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Sustain-Owner

Sustainable Design and Management of Industrial Assets through Total Value and Cost of Ownership

Total Cost €

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EC-Contrib. €

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Partnership

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Project "Sustain-Owner" data sheet

The following table provides information about the project.

Coordinator
POLITECNICO DI MILANO 

Organization address
address: PIAZZA LEONARDO DA VINCI 32
city: MILANO
postcode: 20133
website: www.polimi.it

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Italy [IT]
 Project website https://www.facebook.com/sustainowner
 Total cost 450˙000 €
 EC max contribution 450˙000 € (100%)
 Programme 1. H2020-EU.1.3.3. (Stimulating innovation by means of cross-fertilisation of knowledge)
 Code Call H2020-MSCA-RISE-2014
 Funding Scheme MSCA-RISE
 Starting year 2015
 Duration (year-month-day) from 2015-01-01   to  2018-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    POLITECNICO DI MILANO IT (MILANO) coordinator 225˙000.00
2    UNIVERSIDAD DE SEVILLA ES (SEVILLA) participant 130˙500.00
3    THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE UK (CAMBRIDGE) participant 94˙500.00
4    FOUNDATION FOR INNOVATION AND TECHNOLOGY TRANSFER IN (NEW DELHI) partner 0.00
5    INDIAN INSTITUTE OF TECHNOLOGY BOMBAY IN (MUMBAI) partner 0.00
6    PONTIFICIA UNIVERSIDAD CATOLICA DE VALPARAISO CL (VALPARAISO) partner 0.00
7    PONTIFICIA UNIVERSIDAD CATOLICA DEL PERU PE (LIMA) partner 0.00
8    RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY US (NEW BRUNSWICK) partner 0.00
9    University of Cincinnati US (Cincinnati) partner 0.00
10    UNIVERSITY OF PRETORIA ZA (PRETORIA) partner 0.00

Map

 Project objective

SoThe project will examine the potential of Total Value and Cost of Ownership (TVO, TCO) for supporting the design and through-life management of industrial assets. Until now, some leading companies that are aware of all the costs throughout the asset life cycle use TCO to support procurement, operations and maintenance decisions. The benefit of using TCO is that a decision maker could be incentivised to go beyond the consideration of capital expenditure, and think of the potential whole-life cost arising through the use of their assets. In this regard, TCO helps achieving a cost-efficient life cycle management of the assets owned by the company. But TCO models are still poorly practiced in industry, in spite of their advantages. Further on, the flavour of the day in the industrial and academic world is to encourage innovative thinking to extract the maximum value from the assets, instead of thinking only about cost. Value can be tangible or intangible, and is determined by the organization and its stakeholders, thus TVO extends cost-based decisions. Although the importance of value maximisation in physical asset management is currently accepted, there are few works clarifying what value means, how to identify and quantify value, how to base decisions on it. The purpose of the project is to study the evolution of TVO and TCO as used in industry and understood by academics, with the aim to develop a framework for understanding, quantifying, and using TVO / TCO for decision-making. Overall, we aim at studying how asset life cycle management is possible thanks to TVO / TCO, providing the asset owner the capability to develop a sustainable factory according to the economic, social and environmental requirements of the local industry.Cross-fertilization of research and industry will be achieved through knowledge sharing between academics and industrial experts involved through interviews and workshops. Publications will provide outputs to promote knowledge sharing.

 Deliverables

List of deliverables.
Reports of workshops organized at different premises Documents, reports 2019-06-20 09:58:13
Reporting of business cases (fully open access) Documents, reports 2019-06-20 09:58:13
Workshops organized at different premises Other 2019-06-20 09:58:13
Framework refinement and final release Documents, reports 2019-06-20 09:58:13

Take a look to the deliverables list in detail:  detailed list of Sustain-Owner deliverables.

