Performance Evaluation and Risk Management for Industrial Systems

Performance Evaluation and Risk Management for Industrial Systems PDF Author: Edouard Leclercq
Publisher:
ISBN:
Category :
Languages : en
Pages : 135

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Book Description

Performance Evaluation and Risk Management for Industrial Systems

Performance Evaluation and Risk Management for Industrial Systems PDF Author: Edouard Leclercq
Publisher:
ISBN:
Category :
Languages : en
Pages : 135

Get Book Here

Book Description


Value-Risk Based Performance Evaluation of Industrial Systems

Value-Risk Based Performance Evaluation of Industrial Systems PDF Author: Liaqat Ali Shah
Publisher:
ISBN:
Category :
Languages : en
Pages : 252

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Book Description
Performance measurement and management (PMM) poses daunting challenges to organizations in terms of meeting multiple stakeholder objectives. Evaluation of these objectives, and hence performance is essential for many reasons such as monitoring and control, diagnosis, improvement, learning and decision-making of processes or enterprise systems. Performance measures as descriptors of performance are the key tools in this evaluation process. However, the multidimensionality of performance, the inter-dependencies among performance measures and the pursuit to manage many dimensions of performance complicate the PMM process. Furthermore, the uncertainty in terms of objectives satisfaction surrounding the business processes or enterprise systems adds further complexity. To deal with these issues, a process-centered value-risk based performance management system (VR-PMS) is proposed in the current research work. The purpose is to transform the expectations and fears of stakeholders into value and risk indicators respectively for informed decision making. For this purpose, a conceptual value-risk model is developed aimed at integrating consistently the concepts relevant to objectives, activities and risks in one framework and conceptualizing the idea of value and risk based performance management. In addition, a methodological framework is developed that divides the PMM process into three phases: performance modeling, assessment and decision-making. Each phase of the framework is instrumented with quantitative analysis methods and tools. The deliverable of the VR-PMS is a set of ranked solutions (i.e. alternative business processes) evaluated against the developed value and risk indicators.

Industrial Safety and Risk Management

Industrial Safety and Risk Management PDF Author: Laird Wilson
Publisher: University of Alberta
ISBN: 9780888643940
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
The industrial workplace should be an environmentally sound and reliable operation with established safety and health policies and practices. Most companies work hard to achieve this goal by having Industrial Safety and Risk Management programs in place. The key benefits of a first-class ISRM program are the reduction of risk to people, environment, assets and production for company personnel, contractors, the public and investors. Professors Wilson and McCutcheon offer an integrated approach to industrial safety and risk management and explain the elements of practice required to manage health, safety and environmental risk effectively. Contributors from industry and government add their expertise to provide a comprehensive examination of issues concerning industrial health, safety and risk management programs; risk assessment and management; causation models and systematic incident investigation; and human factors. Case studies of industrial disasters offer lessons in how to proactively reduce risks in operations or projects. Industrial Safety and Risk Management provides a solid base for students and industry to implement, manage and improve their understanding and knowledge of safety and risk management programs. It provides an excellent training program for new professionals, junior managers and supervisors working in industry.

Safety Dynamics

Safety Dynamics PDF Author: Franck Guarnieri
Publisher: Springer
ISBN: 3319962590
Category : Technology & Engineering
Languages : en
Pages : 240

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Book Description
This book describes a systematic approach to risk assessment for complex socio-technical systems like industrial processes, especially innovative ones. It provides an overview of applications of system dynamics theory and methodologies on industrial systems in order to demonstrate the relevance of such an approach in helping to assess risks in such complex systems. An important feature of this approach is that it takes into account the dynamic of the interactions of the components (technical, human and organizational ones) in order to study and simulate the behavior of the system. This methodology helps to define the failures and/or accident scenarios and to implement and test the prevention and protection barriers. This book is of particular interest to students and teachers at university level (Master and Doctorate) and to engineers interested in risk analysis and management.

Risk Management Practices of SMEs

Risk Management Practices of SMEs PDF Author: Thomas Henschel
Publisher: Erich Schmidt Verlag GmbH & Co KG
ISBN: 9783503110438
Category : Risk management
Languages : en
Pages : 460

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Book Description


Design, Simulation and Evaluation of Effective Industrial Information Systems

Design, Simulation and Evaluation of Effective Industrial Information Systems PDF Author: Rezsa Farahani
Publisher:
ISBN:
Category : Computer integrated manufacturing systems
Languages : en
Pages : 226

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Book Description
Industrial information systems can improve the management of industrial operations by providing relevant and timely information on the status of physical assets via condition and process monitoring systems, and by enabling the effective use of data by systems and processes that restore proper functionality via control and maintenance systems. A framework and methods have been developed that extend current information system design methods for design and evaluation of effective industrial information systems, as a method for more concretely demonstrating the value of system features prior to system design, and for assessing system performance after implementation for continuous system improvement. An effective system from the framework's perspective is first, performance-based, i.e. benefits due to the system are balanced with associated costs. Second, it is fit for the system owner's purpose, i.e. it has been designed with respect to organizational business strategy, objectives, and constraints. And third, it is holistic, i.e. it addresses various performance criteria that are important to the system stakeholders, e.g. operational excellence, financial, safety and environmental. This thesis describes the development and application of the framework and methods, and verifies their effectiveness using data from an industrial operation. The application case is on the development of a machine condition monitoring and maintenance management information system for mobile machine management of mining and production operations. Evaluation methods have been developed to assess several candidate systems and to select the most effective alternative as part of the framework. The first method is a risk assessment method for analytical performance evaluation of the system using a time-based, event-risk tree model. The second method involves simulating the system for evaluating system performance based on a developed probability model linked, stochastic, discrete event simulation method, which includes machine events, operations workflow, information flow, and decision making related to the case operations. After system alternatives are evaluated, the process for selecting the most effective system is then demonstrated using the analytical hierarchy process (AHP) method coupled with the framework as a multi-criteria decision analysis method. Verification of the case description, models, and the assumed parameter values has been achieved by subject matter expert review.

