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Investment Portfolio Optimisation for asset management, using mixed integer programming, python, PuLP and AWS lambda. ▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬ 0:00 - Intro 0:15 - Portfolio of Investment Problem 0:55 - Mixed Integer Programming 2:53 - Existing Libraries 3:11 - Mathematical Formulation 4:33 - Porting to Python 5:44 - Packaging in AWS Lambda #MIP #AssetManagement #Optimization #Analytics

In this video I chat with Shane Scriven about the MTTF and MTTR Metrics

I chat with Shane Scriven from SAS Asset Management about asset health scores and indices.

In this video I discuss criticality with Shane Scriven from SAS Asset Management.

In this video we ask ChatGPT to help out with some common reliability questions to see how it performs. ▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬ 0:00 - Intro 0:53 - Electric Motor FMEA 2:15 - More Failure Modes 3:56 - Design Lives 5:04 - Dominant Modes 6:02 - Life Extension Activities 7:19 - Weibull Distribution Estimation 9:30 - Inspection Checklist 11:30 - Condition Monitoring Techniques 12:30 - C...

If your failure data "appears" random, creating a causal model can help you identify specific attributes to dig into.

Asset Modelling is Asset Knowledge, captured in a specific framework, that can be understood by both humans and machines to inform decision-making. This video walks through the build process. Asset models can be considered as a digital twin for asset performance. ▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬ 0:00 - Intro 0:04 - What is an Asset Model 1:01 - Model Build 4:30 - Transfer to Software 5:50 - ...

In this video we go over the differences between a knowledge first architecture (KFA), and a more typical Needs First Architecture (NFA) for connecting data to decision making. ▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬ 0:00 - Intro 0:09 - KFA vs NFA 2:14 - Other Systems 2:54 - Asset Models 3:40 - Field Assets 5:02 - Solvers (Use Cases) 6:05 - Scenarios 6:13 - Outputs 6:20 - Recap

This video highlights some parts of the CNAIM that can be improved. ▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬ 0:00 - Intro 0:19 - CNAIM Explained 0:50 - Preface 2:22 - Existing Approaches 3:53 - Other Uses 4:47 - Causal inference 5:34 - Health Scores to PoF 6:38 - Reliability Principles 8:03 - Mathematical Accuracy 10:46 - Health Scales 11:11 - Risk Reporting 12:55 - Asset Specifics

In this video we explore the centrality of failure modes and their causal relationships. This is not an in-depth view, but highlights how Failure Modes fit in the asset management puzzle.

MTTF / MTBF to Weibull distributions

The Bathtub Curve - Failure modes to asset level aggregation

Failure Patterns - Why most asset failures AREN'T random.