 Publications

year authors and title journal last update
List of publications.
2018 Hao Li, Adrià Salvador Palau, Ajith Kumar Parlikad
A social network of collaborating industrial assets
published pages: 389-400, ISSN: 1748-006X, DOI: 10.1177/1748006x18754975
Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability 232/4 2019-06-20
2017 Rengarajan Srinivasan, Ajith Kumar Parlikad
An approach to value-based infrastructure asset management
published pages: 87-95, ISSN: 2053-0242, DOI: 10.1680/jinam.17.00003
Infrastructure Asset Management 4/3 2019-06-20
2018 Oluseun Omotola Aremu, Adrià Salvador Palau, Ajith Kumar Parlikad, David Hyland-Wood, Peter Ross McAree
Structuring Data for Intelligent Predictive Maintenance in Asset Management
published pages: 514-519, ISSN: 2405-8963, DOI: 10.1016/j.ifacol.2018.08.370
IFAC-PapersOnLine 51/11 2019-06-20
2018 Asier Erguido, Adolfo Crespo, Eduardo Castellano, Jose Luis Flores
After-sales services optimisation through dynamic opportunistic maintenance: a wind energy case study
published pages: 352-367, ISSN: 1748-006X, DOI: 10.1177/1748006x17753500
Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability 232/4 2019-06-20
2018 Kshitij Bakliwal, Maharshi Harshadbhai Dhada, Adrià Salvador Palau, Ajith Kumar Parlikad, Bhupesh Kumar Lad
A Multi Agent System architecture to implement Collaborative Learning for social industrial assets
published pages: 1237-1242, ISSN: 2405-8963, DOI: 10.1016/j.ifacol.2018.08.421
IFAC-PapersOnLine 51/11 2019-06-20
2017 A. Erguido, A. Crespo Márquez, E. Castellano, J.F. Gómez Fernández
A dynamic opportunistic maintenance model to maximize energy-based availability while reducing the life cycle cost of wind farms
published pages: 843-856, ISSN: 0960-1481, DOI: 10.1016/j.renene.2017.07.017
Renewable Energy 114 2019-06-20
2019 Juan F. Gómez Fernández, Pablo Martínez-Galán Fernández, Antonio J. Guillén López, Adolfo Crespo Márquez
Risk-Based Criticality for Network Utilities Asset Management
published pages: , ISSN: 1932-4537, DOI:
IEEE Transactions on Network and Service Management 2019-06-20
2018 Khashayar Mahani, Zhenglin Liang, Ajith K. Parlikad, Mohsen Jafari
Joint optimization of operation and maintenance policies for solar-powered Microgrids
published pages: 1-1, ISSN: 1949-3029, DOI: 10.1109/tste.2018.2849318
IEEE Transactions on Sustainable Energy 2019-06-20
2018 Tapia-Ubeda Francisco J., Miranda Pablo A., Roda Irene, Macchi Marco, Durán Orlando
An Inventory-Location Modeling Structure for Spare Parts Supply Chain Network Design Problems in Industrial End-User Sites
published pages: 968-973, ISSN: 2405-8963, DOI: 10.1016/j.ifacol.2018.08.482
IFAC-PapersOnLine 51/11 2019-06-20
2018 Francisco J. Tapia-Ubeda, Pablo A. Miranda, Marco Macchi
A Generalized Benders Decomposition based algorithm for an inventory location problem with stochastic inventory capacity constraints
published pages: 806-817, ISSN: 0377-2217, DOI: 10.1016/j.ejor.2017.12.017
European Journal of Operational Research 267/3 2019-06-20
2017 Fumagalli, Luca; Macchi, Marco
Framework for PHM in the smart manufacturing context: integration of different approaches
published pages: , ISSN: , DOI:
MFPT 2017 Annual Conference: 50 Years of Failure Prevention Technology Innovation 1 2019-06-20
2019 Adrià Salvador Palau, Zhenglin Liang, Daniel Lütgehetmann, Ajith Kumar Parlikad
Collaborative prognostics in Social Asset Networks
published pages: 987-995, ISSN: 0167-739X, DOI: 10.1016/j.future.2018.02.011
Future Generation Computer Systems 92 2019-06-20
2019 Sanyapong Petchrompo, Ajith Kumar Parlikad
A review of asset management literature on multi-asset systems
published pages: 181-201, ISSN: 0951-8320, DOI: 10.1016/j.ress.2018.09.009
Reliability Engineering & System Safety 181 2019-06-20
2018 Irene Roda, Marco Macchi
A framework to embed Asset Management in production companies
published pages: 368-378, ISSN: 1748-006X, DOI: 10.1177/1748006X17753501
Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability 232/4 2019-06-20
2016 Orlando Durán, Marco Macchi, Irene Roda
On the relationship of spare parts inventory policies with Total Cost of Ownership of industrial assets
published pages: 19-24, ISSN: 2405-8963, DOI: 10.1016/j.ifacol.2016.11.004
IFAC-PapersOnLine Volume 49, Issue 28 2019-06-20
2016 I. Roda, M. Macchi
Studying the funding principles for integrating Asset Management in Operations: an empirical research in production companies
published pages: 1-6, ISSN: 2405-8963, DOI: 10.1016/j.ifacol.2016.11.001
IFAC-PapersOnLine Volume 49, Issue 28 2019-06-20
2016 A.K. Parlikad, M. Jafari
Challenges in infrastructure asset management
published pages: 185-190, ISSN: , DOI: 10.1016/j.ifacol.2016.11.032
IFAC-PapersOnLine Volume 49, Issue 28 2019-06-20
2016 Antonio J. Guillén, Adolfo Crespo , Juan Fco. Gómez , Maria Dolores Sanz
A framework for effective management of condition based maintenance programs in the context of industrial development of E-Maintenance strategies
published pages: 170–185, ISSN: 0166-3615, DOI: 10.1016/j.compind.2016.07.003
Computers in Industry Volume 82, October 2016 2019-06-20
2016 J. Adams, R. Srinivasan, A.K. Parlikad, V. González-Prida, A.M. Crespo
Towards Dynamic Criticality-Based Maintenance Strategy for Industrial Assets
published pages: 103-107, ISSN: 2405-8963, DOI: 10.1016/j.ifacol.2016.11.018
IFAC-PapersOnLine Volume 49, Issue 28 2019-06-20
2016 Guillén AJ, Crespo A, Macchi M, Gómez J.
On the role of Prognostics and Health Management in advanced maintenance systems
published pages: 991-1004, ISSN: 0953-7287, DOI: 10.1080/09537287.2016.1171920
Journal Production Planning & Control 27(12) 2019-06-20
2016 Orlando Duran, Irene Roda, Marco Macchi
Linking the spare parts management with the total costs of ownership: An agenda for future research
published pages: 991 - 1002, ISSN: 2013-0953, DOI: 10.3926/jiem.2083
Journal of Industrial Engineering and Management Vol 9, No 5 (2016) 2019-06-20

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The information about "SUSTAIN-OWNER" are provided by the European Opendata Portal: CORDIS opendata.

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