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Asset Failure Risk-based Optimal Asset Replacement Scheduling

Asset Failure Risk-based Optimal Asset Replacement Scheduling

MaximoWorld Presentation (46:32)

by Jayant Kalagnanam, IBM T.J. Watson Research Center

We introduce a general framework for asset investment optimization for a group of geographically distributed assets over a time horizon. This enables a systematic evaluation of asset condition (i.e., failure risk) and replacement strategies to optimize capital allocation and operational expenses.

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