Download or read book Value Risk Based Performance Evaluation of Industrial Systems written by Liaqat Ali Shah and published by . This book was released on 2012 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Performance Evaluation and Risk Management for Industrial Systems written by Edouard Leclercq and published by . This book was released on 2010 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Performance evaluation and decision support in industrial system management written by Fan Li and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: La mesure et la gestion de la performance représente de sérieux défis aux praticiens et chercheurs en génie industriel et sciences de gestion pour une prise de décision efficace sur base d'informations intégrées, dynamiques et pertinentes concernant la satisfaction simultanée d'objectifs émanant de diverses parties-prenantes. Bien que nombreuses méthodologies et outils aient déjà été proposés, des progrès en la matière sont encore possibles pour aider les gestionnaires et les ingénieurs à prendre de meilleures décisions et ce, de manière plus systématique.En considérant que la performance d'un système, projet ou processus industriel peut-être globalement évaluée en suivant quatre dimensions (bénéfice, coût, valeur et risque), cette thèse propose un cadre original et complet ainsi qu'une méthodologie opérationnelle afin d'appliquer des méthodes et outils d'intervention appropriés dans l'évaluation de la performance et l'aide à la décision au sein de projets industriels.A l'aide de plusieurs exemples inspirés de cas industriels, ces travaux soulignent que la méthodologie proposée peut être le support de : l'évaluation de plusieurs scénarios de décision pour sélectionner la solution la plus appropriée, l'évaluation de la performance à toutes phases d'un projet industriel et le pilotage d'un projet en cours avec plusieurs points d'évaluation durant le cycle de vie.

Download or read book Decision and Decision maker in an Industrial Environment written by Lamia Berrah and published by John Wiley & Sons. This book was released on 2023-08-29 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision and Decision-maker in an Industrial Environment developed around the observation that two different decision-makers, faced with the same problem, may not make the same decision. The book proposes explanations for this, ranging from the wholly rational to the irrational, and analyzes different factors in decision-making, such as the intention of the decision-maker, the environment in which their decision is made or the process leading to decision-making. While the common belief is that everything in an industrial environment stems from reasoned decisions, analysis of common practice shows that this is not always the case. This book offers an original perspective by presenting the decision making mechanism from the point of view of the decision maker and their handling of a specific decision-making problem. To learn more about the decision-maker’s motivations when faced with these situations, the authors provide a review of the history of decisionmaking and the major trends in decision-making theory. The concepts and methods are presented with illustrations based on the use of an MES, an industrial management software package.

Download or read book Information Technology for Management Ongoing Research and Development written by Ewa Ziemba and published by Springer. This book was released on 2018-02-27 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes extended selected papers from the 15th Conference on Advanced Information Technologies for Management, AITM 2017, and the 12th Conference on Information Systems Management, ISM 2017, held as part of the Federated Conference on Computer Science and Information Systems, FedCSIS, which took place in Prague, Poland, in September 2017. The 13 papers presented in this volume were carefully reviewed and selected from 48 submissions. They were organized in topical sections named: information technology and systems for knowledge management; information technology and systems for business transformation; and implementation and evaluation of information systems.

Download or read book Proceedings of the XV International Scientific Conference on Industrial Systems IS 11 written by and published by FON. This book was released on with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Risk Management And Value Valuation And Asset Pricing written by Mondher Bellalah and published by World Scientific. This book was released on 2008-02-28 with total page 645 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive discussion of the issues related to risk, volatility, value and risk management. It includes a selection of the best papers presented at the Fourth International Finance Conference 2007, qualified by Professor James Heckman, the 2000 Nobel Prize Laureate in Economics, as a “high level” one. The first half of the book examines ways to manage risk and compute value-at-risk for exchange risk associated to debt portfolios and portfolios of equity. It also covers the Basel II framework implementation and securitisation. The effects of volatility and risk on the valuation of financial assets are further studied in detail.The second half of the book is dedicated to the banking industry, banking competition on the credit market, banking risk and distress, market valuation, managerial risk taking, and value in the ICT activity. With its inclusion of new concepts and recent literature, academics and risk managers will want to read this book.

