Modelling Total Cost of Ownership of Rail Infrastructure for Outsourcing Maintenance Services
In the recent years, outsourcing maintenance services has become a part of strategies for cost and risk management. Outsourcing reduces upfront investments in infrastructure, expertise and specialised maintenance facilities. However, decisions on this nee
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Joe E. Amadi-Echendu · Kerry Brown Roger Willett · Joseph Mathew Editors
Definitions, Concepts and Scope of Engineering Asset Management
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Editors Professor Joe E. Amadi-Echendu University of Pretoria Graduate School of Technology Management Pretoria 0002 South Africa Professor Roger Willett University of Otago Department of Accountancy and Business Law Dunedin 9015 New Zealand
Professor Kerry Brown Southern Cross University Tweed Heads NSW 2485 Australia
Professor Joseph Mathew Queensland University of Technology CRC for Integrated Engineering Asset Management (CIEAM) Brisbane QLD 4001 Australia
ISSN 2190-7846 e-ISSN 2190-7854 ISBN 978-1-84996-177-6 e-ISBN 978-1-84996-178-3 DOI 10.1007/978-1-84996-178-3 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: 2010936682 © Springer-Verlag London Limited 2010 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, Girona/Berlin Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
Engineering Asset Management is emerging as a major concept under which well established principles and innovative practices are being assembled, coalesced and developed towards advancing the management of engineered physical assets. This inaugural issue of Engineering Asset Management Review Series is timely and pertinent. It is timely because of the ongoing efforts to develop and adopt standards that will not only direct the prevailing ambiguities in the academic subject matter, but also minimize the perplexities experienced by organizations attempting to implement their own asset management policies, strategies, tactics and practices. It is pertinent as economies seek to recover from the latest world-wide recession caused by the recent debilitating global financial crisis. The importance of cost containment, value creation based on ‘real’ assets, and sustainability of global financial systems demands innovative ways of managing both engin
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