Linear Asset Management – Despite the importance of linear assets, they are not commonly thought of as being “people-friendly” and are typically concealed behind walls and other structures that keep them out of sight. Some linear assets are even owned by several entities and may have complex rights of way and reciprocal cost-sharing arrangements. Linear assets consist of a series of runs, or segments of tracks. People are generally not allowed to walk or ride on these assets, and many of them are not ergonomically designed or safe for humans to use.
One of the fundamental principles of dynamic segmentation is to view continuous segments as a single line with unique attributes. In linear asset management, this concept is being extended to newer asset management software. There are many methods for dynamic segmentation, each with its advantages and disadvantages. For example, a new dynamic segmentation system combines set banding and tolerance ranges to segment assets into logical portions. In many cases, this process is much more accurate and more flexible than the traditional method.
Linear asset management software extends the capabilities of Maximo to handle all aspects of managing assets, including pipelines, roads, railroad tracks, and more. By applying user-defined relationships and dynamic condition monitoring, Maximo Linear Asset Manager can plan and monitor linear assets. Its user-defined relationships also enable the management of work on linear assets, such as the length of the line. Moreover, it tracks material and labor by linear measures.
The use of condition-based monitoring to evaluate and improve the performance of linear assets can help extend their lives and ensure their reliability. Condition-based monitoring tracks key condition parameters and can trigger an alert when these indicators start to change. For example, if you notice an increase in wear, rust, or other damages on rail heads, you can perform a maintenance inspection or make adjustments to your maintenance strategy before the condition of the rails worsens.
The use of condition-based monitoring can be effective in extending the time between scheduled maintenance shutdowns. It can also help reduce the cost of maintenance by planning work orders based on an asset’s condition. Typical types of condition-based monitoring include oil analysis, vibration analysis, and temperature tracking. However, there are many other methods you can use to monitor linear assets, such as electromagnetic measurement and motor circuit testing. It is possible to monitor all these parameters through a single system and combine them into one for an even more detailed view.
Reporting on linear asset performance
For companies with linear assets, reporting on linear asset performance can be an important function. The failure of such assets can result in loss of revenue, decreased customer satisfaction, delays in getting goods to market, and even regulatory fines. This is why maintaining the value of every asset throughout its life cycle is critical. Using the right tools for reporting on linear asset performance is essential to achieving this goal. In this article, you will learn how to do just that.
When analyzing the performance of a linear asset, the first step is to define the location attributes along the track. Then, you must determine which components of the track have varying conditions. For instance, if the asset is a road, its speed limit may be 45 MPH while the other components may be pipelines. These attributes are defined by category and can be assigned to the asset. An example of a linear asset is a local highway, which might include roadside signals, crossings, and catenary poles.
Issues and challenges of managing linear assets
The complexities of asset management in the industry are often complex, making it essential for businesses to find an optimal solution for their linear assets. Linear asset management can help organizations optimize asset performance, availability, and safety while reducing maintenance and overall operating costs and freeing up capital for other uses. Streamlined linear asset management can help businesses identify work locations, manage costs, and schedule maintenance activities. Several different types of asset management applications are available, ranging from standalone solutions to enterprise-wide LAM.
Regardless of how you define your linear assets, each type of asset can present unique challenges. For example, linear assets may be classified in fixed divisions, making it difficult to allocate costs to specific segments. These assets also often require manual analysis, which can be time-consuming and error-prone. Managing these assets properly is essential for keeping your business competitive. This article will provide some useful tips for managing linear assets. It will also give you an overview of some of the common challenges and issues that arise in managing linear assets.