommissioning. The equipment displayed in the vacuum SCADA is automatically integrated in its user interfaces (UIs) based on data available on vacDB. On the other hand, the equipment available in Infor-EAM for maintenance management activities (creation of work-orders, stock management, location tracking) resides i...

Accounting Practices Regarding the Non-Current Assets Held for Sale

Directory of Open Access Journals (Sweden)

Marinela Manea

2010-12-01

Full Text Available Generally the non-current assets, and especially the tangible assets, are held by the entity (as it results from their very definition in order to be used in the production of goods or for services, to be rented to the thirds or to be used for administrative purposes during several periods. For the time interval that a non-current asset is not classified as being held for sale, its recognition and implicitly its assessment will be done in accordance with the provisions of the applicable International Financial Reporting Standards; after the classification of the respective asset as being held with the intention of subsequent sale there will be applicable the provisions of the contemporary IFRS norm 5 “Non-current assets held for sale and discontinued activities”.

Software life after in-service

International Nuclear Information System (INIS)

Tseng, M.; Eng, P.

1993-01-01

Software engineers and designers tend to conclude a software project at the in-service milestone of the software life cycle. But the reality is that the 'life after in-service' is significantly longer than other phases of the life cycle, typically 20 years or more depending on the maintainability of the hardware platform and the designed life of the plant. During this period, the software asset (as with other physical assets in the plant) continues to be upgraded to correct deficiencies, meet new requirements, cope with obsolescence of equipment and so on. The software life cycle ends with a migration of the software to a different platform. It is typical in a software development project to put a great deal of emphasis on design methodologies, techniques, tools, development environment, standard procedures, and project management to ensure quality product is delivered on schedule and within budget. More often than not, a disproportion of emphasis is placed on the issues and needs of the in-service phase. Once the software is in-service, the designers move on to other projects, while the maintenance and support staff must manage the software. This paper examines the issues in three steps. First it presents a view of software from maintenance and support staff perspectives, including complexity of software, suitability of documentation, configuration management, training, difficulties and risks associated with making changes, required skills and knowledge. Second, it identifies the concerns raised from these viewpoints, including costs of maintaining the software, ability to meet additional requirements, availability of support tools, length of time required to engineer and install changes, and a strategy for the migration of software asset. Finally it discusses some approaches to deal with the concerns. (Author) 5 refs., fig

Defense Contract Management Command Capitalization of Fixed Assets

National Research Council Canada - National Science Library

Young, Shelton

1997-01-01

The audit objective was to determine whether the Defense Logistics Agency and the Defense Finance and Accounting Service had implemented effective management control procedures and complied with laws...

A study on important factors influencing customer relationship management: A case study of Mobile service provider

Directory of Open Access Journals (Sweden)

Naser Azad

2013-04-01

Full Text Available Customers are considered as essential assets in any organizations including mobile services. During the past few years, mobile industry is growing rapidly and the competitions among business owners increases steadily. In this paper, we present an empirical investigation to find important factors influencing customer relationship management. The proposed study of this paper designs a questionnaire and distributes it among 253 customers in mobile industry in city of Tehran, Iran. All questions are designed in Likert scale and Cronbach alpha is calculated as 0.816, which is relatively reliable value. There were 28 questions in this survey and the proposed study extracts five important factors including economic factors, communication skills, organizational resources, service capabilities and flexible market.

Evaluation of asset replacement strategies considering economic cycles: lessons from the machinery rental business

NARCIS (Netherlands)

Grössler, A.; Bivona, E.; Fuzhuang, L.; Größler, A.

2015-01-01

In businesses with heavy capital investments, the effective management of assets is crucial, in particular in the fleet rental business where assets are the major source of revenues. One important question in this regard concerns the replacement of used assets and the purchase of new assets. Thus,

Manager personality, manager service quality orientation, and service climate: test of a model.

