New SAE International Book Delves into the Advanced Concepts of IVHM

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Oct 02, 2012, 02:48 ET

WARRENDALE, Pa., Oct. 2, 2012 /PRNewswire-USNewswire/ -- Following the best seller, Integrated Vehicle Health Management: Perspectives on an Emerging Field, the new title Integrated Vehicle Health Management: Business Case Theory and Practice takes the subject to the next level. This new title addresses the commercial justification for the adoption of a new modus operandi in asset health management, and its impact on business strategy and servitization of technology.

Edited by Ian Jennions, PhD, Director of the IVHM Center at Cranfield University in the U.K., the book tackles the most important questions on the transformation of business from selling a product, and deriving future income from spare part sales, to selling a service in which income is received in return for effective maintenance of the asset. The resulting service business requires a much deeper understanding of how the product is used and should be maintained, thus providing the rationale for Integrated Vehicle Health Management- IVHM.

Chapter highlights include:

How to calculate the return on investment of an IVHM system
How real options can be used for decision making
How the availability of prognostic information affects maintenance
The business potential of structural health monitoring in aeronautics

Integrated Vehicle Health Management: Business Case Theory and Practice includes interviews with manufacturers and suppliers on how they are marketing one-of-a-kind services, and opening up new and sustainable revenue streams. Case studies also are introduced to demonstrate the real value of condition-based maintenance, the advantage of cost avoidance and risk mitigation for high-value assets. The objective is to provide the tools and techniques for constructing a business case while also providing some of the context in which these variables are framed.

Dr. Jennions is a Professor and Director of the IVHM Centre, Cranfield University, U.K., where he leads its development and growth in research and education. Previously, he had worked for a number of companies in the gas turbine industry over a 30-year career, including Rolls-Royce, General Electric and Alstom. During that time, he worked in a number of technical roles, gaining experience in aerodynamics, heat transfer, fluid systems, mechanical design, combustion and, more recently, IVHM. Dr. Jennions has a Mechanical Engineering degree and a PhD in CFD both from Imperial College, London. He is a Director of the PHM Society, contributing member of the SAE IVHM Steering Group and HM-1 IVHM committee, and a Fellow of IMechE, RAeS and ASME.

Book details:

Published: October 2012
Pages: 180
Print Binding: Hardbound
Product Code: R-414
ISBN: 978-0-7680-6432-2
Price: $89.95 List, $80.00-$90.00 SAE International Member

For more information, including free front and back matter, or to order Integrated Vehicle Health Management: Business Case Theory and Practice visit: http://books.sae.org/book-r-414.

To request an electronic review copy of the book, email [email protected] . Forward published reviews to Shawn Andreassi at [email protected] or SAE International, 400 Commonwealth Dr., Warrendale PA, 15096-0001, to receive a print copy of the book or another equivalent SAE International book.

Other related books from SAE International include:

Integrated Vehicle Health Management: Perspectives on an Emerging Field by: Ian K. Jennions
Aircraft Maintenance by: Bruce R. Aubin
The Standard Handbook for Aeronautical and Astronautical Engineers by Mark Davies

SAE International is a global association of more than 133,000 engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries. SAE International's core competencies are life-long learning and voluntary consensus standards development. SAE International's charitable arm is the SAE Foundation, which supports many programs, including A World In Motion® and the Collegiate Design Series.

- www.sae.org -

Contact: Shawn Andreassi of SAE International, 1-724-772-8522 or [email protected]

SOURCE SAE International