Download or read book Multiple Criteria Decision Analysis written by Salvatore Greco and published by Springer. This book was released on 2016-02-18 with total page 1356 pages. Available in PDF, EPUB and Kindle. Book excerpt: In two volumes, this new edition presents the state of the art in Multiple Criteria Decision Analysis (MCDA). Reflecting the explosive growth in the field seen during the last several years, the editors not only present surveys of the foundations of MCDA, but look as well at many new areas and new applications. Individual chapter authors are among the most prestigious names in MCDA research, and combined their chapters bring the field completely up to date. Part I of the book considers the history and current state of MCDA, with surveys that cover the early history of MCDA and an overview that discusses the “pre-theoretical” assumptions of MCDA. Part II then presents the foundations of MCDA, with individual chapters that provide a very exhaustive review of preference modeling, along with a chapter devoted to the axiomatic basis of the different models that multiple criteria preferences. Part III looks at outranking methods, with three chapters that consider the ELECTRE methods, PROMETHEE methods, and a look at the rich literature of other outranking methods. Part IV, on Multiattribute Utility and Value Theories (MAUT), presents chapters on the fundamentals of this approach, the very well known UTA methods, the Analytic Hierarchy Process (AHP) and its more recent extension, the Analytic Network Process (ANP), as well as a chapter on MACBETH (Measuring Attractiveness by a Categorical Based Evaluation Technique). Part V looks at Non-Classical MCDA Approaches, with chapters on risk and uncertainty in MCDA, the decision rule approach to MCDA, the fuzzy integral approach, the verbal decision methods, and a tentative assessment of the role of fuzzy sets in decision analysis. Part VI, on Multiobjective Optimization, contains chapters on recent developments of vector and set optimization, the state of the art in continuous multiobjective programming, multiobjective combinatorial optimization, fuzzy multicriteria optimization, a review of the field of goal programming, interactive methods for solving multiobjective optimization problems, and relationships between MCDA and evolutionary multiobjective optimization (EMO). Part VII, on Applications, selects some of the most significant areas, including contributions of MCDA in finance, energy planning problems, telecommunication network planning and design, sustainable development, and portfolio analysis. Finally, Part VIII, on MCDM software, presents well known MCDA software packages.

Download or read book Design Simulation and Evaluation of Effective Industrial Information Systems written by Rezsa Farahani and published by . This book was released on 2013 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Reliability and Risk Modeling of Engineering Systems written by Dilbagh Panchal and published by Springer Nature. This book was released on 2021-05-21 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses reliability, maintenance, risk, and safety issues of industrial systems with applications of the latest decision-making techniques. Thus, this book presents chapters that apply advanced tools, techniques, and computing models for optimizing the performance of industrial and manufacturing systems, along with other complex engineering equipment. Computing techniques like data analytics, failure mode and effects analysis, fuzzy set theory, petri-net, multi-criteria decision-making (MCDM), and soft computing are used for solving problems of reliability, risk, and safety related issues.

Download or read book Proceedings of the 22nd International Conference on Industrial Engineering and Engineering Management 2015 written by Ershi Qi and published by Springer. This book was released on 2016-02-05 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt: Being the premier forum for the presentation of new advances and research results in the fields of Industrial Engineering, IEEM 2015 aims to provide a high-level international forum for experts, scholars and entrepreneurs at home and abroad to present the recent advances, new techniques and applications face and face, to promote discussion and interaction among academics, researchers and professionals to promote the developments and applications of the related theories and technologies in universities and enterprises, and to establish business or research relations to find global partners for future collaboration in the field of Industrial Engineering. All the goals of the international conference are to fulfill the mission of the series conference which is to review, exchange, summarize and promote the latest achievements in the field of industrial engineering and engineering management over the past year, and to propose prospects and vision for the further development. This volume is the second of the two proceedings volumes from this conference.