Science.gov (United States)

Salvaggio, Amy Nicole; Schneider, Benjamin; Nishii, Lisa H; Mayer, David M; Ramesh, Anuradha; Lyon, Julie S

2007-11-01

This article conceptually and empirically explores the relationships among manager personality, manager service quality orientation, and climate for customer service. Data were collected from 1,486 employees and 145 managers in grocery store departments (N = 145) to test the authors' theoretical model. Largely consistent with hypotheses, results revealed that core self-evaluations were positively related to managers' service quality orientation, even after dimensions of the Big Five model of personality were controlled, and that service quality orientation fully mediated the relationship between personality and global service climate. Implications for personality and organizational climate research are discussed. (c) 2007 APA

IMPLEMENTASI DIGITAL ASSET MANAGEMENT SYSTEM PADA WEB PORTAL KARYA SISWA JURUSAN MULTIMEDIA DI SMK NEGERI 1 MARTAPURA

Directory of Open Access Journals (Sweden)

Rahmat Ramadhani

2016-04-01

Full Text Available Student Works Web Portal Of Multimedia Department In Smk Negeri 1 Martapura is a web portal implementing Digital Asset Management System. This web portal built based by the works of the students who had only used the DVD, in which each store one of his students in a single DVD. This causes problems especially in the limited physical storage space and search work takes a long time. With the waterfall method, built a student works web portal to save the works of the students in the form of digital media. A DAM system is built on a central repository that facilitates the storage, organization, retrieval, use and reuse of digital files. The results of the construction of the web portal is known that there is a significant speed difference between the old system to the new system, the new system can be said to be faster than the old system. In addition, the new system can be seen consuming less physical space than the old system. Based on research conducted, it can be concluded that by implementing the DAM system, the search speed for work can be improved and storage of work can be saved. Keywords: Web Portal, Work, Multimedia, Digital Asset Management, Digital Media. Web Portal Karya Siswa Jurusan Multimedia SMK Negeri 1 Martapura merupakan web portal yang menerapkan Digital Asset Management System. Web portal yang dibangun dilatar belakangi oleh penyimpanan data karya-karya para siswa yang selama ini hanya menggunakan DVD, dimana setiap siswa menyimpan satu karyanya dalam satu DVD. Hal ini menyebabkan masalah terutama pada terbatasnya ruang penyimpanan secara fisik serta pencarian karya yang memerlukan waktu lama. Dengan metode waterfall, dibangunlah sebuah web portal karya siswa yang secara spesifik menyimpan karya-karya para siswa dalam bentuk media digital. Sebuah sistem DAM dibangun di atas repositori pusat yang memfasilitasi penyimpanan, organisasi, pengambilan, pemanfaatan dan penggunaan kembali file digital. Hasil dari dibangunnya web portal

Outside The Box: Building a Digital Asset Management Ecosystem for Preservation and Access

Directory of Open Access Journals (Sweden)

Andrew Weidner

2017-04-01

Full Text Available The University of Houston (UH Libraries made an institutional commitment in late 2015 to migrate the data for its digitized cultural heritage collections to open source systems for preservation and access: Hydra-in-a-Box, Archivematica, and ArchivesSpace. This article describes the work that the UH Libraries implementation team has completed to date, including open source tools for streamlining digital curation workflows, minting and resolving identifiers, and managing SKOS vocabularies. These systems, workflows, and tools, collectively known as the Bayou City Digital Asset Management System (BCDAMS, represent a novel effort to solve common issues in the digital curation lifecycle and may serve as a model for other institutions seeking to implement flexible and comprehensive systems for digital preservation and access.

Rethinking Value in the Bio-economy: Finance, Assetization, and the Management of Value.

Science.gov (United States)

Birch, Kean

2017-05-01

Current debates in science and technology studies emphasize that the bio-economy-or, the articulation of capitalism and biotechnology-is built on notions of commodity production, commodification, and materiality, emphasizing that it is possible to derive value from body parts, molecular and cellular tissues, biological processes, and so on. What is missing from these perspectives, however, is consideration of the political-economic actors, knowledges, and practices involved in the creation and management of value. As part of a rethinking of value in the bio-economy, this article analyzes three key political-economic processes: financialization, capitalization, and assetization. In doing so, it argues that value is managed as part of a series of valuation practices, it is not inherent in biological materialities.

The ASSET service. Will another accident occur in the nuclear industry? In which country? When?

Energy Technology Data Exchange (ETDEWEB)

Thomas, B [International Atomic Energy Agency, Vienna (Austria)

1997-10-01

The presentation discusses the following issues: prevention of accidents at nuclear power plants(NPP); promotion of self assessment of NPP safety; guidance of self assessment; the ASSET methodology; plant defence in depth; safety culture; operating experience feedback;guidance for ASSET peer-review; ASSET missions conducted at the request of the IAEA member states.

