Cases On Optimizing The Asset Management Process

Author : González-Prida, Vicente,Márquez, Carlos Alberto Parra,Márquez, Adolfo Crespo
Publisher : IGI Global
Page : 478 pages
File Size : 51,7 Mb
Release : 2021-10-15
Category : Business & Economics
ISBN : 9781799879459

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Cases on Optimizing the Asset Management Process by González-Prida, Vicente,Márquez, Carlos Alberto Parra,Márquez, Adolfo Crespo Pdf

It is critical to improve the asset management system implementation as well as economics and industrial decision making to ensure that a business may move smoothly internally. Maintenance management should be aligned to the activities of maintenance in accordance with key business strategies, which must be designed under the comprehensive approach of an asset management process. After transforming the priorities of the business into priorities of maintenance, maintenance managers will use their medium-team strategies to tackle potential weaknesses in the maintenance of the equipment in accordance with these objectives. Cases on Optimizing the Asset Management Process explains and summarizes the processes and the reference frame necessary for the implementation of the Maintenance Management Model (MMM). This book acts as an overview of the current state of the art in asset management, providing innovative tools and practices from the fourth industrial revolution. Presenting topics like criticality analysis, physical asset maintenance, and unified modelling language, this text is essential for industrial and manufacturing engineers, plant supervisors, academicians, researchers, advanced-level students, technology developers, and managers who make decisions in this field.

Author : Frank J Fabozzi,Francesco A Fabozzi,Marcos Lopez De Prado,Stoyan V Stoyanov
Publisher : World Scientific
Page : 514 pages
File Size : 46,9 Mb
Release : 2020-12-02
Category : Business & Economics
ISBN : 9789811225765

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Asset Management: Tools And Issues by Frank J Fabozzi,Francesco A Fabozzi,Marcos Lopez De Prado,Stoyan V Stoyanov Pdf

Long gone are the times when investors could make decisions based on intuition. Modern asset management draws on a wide-range of fields beyond financial theory: economics, financial accounting, econometrics/statistics, management science, operations research (optimization and Monte Carlo simulation), and more recently, data science (Big Data, machine learning, and artificial intelligence). The challenge in writing an institutional asset management book is that when tools from these different fields are applied in an investment strategy or an analytical framework for valuing securities, it is assumed that the reader is familiar with the fundamentals of these fields. Attempting to explain strategies and analytical concepts while also providing a primer on the tools from other fields is not the most effective way of describing the asset management process. Moreover, while an increasing number of investment models have been proposed in the asset management literature, there are challenges and issues in implementing these models. This book provides a description of the tools used in asset management as well as a more in-depth explanation of specialized topics and issues covered in the companion book, Fundamentals of Institutional Asset Management. The topics covered include the asset management business and its challenges, the basics of financial accounting, securitization technology, analytical tools (financial econometrics, Monte Carlo simulation, optimization models, and machine learning), alternative risk measures for asset allocation, securities finance, implementing quantitative research, quantitative equity strategies, transaction costs, multifactor models applied to equity and bond portfolio management, and backtesting methodologies. This pedagogic approach exposes the reader to the set of interdisciplinary tools that modern asset managers require in order to extract profits from data and processes.

Author : Adolfo Crespo Márquez
Publisher : Springer Nature
Page : 233 pages
File Size : 46,7 Mb
Release : 2024-05-23
Category : Electronic
ISBN : 9783031523915

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Advances in Asset Management: Strategies, Technologies, and Industry Applications by Adolfo Crespo Márquez Pdf

Author : Richard O. Michaud,Robert O. Michaud
Publisher : Oxford University Press
Page : 144 pages
File Size : 46,9 Mb
Release : 2008-03-03
Category : Business & Economics
ISBN : 9780199715794

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Efficient Asset Management by Richard O. Michaud,Robert O. Michaud Pdf