Download or read book Risk Analysis in Engineering written by Mohammad Modarres and published by CRC Press. This book was released on 2006-01-13 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the author’s 20 years of teaching, Risk Analysis in Engineering: Techniques, Tools, and Trends presents an engineering approach to probabilistic risk analysis (PRA). It emphasizes methods for comprehensive PRA studies, including techniques for risk management. The author assumes little or no prior knowledge of risk analysis on the part of the student and provides the necessary mathematical and engineering foundations. The text relies heavily on, but is not limited to, examples from the nuclear industry, because that is where PRA techniques were first developed. Since PRA provides a best-estimate approach, the author pays special attention to explaining uncertainty characterization. The book begins with a description of the basic definitions and principles of risk, safety, and performance and presents the elements of risk analysis and their applications in engineering. After highlighting the methods for performing PRAs, the author describes how to assess and measure performance of the building blocks of PRAs, such as reliability of hardware subsystems, structures, components, human actions, and software. He covers methods of characterizing uncertainties and methods for propagating them through the PRA model to estimate uncertainties of the results. The book explores how to identify and rank important and sensitive contributors to the estimated risk using the PRA and performance assessment models. It also includes a description of risk acceptance criteria and the formal methods for making decisions related to risk management options and strategies. The book concludes with a brief review of the main aspects, issues, and methods of risk communication. Drawing on notes, homework problems, and exams from courses he has taught as well as feedback from his students, Professor Modarres provides a from-the-trenches method for teaching risk assessment for engineers. This is a textbook that is easy to use for students and professors alike.

Download or read book Performance Management for the Oil Gas and Process Industries written by Robert Bruce Hey and published by Gulf Professional Publishing. This book was released on 2017-04-06 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance Management for the Oil, Gas, and Process Industries: A Systems Approach is a practical guide on the business cycle and techniques to undertake step, episodic, and breakthrough improvement in performance to optimize operating costs. Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more integrated units, as well as the application of increasingly stringent environmental policies. Focusing on the ‘value adder’ or ‘revenue generator’ core system and the company direction statement, this book describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries. The book will enable the reader to: utilize best practice principles of good governance for long term performance enhancement; identify the most significant performance indicators for overall business improvement; apply strategies to ensure that targets are met in agreed upon time frames. Describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries Helps readers set appropriate and realistic short-term/ long-term targets with a pre-built facility health checker Elucidates the relationship between PSM, OHS, and Asset Integrity with an increased emphasis on behavior-based safety Discusses specific oil and gas industry issues and examples such as refinery and gas plant performance initiatives and hydrocarbon accounting

Download or read book System Safety Engineering and Risk Assessment written by Nicholas J. Bahr and published by CRC Press. This book was released on 2018-10-08 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Proceedings of the 27th International Symposium on Advancement of Construction Management and Real Estate written by Jing Li and published by Springer Nature. This book was released on 2023-08-07 with total page 1833 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the proceedings of CRIOCM 2022 (27th International Conference on Advancement of Construction Management and Real Estate), sharing the latest developments in real estate and construction management around the globe. The conference was organized by the Chinese Research Institute of Construction Management (CRIOCM) working in close collaboration with The Chinese University of Hong Kong. Written by international academics and professionals, the book discusses the latest achievements, research findings, and advances in frontier disciplines in the field of construction management and real estate. Covering a wide range of topics, including spatial planning and land use innovation, integration and application of BIM and GIS, low-carbon built environment, post-pandemic resilient cities development, housing and social governance, real estate market and urban policy, real estate finance and economics, intelligent construction and smart city, built environment for healthy living, and construction management in the post-COVID-19 era, the discussions provide valuable insights into the implementation of advanced construction project management and real estate market in China and abroad. The book offers an outstanding resource for academics and professionals

Download or read book Energy and Water Development Appropriations for 2000 Secretary of Energy Department of Administration written by United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development and published by . This book was released on 1999 with total page 1532 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Lees Loss Prevention in the Process Industries written by Frank Lees and published by Butterworth-Heinemann. This book was released on 2012-11-05 with total page 3685 pages. Available in PDF, EPUB and Kindle. Book excerpt: Safety in the process industries is critical for those who work with chemicals and hazardous substances or processes. The field of loss prevention is, and continues to be, of supreme importance to countless companies, municipalities and governments around the world, and Lees’ is a detailed reference to defending against hazards. Recognized as the standard work for chemical and process engineering safety professionals, it provides the most complete collection of information on the theory, practice, design elements, equipment, regulations and laws covering the field of process safety. An entire library of alternative books (and cross-referencing systems) would be needed to replace or improve upon it, but everything of importance to safety professionals, engineers and managers can be found in this all-encompassing three volume reference instead. The process safety encyclopedia, trusted worldwide for over 30 years Now available in print and online, to aid searchability and portability Over 3,600 print pages cover the full scope of process safety and loss prevention, compiling theory, practice, standards, legislation, case studies and lessons learned in one resource as opposed to multiple sources