The ASSET service. Will another accident occur in the nuclear industry? In which country? When?

International Nuclear Information System (INIS)

Thomas, B.

1997-01-01

The presentation discusses the following issues: prevention of accidents at nuclear power plants(NPP); promotion of self assessment of NPP safety; guidance of self assessment; the ASSET methodology; plant defence in depth; safety culture; operating experience feedback;guidance for ASSET peer-review; ASSET missions conducted at the request of the IAEA member states

Kursk ASSET brings praise for plant operators

International Nuclear Information System (INIS)

Anon.

1992-01-01

An Assessment of Safety Significant Events Team (ASSET) from the International Atomic Energy Agency (IAEA) visited Kursk on 19-31 July 1992 - the first time such a group had been to a RBMK reactor site. Kursk is a four unit station and the IAEA Team was able to consider safety significant events over its 45 reactor-year history. all four units have good operating records, with lifetime load factors of 70-80%. The ASSET's aim was to consider the plants current safety provisions for prevention of accidents and incidents. ASSET recommendations may cover the design and operability of the plant, personnel or operating procedures. At Kursk the Team found that ''highly qualified plant management and a very dedicated and knowledgeable operating staff'' was a major asset. They found a sound maintenance programme although some aspects of the facility appeared neglected. This was attributed to Russian industrial priorities that focused on functionality rather than appearance. it was in the test and maintenance personnel that the ASSET mission found the safety culture weakest. Some of their recommendations are reported in this article. (Author)

Concession of Brazilian Federal Highways: Orphan Assets Evidence

Directory of Open Access Journals (Sweden)

Samuel de Rezende Salgado

2017-01-01

Full Text Available One of the uses of public service concession contracts in Brazil is in the road infrastructure sector, existing at the federal level 21 roads’ concession contracts, totaling approximately 10 thousand kilometers, which is 12.6% of the federal road network. Whereas in this type of contract the government does not transfer ownership of the asset, but only access to the concessionaire for the operation of public services, this study aims to determine in which entity (public or private are registered the federal roads, object of the concession contracts. To address the research question, the financial statements of 21 utility companies or controlling group were analyzed, as well the balance sheet of the National Land Transportation Agency (ANTT, all for the year 2014. The study findings show that the Brazilian federal highways are not recorded in public statements or in the financial statements of utility companies, providing evidence that these infrastructure assets meet the definition of orphan assets. Thus, the net worth of the ANTT is not adequately represented in its balance sheet.

The Essence and Meaning of the Enterprise’s Marketing Assets

Directory of Open Access Journals (Sweden)

Krasovska Olena J.

2017-12-01

Full Text Available The article carries out a comparative analysis of the most common definitions of the term of «marketing assets». Generalizing the presented approaches, it is proposed to understand marketing assets as the existing intangible resources and products of intellectual activity of the enterprise’s staff, which materialize in goods and services and provide a higher Level of trust, long-term, mutually advantageous relationships and relations with stakeholders, in comparison with competitors. On analyzing the intangible assets of enterprise, it has been concluded that, for the enterprises of food industry, the most essential for ensuring the growth of their value are the marketing and technical-technological intangible assets. For the enterprises of machine-building and metallurgy, both the marketing and the so-called cognitive intangible assets are definitive, because, in order to maintain a stable competitive position of company in the branch, and, accordingly, to increase its capitalization, the determining assets will be: corporate strategy, intellectual capital, experience in the market, etc.

