Asset Condition, Information Systems and Decision Models
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 co
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Joe E. Amadi-Echendu · Kerry Brown Roger Willett · Joseph Mathew Editors
Asset Condition, Information Systems and Decision Models
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Editors Joe E. Amadi-Echendu, Prof. University of Pretoria Graduate School of Technology Management Pretoria 0002 South Africa Roger Willett, Prof. University of Otago Department of Accountancy and Business Law Dunedin 9015 New Zealand
Kerry Brown, Prof. Southern Cross University Tweed Heads NSW 2485 Australia
Joseph Mathew, Prof. Queensland University of Technology Centre for Integrated Engineering Asset Management (CIEAM) Brisbane QLD 2001 Australia
ISBN 978-1-4471-2923-3 e-ISBN 978-1-4471-2924-0 DOI 10.1007/978-1-4471-2924-0 Springer London Dordrecht Heidelberg New York British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Control Number: 2012942608 © Springer-Verlag London Limited 2012 Apart from any fair dealing for the purposes of research or private study, or criticism or review, as permitted under the Copyright, Designs and Patents Act 1988, this publication may only be reproduced, stored or transmitted, in any form or by any means, with the prior permission in writing of the publishers, or in the case of reprographic reproduction in accordance with the terms of licences issued by the Copyright Licensing Agency. Enquiries concerning reproduction outside those terms should be sent to the publishers. The use of registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant laws and regulations and therefore free for general use. The publisher makes no representation, express or implied, with regard to the accuracy of the information contained in this book and cannot accept any legal responsibility or liability for any errors or omissions that may be made. Cover design: eStudioCalamar, Figueres/Berlin Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
I commend this second issue of the Engineering Asset Management Review (EAMR volume 2) to you as we consolidate the establishment of a coherent and integrated body of knowledge to guide all elements of managing physical engineering assets. Each volume in the EAMR Series is a thematic collation of secondlevel, peer-reviewed collection of selected articles from our past World Congresses on Engineering Asset Management (WCEAM) (www.wceam.com) that began in Australia in 2006 and have since been held in the UK (2007), China (2008), Greece (2009), and Australia (2010) and in the USA in 2011. Engineering asset management (EAM) is gaining acceptance as a term that encompasses all types of engineered assets, including built environment, infrastructure, and plant and equipment. By this definition, human, financial, and information and communication assets are emphasized only in terms of their relationship with the specific tasks of optimizing the service delivery potential of an engineered physic
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