Integrating Performance Management and Enterprise Risk Management Systems

Integrating Performance Management and Enterprise Risk Management Systems PDF Author: Rosanna Spanó
Publisher: Emerald Group Publishing
ISBN: 1801171513
Category : Business & Economics
Languages : en
Pages : 108

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Book Description
Integrating Performance Management and Enterprise Risk Management Systems offers a novel understanding of the multifaceted shades that surround the long called-for and yet not realised integration between performance management and enterprise risk management systems.

Maintenance for Industrial Systems

Maintenance for Industrial Systems PDF Author: Riccardo Manzini
Publisher: Springer Science & Business Media
ISBN: 1848825757
Category : Technology & Engineering
Languages : en
Pages : 479

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Book Description
New, global and extended markets are forcing companies to process and manage increasingly differentiated products with shorter life cycles, low volumes and reduced customer delivery times. In today’s global marketplace production systems need to be able to deliver products on time, maintain market credibility and introduce new products and services faster than competitors. As a result, a new production paradigm of a production system has been developed and a supporting management decision-making approach simultaneously incorporating design, management, and control of the production system is necessary so that this challenge can be effectively and efficiency met. "Maintenance Engineering and its Applications in Production Systems" meets this need by introducing an original and integrated idea of maintenance: maintenance for productivity. The volume starts with the introduction and discussion of a new conceptual framework based on productivity, quality, and safety supported by maintenance. Subsequent chapters illustrate the most relevant models and methods to plan, organise, implement and control the whole maintenance process (reliability evaluation models and prediction, maintenance strategies and policies, spare parts management, computer maintenance management software – CMMS, and total productive maintenance – TPM, etc.). Several examples of problems supported by solutions, and real applications to help and test the reader’s comprehension are included. "Maintenance Engineering and its Applications in Production Systems" will certainly be valuable to engineering students, doctoral and post-doctoral students and also to maintenance practitioners, as well as managers of industrial and service companies.

System Safety Engineering and Risk Assessment

System Safety Engineering and Risk Assessment PDF Author: Nicholas J. Bahr
Publisher: CRC Press
ISBN: 1466551615
Category : Technology & Engineering
Languages : en
Pages : 444

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Book Description
We all know that safety should be an integral part of the systems that we build and operate. The public demands that they are protected from accidents, yet industry and government do not always know how to reach this common goal. This book gives engineers and managers working in companies and governments around the world a pragmatic and reasonable approach to system safety and risk assessment techniques. It explains in easy-to-understand language how to design workable safety management systems and implement tested solutions immediately. The book is intended for working engineers who know that they need to build safe systems, but aren’t sure where to start. To make it easy to get started quickly, it includes numerous real-life engineering examples. The book’s many practical tips and best practices explain not only how to prevent accidents, but also how to build safety into systems at a sensible price. The book also includes numerous case studies from real disasters that describe what went wrong and the lessons learned. See What’s New in the Second Edition: New chapter on developing government safety oversight programs and regulations, including designing and setting up a new safety regulatory body, developing safety regulatory oversight functions and governance, developing safety regulations, and how to avoid common mistakes in government oversight Significantly expanded chapter on safety management systems, with many practical applications from around the world and information about designing and building robust safety management systems, auditing them, gaining internal support, and creating a safety culture New and expanded case studies and "Notes from Nick’s Files" (examples of practical applications from the author’s extensive experience) Increased international focus on world-leading practices from multiple industries with practical examples, common mistakes to avoid, and new thinking about how to build sustainable safety management systems New material on safety culture, developing leading safety performance indicators, safety maturity model, auditing safety management systems, and setting up a safety knowledge management system

Fire Risk Management

Fire Risk Management PDF Author: Luca Fiorentini
Publisher: John Wiley & Sons
ISBN: 1119827450
Category : Technology & Engineering
Languages : en
Pages : 484

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Book Description
FIRE RISK MANAGEMENT Practical methodologies to develop holistic and comprehensive fire safety strategies for buildings and industrial assets In Fire Risk Management: Principles and Strategies for Buildings and Industrial Assets, a team of distinguished authors delivers an incisive combination of risk management principles and fire safety assessment methods that offers practical strategies and workflows to prevent and mitigate today’s complex fire scenarios. The book summarizes modern, risk-based approaches to fire safety, discussing fire safety objectives in terms of functional statements, performance requirements, and detailed protection measures for buildings and industrial assets towards the development of a fire safety case to timely manage risk with a systematic and structured approach throughout the life cycle of the asset. The authors introduce the fundamentals of fire safety and design principles before moving on to discuss topics like fire risk assessment methods, risk profiles, risk mitigation, safety management and performance, and protective layers and controls. Fire Risk Management presents practical methods, often borrowed from those successfully used in other domains, that can be defined, shared, and communicated with multiple stakeholders from different backgrounds and with different needs and perspectives. Readers will also find: A code-neutral examination of fire safety principles that is independent of local regulations Discussions of key principle standards, including NFPA 550 and ISO 45001, and guidelines on fire risk assessment Practical explorations that connect theory with practice in the real world In-depth case studies that walk readers through fire risk management strategies for railway stations, warehouse storage facilities, heritage buildings, renewable energy installations, and process industry plants Perfect for fire safety practitioners, engineers, and other stakeholders involved in the design and operation of buildings and industrial assets, Fire Risk Management: Principles and Strategies for Buildings and Industrial Assets will also earn a place in the libraries of facility owners and operators, safety systems managers, occupational health and safety professionals, and code officials.