ServiceBlueprinting as a service management tool in radiology

International Nuclear Information System (INIS)

Maurer, Martin H.; Hamm, Bernd; Teichgraeber, Ulf

2011-01-01

Purpose: To describe the ServiceBlueprint model as a suitable method of service management in clinical medicine using the example of the routine clinical setting of a radiological department. Materials and methods: ServiceBlueprinting is a concept for the analysis, visualization, and optimization of service processes. To investigate whether the model will also provide a suitable representation of medical services, particularly the provision of radiological services, ServiceBlueprints were created for the modality computed tomography (CT). To this end, an independent observer analyzed the workflow of 40 consecutive CT examinations. Results: The ServiceBlueprint provided an analysis of the status quo of the service processes in CT imaging modality. Weak points in the processes thus became immediately apparent. The model could also be used for personnel management in that it helped to define the roles of staff members from different categories in the value-added process. It served as a basis for the implementation of quality management systems according to Total Quality Management (TQM) and DIN-EN-ISO-9001:2000. Conclusions: The ServiceBlueprint model is a service management concept that is also suitable to visualize medical service processes in routine clinical settings like in a radiology department and has a multifarious potential in process optimization, implementation of quality management systems, and human resources management.

Knowledge asset management pertinent to information systems outsourcing

CSIR Research Space (South Africa)

Smuts, H

2015-04-01

Full Text Available Organisations have over time realised that leveraging their already accumulated knowledge assets are the most cost effective way to increase their competitive standing and to harness innovation. In choosing to outsource their information systems (IS...

Managing Database Services: An Approach Based in Information Technology Services Availabilty and Continuity Management

Directory of Open Access Journals (Sweden)

Leonardo Bastos Pontes

2017-01-01

Full Text Available This paper is held in the information technology services management environment, with a few ideas of information technology governance, and purposes to implement a hybrid model to manage the services of a database, based on the principles of information technology services management in a supplementary health operator. This approach utilizes fundamental nuances of services management guides, such as CMMI for Services, COBIT, ISO 20000, ITIL and MPS.BR for Services; it studies harmonically Availability and Continuity Management, as most part of the guides also do. This work has its importance because it keeps a good flow in the database and improves the agility of the systems in the accredited clinics in the health plan.

The Effects of Asset Management and Profitability on Stock Returns: A Comparative Study between Conventional and Islamic Stock Markets in Indonesia

Directory of Open Access Journals (Sweden)

Shelly Midesia

2016-09-01

Full Text Available This study aims at empirically examining whether there are differences in stock returns between conventional and Islamic stock returns In Indonesia for the period 2010-2013. This study also attempts to explore the effect of asset management and profitability both stock returns in Indonesia. Annual pooled data gathered from the annual financial reports of 100 conventional and Islamic stock returns, which were published by the Indonesian Stock Exchange from 2010 to 2013 were used and analyzed by using the independent t-test and panel multivariate regression analysis. The result shows that there was no difference in stock returns between the conventional and Islamic stock markets. Additionally, the study documents that only profitability, which is measured by market ratio, was found to have an influence on the conventional stock markets. Meanwhile, as for Islamic stock market, only management of assets was found to have a significant effect on the stock return. These findings imply that investors who are investing in both Islamic and conventional markets would gain similar returns. However, in predicting and stabilizing the stock markets, both investors and policy makers should focus on the profitability for the conventional and management of assets for the Islamic stock market.

Finding Funding: A Guide to Federal Sources for Asset-Building Initiatives. Finding Funding Series

Science.gov (United States)

Lind, Christianne; Relave, Nanette; Schmid, William; Terzaghi, Damon

2009-01-01

This guide outlines strategies for financing asset-building initiatives and provides information on 71 federal funding sources that can be used to support a range of activities and services. It includes well-known sources of funding for asset building, for example, the Assets for Independence Demonstration Program and the Family Self-Sufficiency…

Service management at CERN with Service-Now

International Nuclear Information System (INIS)

Toteva, Z; Fedorko, I; Hefferman, J; Lemaitre, S; Mira, O Pera; Alonso, R Alvarez; Cheimariou, M-E; Clavo, D Martin; Granda, E Alvarez; Pedreira, P Martinez

2012-01-01

The Information Technology (IT) and the General Services (GS) departments at CERN have decided to combine their extensive experience in support for IT and non-IT services towards a common goal – to bring the services closer to the end user based on Information Technology Infrastructure Library (ITIL) best practice. The collaborative efforts have so far produced definitions for the incident and the request fulfilment processes which are based on a unique two-dimensional service catalogue that combines both the user and the support team views of all services. After an extensive evaluation of the available industrial solutions, Service-now was selected as the tool to implement the CERN Service-Management processes. The initial release of the tool provided an attractive web portal for the users and successfully implemented two basic ITIL processes; the incident management and the request fulfilment processes. It also integrated with the CERN personnel databases and the LHC GRID ticketing system. Subsequent releases continued to integrate with other third-party tools like the facility management systems of CERN as well as to implement new processes such as change management. Independently from those new development activities it was decided to simplify the request fulfilment process in order to achieve easier acceptance by the CERN user community. We believe that due to the high modularity of the Service-now tool, the parallel design of ITIL processes e.g., event management and non-ITIL processes, e.g., computer centre hardware management, will be easily achieved. This presentation will describe the experience that we have acquired and the techniques that were followed to achieve the CERN customization of the Service-Now tool.

