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Sustain-Owner

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

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

Sustain-Owner project word cloud

Explore the words cloud of the Sustain-Owner project. It provides you a very rough idea of what is the project "Sustain-Owner" about.

companies innovative tco maintenance owner industry factory clarifying arising purpose day capability decision ownership stakeholders poorly organization life assets tvo until cycle world publications so thinking academics benefit workshops physical regard helps industrial extract cross academic company procurement interviews outputs economic instead practiced asset experts tangible works owned expenditure incentivised intangible total quantifying advantages sustainable consideration capital framework encourage maker extends maximisation social local sharing supporting fertilization maximum think environmental accepted efficient thanks examine base quantify decisions few determined operations models flavour evolution

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 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.	IT (MILANO)	coordinator	225˙000.00
2	UNIVERSIDAD DE SEVILLA UNIVERSIDAD DE SEVILLA Organization address address: CALLE S. FERNANDO 4 city: SEVILLA postcode: 41004 website: www.us.es contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	ES (SEVILLA)	participant	130˙500.00
3	THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE Organization address address: TRINITY LANE THE OLD SCHOOLS city: CAMBRIDGE postcode: CB2 1TN website: www.cam.ac.uk contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	UK (CAMBRIDGE)	participant	94˙500.00
4	FOUNDATION FOR INNOVATION AND TECHNOLOGY TRANSFER FOUNDATION FOR INNOVATION AND TECHNOLOGY TRANSFER Organization address address: HAUZ KHAS NEW DELHI city: NEW DELHI postcode: 110016 website: www.fitt-iitd.org contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	IN (NEW DELHI)	partner	0.00
5	INDIAN INSTITUTE OF TECHNOLOGY BOMBAY INDIAN INSTITUTE OF TECHNOLOGY BOMBAY Organization address address: Powai city: MUMBAI postcode: 400076 website: www.litb.ac.in contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	IN (MUMBAI)	partner	0.00
6	PONTIFICIA UNIVERSIDAD CATOLICA DE VALPARAISO PONTIFICIA UNIVERSIDAD CATOLICA DE VALPARAISO Organization address address: Avenida Brasil 2950 city: VALPARAISO postcode: N/A website: www.pucv.cl contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	CL (VALPARAISO)	partner	0.00
7	PONTIFICIA UNIVERSIDAD CATOLICA DEL PERU PONTIFICIA UNIVERSIDAD CATOLICA DEL PERU Organization address address: Av Universitaria 1801 city: LIMA postcode: 15088 website: www.pucp.edu.pe contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	PE (LIMA)	partner	0.00
8	RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY Organization address address: RUTGERS PLAZA 3 city: NEW BRUNSWICK postcode: 8901 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	US (NEW BRUNSWICK)	partner	0.00
9	University of Cincinnati University of Cincinnati Organization address address: Cincinnati,Ohio city: Cincinnati postcode: 45221-0222 website: http://www.srs.uc.edu/ contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	US (Cincinnati)	partner	0.00
10	UNIVERSITY OF PRETORIA UNIVERSITY OF PRETORIA Organization address address: Lynnwood Road city: PRETORIA postcode: 2 website: www.up.ac.za contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	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

List of publications.
year	authors and title	journal	last update
2018	Hao Li, AdriÃ 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, AdriÃ 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, AdriÃ 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 MÃ¡rquez, E. Castellano, J.F. GÃ³mez FernÃ¡ndez 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. GÃ³mez FernÃ¡ndez, Pablo MartÃnez-GalÃ¡n FernÃ¡ndez, Antonio J. GuillÃ©n LÃ³pez, Adolfo Crespo MÃ¡rquez 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, DurÃ¡n 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	AdriÃ Salvador Palau, Zhenglin Liang, Daniel LÃ¼tgehetmann, 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 DurÃ¡n, 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. GuillÃ©n, Adolfo Crespo , Juan Fco. GÃ³mez , 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: 170â€“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. GonzÃ¡lez-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	GuillÃ©n AJ, Crespo A, Macchi M, GÃ³mez 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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