In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of conceptual flaws in Markowitz theory but unrealistic representation of investment information. What is missing is a realistic treatment of estimation error in the optimization and rebalancing process. The text provides a non-technical review of classical Markowitz optimization and traditional objections. The authors demonstrate that in practice the single most important limitation of MV optimization is oversensitivity to estimation error. Portfolio optimization requires a modern statistical perspective. Efficient Asset Management, Second Edition uses Monte Carlo resampling to address information uncertainty and define Resampled Efficiency (RE) technology. RE optimized portfolios represent a new definition of portfolio optimality that is more investment intuitive, robust, and provably investment effective. RE rebalancing provides the first rigorous portfolio trading, monitoring, and asset importance rules, avoiding widespread ad hoc methods in current practice. The Second Edition resolves several open issues and misunderstandings that have emerged since the original edition. The new edition includes new proofs of effectiveness, substantial revisions of statistical estimation, extensive discussion of long-short optimization, and new tools for dealing with estimation error in applications and enhancing computational efficiency. RE optimization is shown to be a Bayesian-based generalization and enhancement of Markowitz's solution. RE technology corrects many current practices that may adversely impact the investment value of trillions of dollars under current asset management. RE optimization technology may also be useful in other financial optimizations and more generally in multivariate estimation contexts of information uncertainty with Bayesian linear constraints. Michaud and Michaud's new book includes numerous additional proposals to enhance investment value including Stein and Bayesian methods for improved input estimation, the use of portfolio priors, and an economic perspective for asset-liability optimization. Applications include investment policy, asset allocation, and equity portfolio optimization. A simple global asset allocation problem illustrates portfolio optimization techniques. A final chapter includes practical advice for avoiding simple portfolio design errors. With its important implications for investment practice, Efficient Asset Management 's highly intuitive yet rigorous approach to defining optimal portfolios will appeal to investment management executives, consultants, brokers, and anyone seeking to stay abreast of current investment technology. Through practical examples and illustrations, Michaud and Michaud update the practice of optimization for modern investment management.

Author : Pressentin, Maria
Publisher : IGI Global
Page : 368 pages
File Size : 40,6 Mb
Release : 2021-12-03
Category : Business & Economics
ISBN : 9781799888222

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Key Factors and Use Cases of Servant Leadership Driving Organizational Performance by Pressentin, Maria Pdf

Effective leadership is a major influence in the value creation for the success and sustainability required for organizations to thrive. Servant leader, or service minded-behaving leader, motivation and interactions tend to promote exemplary performance and collaboration in organizations. This is a 21st century must-have workplace-applicable style to develop cohesive high performing teams, purposeful and engaging environments, and build trust and organization vitality. Key Factors and Use Cases of Servant Leadership Driving Organizational Performance provides findings and recommendations to support practical application of servant leadership theory for the 21st century economy. Moreover, the book seeks to share evidence of how servant or service mindset and behavior-oriented leaders might mitigate organizational existing conditions to promote team member empowerment through servant-like interactions, as a result influencing their performance. Covering topics such as empathetic leadership and employee satisfaction, it is ideal for executives, managers, researchers, practitioners, aspiring leaders, educational institutions/libraries, academicians, consulting firms, and students.

Author : John D. Campbell,Andrew K.S. Jardine
Publisher : CRC Press
Page : 532 pages
File Size : 45,7 Mb
Release : 2001-02-13
Category : Technology & Engineering
ISBN : 1420029401

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Maintenance Excellence by John D. Campbell,Andrew K.S. Jardine Pdf

Considering maintenance from a proactive, rather than reactive, perspective, Maintenance Excellence details the strategies, tools, and solutions for maximizing the productivity of physical assets—focusing on profitability potential. The editors address contemporary concerns, key terms, data requirements, critical methodologies, and essential mathematical needs. They present maintenance in a business context, review planning, measurement, feedback, and techniques related to cost, efficiency, and results, and summarize applications of tools and software from statistics and neural networks to cost-optimized models.