SPECIFIC OF ACCOUNTING OF NON-FINANCIAL ASSETS IN HEALTH INSTITUTIONS

Directory of Open Access Journals (Sweden)

Natalya Pryadka

2016-11-01

Full Text Available The purpose of the paper is to analysis of the modern state of accounting of non-financial assets and present accounting in health institutions protection during the period of medical reforms. The account of nonfinancial assets has his specific in medical establishments. Reforms, which implemented in Ukraine, affecting the account of non-financial assets. Medical institutions relate to the General government. Methodology. The survey is based on a comparison of data from the national and international reforms in medical industry. Results of the survey showed that in the dictionary of V. Raizberg next determination is driven: "public sector – it is a set of business units, that carry out economic activity, are in a public domain, controlled by public authorities or designated and hired persons" (Raizberg, 1999. In the Commercial code of Ukraine it is indicated: "The subjects of public sector of economy are subjects that operate on the basis of only public domain, and also subjects, which state share in authorized capital exceeds fifty percents or be value that provides a right to the state for decisive influence on economic activity of these subjects" (СС, 2003. Practical implications. Public sector structure specifies data of International Public Sector Accounting Standards. Substancial load concept "public sector" in national and international practice are relevant (Poznyakovska, 2009. Accounting in health institutions has specific terms, inherent to the government sector. They are determined by the types of activity and terms of assignation (Pasichnik, 2005. Medical services must be accessible to all stratum of population. They must have free basis. They come forward as a public benefit independent of individual possibility to pay for him. Therefore lion's part of general charges for health protection is used on the grant of medical services to the population. At the same time "upgrading of medical services lies inplane providing of

15 CFR 801.10 - Rules and regulations for the BE-120, Benchmark Survey of Transactions in Selected Services and...

Science.gov (United States)

2010-01-01

... services; management, consulting, and public relations services (including allocated expenses); merchanting... software; business format franchising fees; and other intangible assets, including indefeasible rights of...

Managing customer service.

Science.gov (United States)

Paget, Zoe

2015-02-28

Zoe Paget is the customer services manager at YourVets. Her role includes managing the company's call centre, social media marketing, working with the marketing department to develop customer care initiatives and reporting service levels to the company's directors. British Veterinary Association.

Impairment of intangible assets: quality of disclosures in the financial crisis period

Directory of Open Access Journals (Sweden)

T. R. Ismagilova

2016-01-01

Full Text Available The role of intangible assets presented in companies’ financial statements cannot be underestimated as in recent years the structure of the companies’ statement of financial position has significantly changed and is mainly presented by intangible assets instead of tangible assets. Global trends suggest a growing importance of intangible assets to business value, at the same time intangibles are one of the most complex assets in terms of their valuation. The widespread economic slowdown means that assets and businesses in many industries will generate lower cash flows than expected. This increases the likelihood that asset carrying amounts are greater than the expected cash flows from the assets. A number of assumptions used by management have increased, therefore there is a need for the detailed analysis of the disclosed information in terms of its reasonableness. IAS 36 Impairment of Assets sets out the requirements for the disclosed information, however, companies impairment testing processes, models and assumptions depend on the certain business and are individual. Impairment of intangible assets should not be treated by the companies as an exercise to conform IFRS requirements as it is the key element of the financial statements faithful re presentation. Main questions in terms of the quality of disclosed information regarding intangible assets impairment are addressed in this article, including the following: the role of the disclosed assumptions and estimates made by management is analysed, su ggestions are made on the documentation of the stages of the impairment test performed, key disclosure requirements are summarised and can be used by companies in self-review purposes.

