Optimum Decision Making in Asset Management

Optimum Decision Making in Asset Management
Author: Carnero, María Carmen
Publisher: IGI Global
Total Pages: 553
Release: 2016-08-24
Genre: Business & Economics
ISBN: 1522506527

Asset management is becoming increasingly important to an organization’s strategy, given its effects on cost, production, and quality. No matter the sector, important decisions are made based on techniques and theories that are thought to optimize results; asset management models and techniques could help maximize effectiveness while reducing risk. Optimum Decision Making in Asset Management posits that effective decision making can be augmented by asset management based on mathematical techniques and models. Resolving the problems associated with minimizing uncertainty, this publication outlines a myriad of methodologies, procedures, case studies, and management tools that can help any organization achieve world-class maintenance. This book is ideal for managers, manufacturing engineers, programmers, academics, and advanced management students.

Investments in Federal Facilities

Investments in Federal Facilities
Author: National Research Council
Publisher: National Academies Press
Total Pages: 160
Release: 2004-06-24
Genre: Technology & Engineering
ISBN: 0309089190

Facilities now owned by the Federal Government are valued at over $300 billion. It also spends over $25 billion per year for acquisition, renovation, and upkeep. Despite the size of these sums, there is a growing litany of problems with federal facilities that continues to put a drain on the federal budget and compromise the effectiveness of federal services. To examine ways to address these problems, the sponsoring agencies of the Federal Facilities Council (FFC) asked the National Research Council (NRC) to develop guidelines for making improved decisions about investment in and renewal, maintenance, and replacement of federal facilities. This report provides the result of that assessment. It presents a review of both public and private practices used to support such decision making and identifies appropriate objectives, practices, and performance measures. The report presents a series of recommendations designed to assist federal agencies and departments improve management of and investment decision making for their facilities.

Handbook of the Fundamentals of Financial Decision Making

Handbook of the Fundamentals of Financial Decision Making
Author: Leonard C. MacLean
Publisher: World Scientific
Total Pages: 941
Release: 2013
Genre: Business & Economics
ISBN: 9814417351

This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2 nd edition published in 2006).

Decide & Deliver

Decide & Deliver
Author: Marcia W. Blenko
Publisher: Harvard Business Press
Total Pages: 182
Release: 2010
Genre: Business & Economics
ISBN: 1422147576

-Identify your critical decisions. Focus on those that matter most to your company's performance. --

Advanced Models and Tools for Effective Decision Making Under Uncertainty and Risk Contexts

Advanced Models and Tools for Effective Decision Making Under Uncertainty and Risk Contexts
Author: González-Prida, Vicente
Publisher: IGI Global
Total Pages: 423
Release: 2020-09-04
Genre: Business & Economics
ISBN: 1799832481

Business industries depend on advanced models and tools that provide an optimal and objective decision-making process, ultimately guaranteeing improved competitiveness, reducing risk, and eliminating uncertainty. Thanks in part to the digital era of the modern world, reducing these conditions has become much more manageable. Advanced Models and Tools for Effective Decision Making Under Uncertainty and Risk Contexts provides research exploring the theoretical and practical aspects of effective decision making based not only on mathematical techniques, but also on those technological tools that are available nowadays in the Fourth Industrial Revolution. Featuring coverage on a broad range of topics such as industrial informatics, knowledge management, and production planning, this book is ideally designed for decision makers, researchers, engineers, academicians, and students.

Optimal Financial Decision Making under Uncertainty

Optimal Financial Decision Making under Uncertainty
Author: Giorgio Consigli
Publisher: Springer
Total Pages: 310
Release: 2016-10-17
Genre: Business & Economics
ISBN: 3319416138

The scope of this volume is primarily to analyze from different methodological perspectives similar valuation and optimization problems arising in financial applications, aimed at facilitating a theoretical and computational integration between methods largely regarded as alternatives. Increasingly in recent years, financial management problems such as strategic asset allocation, asset-liability management, as well as asset pricing problems, have been presented in the literature adopting formulation and solution approaches rooted in stochastic programming, robust optimization, stochastic dynamic programming (including approximate SDP) methods, as well as policy rule optimization, heuristic approaches and others. The aim of the volume is to facilitate the comprehension of the modeling and methodological potentials of those methods, thus their common assumptions and peculiarities, relying on similar financial problems. The volume will address different valuation problems common in finance related to: asset pricing, optimal portfolio management, risk measurement, risk control and asset-liability management. The volume features chapters of theoretical and practical relevance clarifying recent advances in the associated applied field from different standpoints, relying on similar valuation problems and, as mentioned, facilitating a mutual and beneficial methodological and theoretical knowledge transfer. The distinctive aspects of the volume can be summarized as follows: Strong benchmarking philosophy, with contributors explicitly asked to underline current limits and desirable developments in their areas. Theoretical contributions, aimed at advancing the state-of-the-art in the given domain with a clear potential for applications The inclusion of an algorithmic-computational discussion of issues arising on similar valuation problems across different methods. Variety of applications: rarely is it possible within a single volume to consider and analyze different, and possibly competing, alternative optimization techniques applied to well-identified financial valuation problems. Clear definition of the current state-of-the-art in each methodological and applied area to facilitate future research directions.

Life Cycle Cost Model to Support Asset Management Decision Making

Life Cycle Cost Model to Support Asset Management Decision Making
Author: Ir. Winda Nur Cahyo, Ph.D, IPM
Publisher: Universitas Islam Indonesia
Total Pages:
Release: 2019-08-01
Genre: Technology & Engineering
ISBN: 6024504004

There are confusions related to the area of asset management. At this moment, searching over the internet with the keyword “asset management”, most of the links show the issue about financial asset management such as asset investments, securities, stocks, and obligations. In a simple term, the word “asset management” refers to managing financial asset. However, the term asset does not only include financial asset. In ISO 55000 (2014), the term asset is defined as an item, thing or entity that has potential or actual value to an organization. The value of asset can be categories as financial or non-financial value, tangible or intangible value, and may vary between different organizations and their stakeholders. With this definition, the term asset is very broad and may consist any type of asset such as human resources, stock, building, inventory, trust, capital, goodwill, and land. In this book, the term asset mainly refers to engineering (physical) asset, physical asset as the result of an engineering process (e.g. buildings, machineries, bridges, roads, vehicles, oil rigs, plants, metro tunnels, piping system, rail lines).

Engineering Asset Management

Engineering Asset Management
Author: Dimitris Kiritsis
Publisher: Springer Science & Business Media
Total Pages: 997
Release: 2011-02-03
Genre: Technology & Engineering
ISBN: 0857293206

Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management.

Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)

Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)
Author: Kari T. Koskinen
Publisher: Springer
Total Pages: 672
Release: 2016-03-25
Genre: Technology & Engineering
ISBN: 3319270648

This book comprises refereed papers from the 10th World Congress on Engineering Asset Management (WCEAM 2015), held in Tampere, Finland in September 2015. These proceedings include a compilation of state-of-the-art papers covering a comprehensive range of subjects equally relevant to business managers and engineering professionals alike. With a focus on various aspects of engineering asset management ranging from strategic level issues to detail-level machine health issues, these papers address both industry and public sector concerns and issues, as well as advanced academic research. Proceedings of the WCEAM 2015 is an excellent reference and resource for asset management practitioners, researchers and academics, as well as undergraduate and postgraduate students at tertiary institutions or in the industry.