Quarterly Publication

Document Type : Original Article

Authors

1 PhD Student, Department of Industrial Management, Islamic Azad University, Firoozkooh Branch, Firoozkooh, Iran

2 Assistant Professor, Department of Industrial Management, Islamic Azad University, Firoozkooh Branch, Firoozkooh, Iran

10.22050/pbr.2018.93429

Abstract

Today for installations management in equipment-based industries, such as oil and gas industry, the physical asset management development based on the ISO-55000 requirements is generally the most common issue in the world and particularly in Iran. Since this standard only expresses the requirements, many physical asset management excellence models have been designed by researchers or research institutes around the world to develop and strengthen physical asset management. Therefore, due to the diversity of models, organizations face problems of choosing a suitable model. Based on this issue, the main purpose and innovation of this work is evaluating and prioritizing popular and sometimes reference physical asset management excellence models according to 6 critical criteria based on DEMATEL and ANP techniques. Cost, risk, performance, sustainability, simplicity, and knowledge were identified as the critical criteria. First, 4 criteria were taken from the ISO-55000, and 2 critical criteria were then identified through interviewing oil and gas experts. The approach of this research is quantitative, and the method of data collection is descriptive-survey. Uptime, Institute of Asset Management (IAM), life cycle engineering (LCE), and asset integrity management (AIM) models are the main popular and/or reference physical asset management excellence models in the world. The finding shows that the IAM, LCE, AIM, and uptime models are respectively prioritized based on these critical criteria.
Keywords: Physical Asset Management Excellence Model, ISO-55000 Standard Series, DMATEL, ANP