26 CFR 1.806-3 - Certain changes in reserves and assets.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Certain changes in reserves and assets. 1.806-3 Section 1.806-3 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Investment Income § 1.806-3 Certain changes in reserves and assets. (a...

Intensity and efficiency analysis of assets use when monitoring the ...

African Journals Online (AJOL)

The authors define the gap as an underestimated part of assets and identify it with the company's goodwill. The authors research the practical application area of the business activity indicators, including for the grounded management decisions concerning the evaluation of investment attractiveness and efficiency of assets ...

Internal audit of costs on fixed assets repair

Directory of Open Access Journals (Sweden)

M.Yu. Samchyk

2016-12-01

Full Text Available The article focuses on the approaches to the process and methods of expenditure audit on repair and modernization of fixed assets and the author considers that there is no single approach to understanding the issue. The author improves the organizational and methodological support of internal audit of expenditures on the fixed assets repair and modernization that forms the accurate information for management repair and modernization of fixed assets. The paper specifies the goals and objectives of internal expenditures on repair and modernization of fixed assets, depending on the sources of such facilities to the company, allowing the author to determine the documentary control methods to be applied by an auditor to perform each task. The article determines the areas of risk components of internal control that can lead to ineffective implementation of authority by officials of an enterprise in the process of fixed assets repair, which can cause inefficient use of resources and, consequently, decrease in the efficiency of the work of fixed assets repair and modernization. The author proposes the list of auditor’s questions to assess the internal control system in the repair of fixed assets and these questions will help identify the significant drawbacks of control means.

76 FR 78703 - American Century Strategic Asset Allocations, Inc., et al.;

Science.gov (United States)

2011-12-19

...] American Century Strategic Asset Allocations, Inc., et al.; Notice of Application December 13, 2011. AGENCY... Century Strategic Asset Allocations, Inc. (``ACSAA''), American Century Investment Management, Inc... with its investment objectives, policies, strategies and limitations, in financial instruments that may...

Utilizing a GPS-enabled fleet management system to improve safety through real-time personnel monitoring and asset management

Energy Technology Data Exchange (ETDEWEB)

Mavreas, M. [Bell Canada, Montreal, PQ (Canada)

2005-07-01

The telepod is a real-time dispatch, tracking and vehicle management system developed by Bell, which also allows remote access to company data. Advantages of the system were discussed in this power point presentation. It was suggested that the system offers increased efficiency, asset tracking and more accurate maintenance. Productivity improvements are made possible through real-time dispatching of orders, which results in improved customer service. Additional benefits of the system include fuel savings; trip reports to track vehicle start and stop times; and improved route changes through trip analysis. The system also enables the tracking of vehicles driven after work hours and on weekends. The generator tracking capability provides information on when generators are being moved as well as uptime for improved maintenance in addition to registering fuel levels to ensure business keeps running during a blackout. The vehicle management system is also capable of identifying under-utilized vehicles and can assist in the reduction of inactive vehicles as well as in a reduction of fuel consumption and harmful emissions by controlling idling time. Other advantages include maintenance eliminated mileage errors; an improved inspection program; remote diagnosis and prognostics; a reduction in downtime and costs associated with unnecessary vehicle breakdown; and reduced vehicle wear and tear. Among the safety features is a trigger for the dispatch of emergency vehicles. It was suggested that the lone worker device provides technicians with a sense of security, as well as ensuring greater consumer safety. It was concluded that Bell supports industry cooperation for safe driving awareness through advertising campaigns, and communicates safety messages to customers, employees and the public at large. tabs, figs.

Roadway alignments as assets: evaluating alternatives for valuing major highway corridor rights of way.

Science.gov (United States)

2010-12-01

In most highway asset management exercises, real estate used in alignments is considered to be an asset class that does not depreciate. Although the treatment of right of way assets as non-depreciable real property may be appropriate as an accounting...

Using Photovoice and Asset Mapping to Inform a Community-Based Diabetes Intervention, Boston, Massachusetts, 2015.