Author : Ahmad, Muneer,Zaman, Noor
Publisher : IGI Global
Page : 315 pages
File Size : 55,7 Mb
Release : 2022-04-01
Category : Computers
ISBN : 9781799892038

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Empowering Sustainable Industrial 4.0 Systems With Machine Intelligence by Ahmad, Muneer,Zaman, Noor Pdf

The recent advancement of industrial computerization has significantly helped in resolving the challenges with conventional industrial systems. The Industry 4.0 quality standards demand smart and intelligent solutions to revolutionize industrial applications. The integration of machine intelligence and internet of things (IoT) technologies can further devise innovative solutions to recent industrial application issues. Empowering Sustainable Industrial 4.0 Systems With Machine Intelligence assesses the challenges, limitations, and potential solutions for creating more sustainable and agile industrial systems. This publication presents recent intelligent systems for a wide range of industrial applications and smart safety measures toward industrial systems. Covering topics such as geospatial technologies, remote sensing, and temporal analysis, this book is a dynamic resource for health professionals, pharmaceutical professionals, manufacturing professionals, policymakers, engineers, computer scientists, researchers, instructors, students, and academicians.

Author : Carvalho, Luísa Cagica,Teixeira, Nuno,Pardal, Pedro
Publisher : IGI Global
Page : 353 pages
File Size : 45,5 Mb
Release : 2022-03-25
Category : Business & Economics
ISBN : 9781799882411

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Interdisciplinary and Practical Approaches to Managerial Education and Training by Carvalho, Luísa Cagica,Teixeira, Nuno,Pardal, Pedro Pdf

In the last decades, the development of innovative practices has gained considerable interest. New generations of students have grown up in a very different environment from their predecessors, one influenced by information and communications technology (ICT). In a globalized world, ICT is changing the way businesses create and capture value, how and where we work, and how we interact and communicate. Thus, some of the traditional teaching methods are rapidly becoming obsolete and unattractive to the new generation of students. Despite the increase in the development of new teaching approaches in recent years, relevant questions related to learning objectives, suitable methodologies, and impact assessment remain unanswered. Interdisciplinary and Practical Approaches to Managerial Education and Training addresses the best practices, laboratory methods, policies, protocols, and practical approaches to managerial education and training. Covering a wide range of topics such as training programs, teacher education, and online learning, it is ideal for academics, university teachers, researchers, students, public and private institutions, and professionals in managerial training education.

Author : Senbursa, Nihan
Publisher : IGI Global
Page : 465 pages
File Size : 47,6 Mb
Release : 2022-03-25
Category : Business & Economics
ISBN : 9781799890416

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Handbook of Research on the Future of the Maritime Industry by Senbursa, Nihan Pdf

During the COVID-19 pandemic, employees of maritime and logistics sectors have continued their activities both on shore and on board to complete operations and supply continuity of logistics management in hard times. While organizations worked to provide the best services to customers, the shipping industry suffered by the work-life changes brought by the pandemic. Changes have been felt in talent management in new shipping, changing maritime ethics and affecting the maritime industry psychology, employee motivation, importance of seafarers, and employee rights and responsibilities. The Handbook of Research on the Future of the Maritime Industry presents leaders and managers from maritime and logistics industries, sharing their experiences, new paradigms, practices, and strategies. This book provides practical ideas and strategies to cope with the consequences of the “new normal” in the wake of the global pandemic crisis. Covering topics such as employee rights, occupational safety, and psychological effects, this book is an essential resource for senior executives, leaders and managers, HR professionals, lecturers, business clusters, entrepreneurs, researchers, scholars, academicians, and faculty of higher education.