Keywords

Main Subjects

A.F. van den Honert, J.S. Schoeman, P.J. Vlok, (2015), Correlating the Content and Context of PAS55 with the ISO-5500, South African Journal of Industrial Engineering August 2013 Vol 24(2), pp 24-32.
Alexander Veronese Bents, Jorge Carneir, Jorge Ferreira da Silva, Herbert Kimura, (2011), Journal of Business Research, Multidimensional Assessment of Organizational Performance: Integrating BSC and AHP, Elsevier Institute Publisher.
Schuman, Charles, (2015), Asset Life Cycle Management: Towards Improving Physical Asset Performance in the Process Industry, DO - 10.1108/01443570510599728
AMCL Ltd., (2016), Utilizing the AMCL Asset Management Excellence Model (AMEM) to Achieve World Class Asset Management
Asset Management Center, (2011), Fundamental Resources for Asset Management Excellence, Emergency and Demand Maintenance.
Canada Correctional Service, (2018), Audit of Fleet Life Cycle Management Internal Audit 378-1-255
Elena Roko, Konstantinos and Dimitra Voulgaridou, (2016) , Analytic Network Process, School of Mechanical Engineering, National Technical University of Athens, Greece Hellenic Open University, Greece.
Ekhtiar Khodadadi, Mehdi Aghabeigi, (2018), A Novel Hybrid MCDM Approach Based on Fuzzy DEMATEL, ANP, and Fuzzy VIKOR for Selecting the Best Project Managers, International Journal of Information Technology Project Management (IJITPM), DOI: 10.4018/IJITPM.2018040103.
Ekhtiar Khodadadi, (2018), ANP, and Fuzzy VIKOR for Selecting the Best Project Managers, International Journal of Information Technology Project Management (IJITPM), DOI: 10.4018/IJITPM.2018040103.
Explosion on North Sea oil rig, (2018), retrieved from: https://www.history.com /this-day-in- history/ explosion -on-north-sea-oil-rig, Publisher A&E Television Networks.
Examining Several Examples of Physical Asset Management Excellence Models (2019), Retrieve from Internet Site: www.http://ainfom.ir.
Fikret K. Turan, Natalie M. Scala, Mary Besterfield-Sacre, (2009), An Analytic Network Process (ANP) Approach to the Project Portfolio Management for Organizational Sustainability, University of Pittsburgh USA, Department of Industrial Engineering.
J.K. Visser, T.A. Botha, (2015), Evaluation of the Importance of 39 Subjects Defined by the Global Forum for Maintenance and Asset Management, South African Journal of Industrial Engineering May 2015 Vol 26(1), pp 44-58.
John D. Campbell, Andrew K. S. Jordin Joel McGlynn, (2015), Asset Management Excellence Optimizing Equipment Life Cycle Decisions Third Edition.
ISO-55000, (2014), Asset Management-Review Principles and Terminology, Reference Number: ISO-55000(2014(E)), page no: 4.
ISO-55001, (2014), Asset Management-Management Systems Requirements, Reference Number: ISO-55001,2014(E).
ISO-55002, (2014), Asset Management-Management Systems-Guidelines for the Application of ISO 55001, Reference Number ISO-55002:2014(E)
Lifecycle Engineering Ltd., Developing Asset Management Plans Retrieve 20 Feb 2018, from internet: https://www.lce.com/Developing-Asset-Management-Plans-1666.html
Mehdi Keshavarz Ghorabaee, Maghsoud Amiri, Edmundas Kazimieras Zavadskas & Jurgita Antucheviciene (2017) Supplier Evaluation and Selection in Fuzzy Environments: A Review of MADM Approaches, Economic Research-Ekonomska Istraživanja, 30:1, 1073-1118, DOI: 10.1080/1331677X.2017.1314828.
Kuang-Husn Shih, Wan-Rung Lin, Yi-Hsien Wang, Tzu-En Hung, (2013), Applying DEMATEL-ANP for Assessing Organizational Information System Development Decision, Knowledge Management and Innovation, Zadora, Croatia, International Conference 19-21 June 2013.
Ozer Uygun, Hassan Kacamak, Unal Ataken, (2015), An Integrated DEMATEL and Fuzzy ANP Techniques for Evaluation and Selection of Outsourcing Provider for a Telecommunication Company, Computers and Industrial Engineering Journal, Volume 86 Issue C, August 2015, Pages:137-146, Pergamon Press, Inc. Tarrytown, NY, USA
Octavian. A, Sumantri S.H, Ahmadi (2017), The Combination of DEMATEL and ANP Methods for Performance Measurement System Design: A Case Study in KOLAT KOARMATIM, DOI:10.14257/ijca.2017.10.8.14, International Journal of Control and Automation
PAS55-1-2008, (2015), The Institute of Asset Management, Part1: Specification for the Optimized Management of Physical Asset, UK IAM Publisher,
PAS55-2-2008, (2015), the Institute of Asset Management, Asset Management, Guidelines for the Application of PAS55-1, ISBN 978 0 580 5097 6.
Robin Mann, Musli Mohammad, Ma Theresa A. Agustin,(2010), Understanding Business Excellence, An awareness Guidebook for SME, Asian Productivity Organization, http://www.apo-tokyo.org.
Risk Management and Assessment for Business, 23 May 2018, the House of Integrity: Modern Asset Integrity Management, Retrieved from internet; http://www.risktec.tuv.com/knowledge-bank/technical-articles/the-house-of-integrity-modern-asset-integrity-management.aspx
Sheng-Li Si, Xiao-Yue You, Hu-Chen Liu, and Ping Zhang, (2018), DEMATEL Technique: A Systematic Review of the State-of-the-Art Literature on Methodologies and Applications, School of Economics and Management, Tongji University, Shanghai 200092, China, huchenliu@shu.edu.cn.
Sheng-Li Si, Xiao-Yue You, Hu-Chen Liu, and Ping Zhang, (2018), DEMATEL Technique: A Systematic Review of the State-of-the-Art Literature on Methodologies and Applications, School of Economics and Management, Tongji University, Shanghai 200092, China, huchenliu@shu.edu.cn.
Sed, Mahdieh, (2015), Designing Asset Management Excellence Model and Road Map Based on ISO55000 standard: case study at rail industry
Take a look at the ISO-5500 collection, (2018), Retrieved from the Internet Site: http://www.pamco.ir
The Institute of Asset Management, (2015), Principals and Concept, Asset Management-An Anatomy Copyright December 2015 Version 3, Page No: 11.
The Reliability Excellence Model, Retrieved 10 Feb 2018 from the Internet, www. LCE.COM/Reliability-Excellence-Model-15.html
TUV Rhineland Group, Risktec Solutions, (2018), Retrieved from the Internet: The House of Integrity: Modern Asset Integrity Management, http://www.risktec.tuv.com/knowledge-bank/technical-articles/the-house-of-integrity-modern-asset-integrity-management.aspx
Ying-Chyi Chou, Chia-Han Yang, Ching-Hua Lu, Van Thac Dang, Pei-A Yang, (2017), Building Criteria for Evaluating Green Project Management: An Integrated Approach of DEMATEL and ANP, Sustainability (ISSN 2071-1050; CODEN: SUSTDE).
Yu-PingOu Yang, How-MingShieh, Gwo-HshiungTzeng, (2013), A VIKOR Technique Based on DEMATEL and ANP for Information Security Risk Control Assessment, Information Sciences Journal, Volume 232, 20 May 2013, Pages 482-500.
Yu-Ping Ou Yanga, How-Ming Shieha, Gwo-Hshiung Tzeng , (2011), ANP for Information Security Risk Control Assessment, Information Sciences, Published by Elsevier Inc., https://doi.org/10.1016/j.ins.2011.09.012.
Wilandri Basson, Prof. P.J. Vlok, Dr. J.L. Jooste, (2016), Risk Management Solutions Flow to Implement Quantitative Methods as Part of ISO 55000 for Physical Asset Management, Department of Industrial Engineering, University of Stellenbosch, Private Bag X1, Matieland 7602, South Africa.