asset lifecycle management
bringing it all together
Asset lifecycle management aims to minimise the costs associated with the maintenance, replacement and overhaul of equipment.
Suspending operations is expensive, while replacing equipment too early increases equipment costs over the lifetime of a system. However, unanticipated stoppages due to failure of equipment can be even more costly.
Helping businesses to manage physical assets for long term benefit is a key strength of decisionLab.
Our expert problem solvers apply the right combination of simulation to explore and define a range of feasible options; then optimisation to determine the best possible solution to meet your process efficiency, safety, profit and/or environmental objectives.
Get in touch to discover how we’d approach to asset lifecycle management in your organisation.