Author : Söhnke M. Bartram,Jürgen Branke,Mehrshad Motahari
Publisher : CFA Institute Research Foundation
Page : 95 pages
File Size : 50,5 Mb
Release : 2020-08-28
Category : Business & Economics
ISBN : 9781952927034

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Artificial Intelligence in Asset Management by Söhnke M. Bartram,Jürgen Branke,Mehrshad Motahari Pdf

Artificial intelligence (AI) has grown in presence in asset management and has revolutionized the sector in many ways. It has improved portfolio management, trading, and risk management practices by increasing efficiency, accuracy, and compliance. In particular, AI techniques help construct portfolios based on more accurate risk and return forecasts and more complex constraints. Trading algorithms use AI to devise novel trading signals and execute trades with lower transaction costs. AI also improves risk modeling and forecasting by generating insights from new data sources. Finally, robo-advisors owe a large part of their success to AI techniques. Yet the use of AI can also create new risks and challenges, such as those resulting from model opacity, complexity, and reliance on data integrity.

Author : Roy Justus,David Zhao
Publisher : Packt Publishing Ltd
Page : 253 pages
File Size : 46,8 Mb
Release : 2022-12-01
Category : Computers
ISBN : 9781803247434

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ServiceNow for Architects and Project Leaders by Roy Justus,David Zhao Pdf

Gain insight and strategic advice for driving value in your organization with this practical guide that condenses a decade of ServiceNow wisdom into the must-know essentials for impactful deployments Key FeaturesFocus on what to do when shaping and leading a ServiceNow journeyExplore strategies for making your projects impactful and valuableGuidance for leaders at every level to maximize return on their investments in ServiceNowBook Description ServiceNow is the leading enterprise service management platform that enables the effective management of services in a modern enterprise. In this book, you'll learn how to avoid pitfalls that can challenge value realization, where to focus, how to balance tradeoffs, and how to get buy-in for complex decisions. You'll understand the key drivers of value in ServiceNow implementation and how to structure your program for successful delivery. Moving ahead, you'll get practical guidance on the methods and considerations in securely using ServiceNow. You'll also learn how to set up a multi-instance environment including best practices, patterns and alternatives in the use and maintenance of a multi-instance pipeline. Later chapters cover methods and approaches to design processes that deliver optimal ROI. Further, you'll receive tips for designing technical standards, designing for scale, ensuring maintainability, and building a supportable instance. Finally, you'll focus on the innovative possibilities that can be unlocked in a ServiceNow journey which will help you to manage uncertainty and claim the value of being an early adopter. By the end of this book, you'll be prepared to lead or support a ServiceNow implementation with confidence that you're bringing not only a solution but also making an impact in your organization. What you will learnUnderstand the key drivers of value in ServiceNow implementationStructure your ServiceNow programs for successful deliveryDiscover methods and tools for securely using ServiceNowSet up a multi-instance environment with best practices and patternsArchitect and lead the deployment of AI capabilities in ServiceNowBuild innovative experiences using NLU, virtual agents and the Now Experience FrameworkWho this book is for This book is for architects, consultants and project leaders looking to drive value by applying ServiceNow effectively and efficiently. Platform administration or development experience is useful but not necessary to get the most out of this book. However, some familiarity with the modules and features of ServiceNow is expected.

Author : Philipp Caspar Koch
Publisher : Springer Science & Business Media
Page : 326 pages
File Size : 41,9 Mb
Release : 2008-09-25
Category : Business & Economics
ISBN : 9783834998651

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Optimizing Distribution Systems in Asset Management by Philipp Caspar Koch Pdf

Philipp Caspar Koch is making the attempt to outline with a model-shaping intent the way in which a deliberate choice and design of varying “institutional arrangements" is likely to operate as a device for optimizing net inflows from private investors.

