asset performance management Posts

Advanced Analytics

Bahar BillerJune 13, 2025 0

Optimize spare parts inventory under uncertainty with SAS: A simulation-based approach

Authors: Bahar Biller, Jagdishwar Mankala, and Jinxin Yi Managing spare parts inventory is a critical aspect of asset performance management, especially in industries where equipment downtime is costly. This post, based on a real-world project with a major aircraft manufacturer, explores how to optimize spare parts inventory under uncertainty. We

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Analytics | Artificial Intelligence | Innovation | Machine Learning | Risk Management

Joe NyangonFebruary 28, 2023 0

Managing stranded asset risks in the energy sector with analytics

As the world moves toward a low-carbon future, the power and utilities industry faces significant financial and reputational risks due to the potential stranding of resources and assets. This transition to carbon-free energy sources could render carbon-intensive assets – such as coal- and gas-fired power plants, coal mines and hydrocarbon

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Energy & Utilities

Analytics

Keith HoldawayAugust 14, 2017 0

Analytics holds the key to optimizing oilfield assets

In an increasingly complicated operating environment, the global oil and gas industry struggles to optimize their asset portfolio. Producers combat severe challenges inherent to aging facilities in the context of pricing volatility. Change is the new constant, as the cyclical nature of the oil and gas industry means that producers

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Energy & Utilities

Data Management | Internet of Things

Bryan SaundersJanuary 6, 2016 0

What lies beneath the math matters

Has analytics become just a buzzword, the hype du jour? It’s great that analytics are now cool, but few people have taken then time to understand what analytics really are and how they can help solve their business problems. Last month at the the 30th Annual International Maintenance Conference, I

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Manufacturing

Analytics | Internet of Things

Bryan SaundersMay 5, 2015 0

Don't make this mistake with new equipment

By now, we have all heard about the Internet of Things (IoT), or the Industrial Internet. Across industries, organizations are attempting to instrument and measure all critical business systems and assets in an effort to drive improved production and service delivery. It is estimated that by 2020, companies will spend

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Manufacturing

Analytics | Internet of Things

Bryan SaundersFebruary 3, 2015 0

Event stream processing: Do you need it?

Staying competitive in a big data world means working fast and making decisions even faster. You need to assess conditions, approve access, stop transactions and reroute activities quickly so you can seize opportunities or prevent problems. With increasing data volumes from the Internet of Things (Cisco predicts that fifty billion

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