Science.gov (United States)

Florian, Jana; Roy, Nicole M St Omer; Quintiliani, Lisa M; Truong, Ve; Feng, Yi; Bloch, Philippe P; Russinova, Zlatka L; Lasser, Karen E

2016-08-11

Diabetes self-management takes place within a complex social and environmental context.  This study's objective was to examine the perceived and actual presence of community assets that may aid in diabetes control. We conducted one 6-hour photovoice session with 11 adults with poorly controlled diabetes in Boston, Massachusetts.  Participants were recruited from census tracts with high numbers of people with poorly controlled diabetes (diabetes "hot spots").  We coded the discussions and identified relevant themes.  We further explored themes related to the built environment through community asset mapping.  Through walking surveys, we evaluated 5 diabetes hot spots related to physical activity resources, walking environment, and availability of food choices in restaurants and food stores. Community themes from the photovoice session were access to healthy food, restaurants, and prepared foods; food assistance programs; exercise facilities; and church.  Asset mapping identified 114 community assets including 22 food stores, 22 restaurants, and 5 exercise facilities.  Each diabetes hot spot contained at least 1 food store with 5 to 9 varieties of fruits and vegetables.  Only 1 of the exercise facilities had signage regarding hours or services.  Memberships ranged from free to $9.95 per month.  Overall, these findings were inconsistent with participants' reports in the photovoice group. We identified a mismatch between perceptions of community assets and built environment and the objective reality of that environment. Incorporating photovoice and community asset mapping into a community-based diabetes intervention may bring awareness to underused neighborhood resources that can help people control their diabetes.

Portfolio Management

Science.gov (United States)

Duncan, Sharon L.

2011-01-01

Enterprise Business Information Services Division (EBIS) supports the Laboratory and its functions through the implementation and support of business information systems on behalf of its business community. EBIS Five Strategic Focus Areas: (1) Improve project estimating, planning and delivery capability (2) Improve maintainability and sustainability of EBIS Application Portfolio (3) Leap forward in IT Leadership (4) Comprehensive Talent Management (5) Continuous IT Security Program. Portfolio Management is a strategy in which software applications are managed as assets

24 CFR 990.275 - Project-based management (PBM).

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Project-based management (PBM). 990... URBAN DEVELOPMENT THE PUBLIC HOUSING OPERATING FUND PROGRAM Asset Management § 990.275 Project-based... of rental housing at the project level. Under PBM, these property management services are arranged...

Multi-asset class mutual funds: Can they time the market? Evidence from the US, UK and Canada

OpenAIRE

Clare, A.; O'Sullivan, N.; Sherman, M.; Thomas, S.

2016-01-01

The importance of asset allocation decisions in wealth management is well established. However, given its importance it is perhaps surprising that so little attention has been paid to the question of whether professional fund managers are skilful at timing market movement across asset classes over time. The timing literature has tended to concentrate on the timing skill of single asset class funds. Using data on US, UK and Canadian multi-asset class funds, we apply two alternative methodologi...

System Safety in an IT Service Organization

Science.gov (United States)

Parsons, Mike; Scutt, Simon

Within Logica UK, over 30 IT service projects are considered safetyrelated. These include operational IT services for airports, railway infrastructure asset management, nationwide radiation monitoring and hospital medical records services. A recent internal audit examined the processes and documents used to manage system safety on these services and made a series of recommendations for improvement. This paper looks at the changes and the challenges to introducing them, especially where the service is provided by multiple units supporting both safety and non-safety related services from multiple locations around the world. The recommendations include improvements to service agreements, improved process definitions, routine safety assessment of changes, enhanced call logging, improved staff competency and training, and increased safety awareness. Progress is reported as of today, together with a road map for implementation of the improvements to the service safety management system. A proposal for service assurance levels (SALs) is discussed as a way forward to cover the wide variety of services and associated safety risks.

Fleet wide motor asset management program

International Nuclear Information System (INIS)

Rosemeier, R.G.; Moxie, J.J.; Mendez, W.E.

2011-01-01

The Institute of Nuclear Power Operations (INPO) performed several studies concerning the effects of motor failures on US power production. Problems with aging and the lack of preventative maintenance were noted as major contributors to this production loss. Westinghouse has developed, and successfully utilized, a computer program to assist plants in the decision making process for maximizing the operational availability of their motor fleet. The program considers motors of a fleet as a single, critical to production asset, and aids the operator in decisions regarding the following: 1.) Purchase of spares. 2.) Rewind and refurbishment prioritization. 3.) Long-term budget forecasting. (author)