Author : Jay Lee,Jun Ni,Jagnathan Sarangapani,Joseph Mathew
Publisher : Springer Science & Business Media
Page : 709 pages
File Size : 41,5 Mb
Release : 2013-07-30
Category : Technology & Engineering
ISBN : 9781447149934

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Engineering Asset Management 2011 by Jay Lee,Jun Ni,Jagnathan Sarangapani,Joseph Mathew Pdf

This text represents state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Sixth World Congress on Engineering Asset Management (WCEAM) held in Cincinnati, OH, USA from October 3-5, 2011 The Proceedings of the WCEAM 2011 is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering topics such as: Asset condition monitoring and intelligent maintenance; Asset data warehousing, data mining and fusion; Asset performance and level-of-service models; Design and lifecycle integrity of physical assets; Deterioration and preservation models for assets; Education and training in asset management; Engineering standards in asset management; Fault diagnosis and prognostics; Financial analysis methods for physical assets; Human dimensions in integrated asset management; Information quality management; Information systems and knowledge management; Intelligent maintenance; Intelligent sensors and devices; Maintenance strategies in asset management; Optimization decisions in asset management; Prognostics & Health Management; Risk management in asset management; Strategic asset management; and Sustainability in asset management.

Author : Dennis Drogseth,Rick Sturm,Dan Twing
Publisher : Morgan Kaufmann
Page : 402 pages
File Size : 50,9 Mb
Release : 2015-03-22
Category : Computers
ISBN : 9780128013731

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CMDB Systems by Dennis Drogseth,Rick Sturm,Dan Twing Pdf

CMDB Systems: Making Change Work in the Age of Cloud and Agile shows you how an integrated database across all areas of an organization’s information system can help make organizations more efficient reduce challenges during change management and reduce total cost of ownership (TCO). In addition, this valuable reference provides guidelines that will enable you to avoid the pitfalls that cause CMDB projects to fail and actually shorten the time required to achieve an implementation of a CMDB. Drawing upon extensive experience and using illustrative real world examples, Rick Sturm, Dennis Drogseth and Dan Twing discuss: Unique insights from extensive industry exposure, research and consulting on the evolution of CMDB/CMS technology and ongoing dialog with the vendor community in terms of current and future CMDB/CMS design and plans Proven and structured best practices for CMDB deployments Clear and documented insights into the impacts of cloud computing and other advances on CMDB/CMS futures Discover unique insights from industry experts who consult on the evolution of CMDB/CMS technology and will show you the steps needed to successfully plan, design and implement CMDB Covers related use-cases from retail, manufacturing and financial verticals from real-world CMDB deployments Provides structured best practices for CMDB deployments Discusses how CMDB adoption can lower total cost of ownership, increase efficiency and optimize the IT enterprise

Author : John D. Campbell,Andrew K.S. Jardine,Joel McGlynn,Don M. Barry
Publisher : CRC Press
Page : 543 pages
File Size : 52,6 Mb
Release : 2024-02-09
Category : Technology & Engineering
ISBN : 9781003836650

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Asset Management Excellence by John D. Campbell,Andrew K.S. Jardine,Joel McGlynn,Don M. Barry Pdf

This is the third edition of Asset Management Excellence: Optimizing Equipment Life-Cycle Decisions. This edition acknowledges and introduces the many changes to the Asset Management business while continuing to explain the supporting fundamentals. Since the second edition, there have been many influences of change in asset management, society’s expectations, and supporting technologies. In this edition, the contributors have revisited the content and have updated and added insights and information based on the emerging influences in thinking and the continued evolution of applied technologies since the prior editions. New in the Third Edition: Updates across each of the second edition chapters to align with today’s insights Updates on technologies now available to support Asset Management, including related software packaging, the Internet of Things (IoT), Machine Learning, and Artificial Intelligence Insights on how Information Technology can step up to help an asset-intensive organization compete, drive to operational excellence and automation A chapter on sustainability and the influence Asset Management may have on this higher-focus priority A chapter on change enablement as the process and technology changes impact the various stakeholders of asset-intensive organizations The fundamentals of Asset Management are essential as Asset-intensive organizations look to technologies to help them compete. AI is becoming pervasive but must be confirmed and aligned with the fundamentals. This edition will provoke thought as each organization determines its next steps toward its new challenges in Asset Management.