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.

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.

The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.

Smart grid (SG), also called intelligent grid, is a modern improvement of the traditional power grid that will revolutionize the way electricity is produced, delivered, and consumed. Studying key concepts such as advanced metering infrastructure, distribution management systems, and energy management systems will support the design of a cost-effective, reliable, and efficient supply system, and will create a real-time bidirectional communication means and information exchange between the consumer and the grid operator of electric power. Optimizing and Measuring Smart Grid Operation and Control is a critical reference source that presents recent research on the operation, control, and optimization of smart grids. Covering topics that include phase measurement units, smart metering, and synchrophasor technologies, this book examines all aspects of modern smart grid measurement and control. It is designed for engineers, researchers, academicians, and students.

This timely book deals with a current topic, i.e. the applications of metaheuristic algorithms, with a primary focus on optimization problems in civil engineering. The first chapter offers a concise overview of different kinds of metaheuristic algorithms, explaining their advantages in solving complex engineering problems that cannot be effectively tackled by traditional methods, and citing the most important works for further reading. The remaining chapters report on advanced studies on the applications of certain metaheuristic algorithms to specific engineering problems. Genetic algorithm, bat algorithm, cuckoo search, harmony search and simulated annealing are just some of the methods presented and discussed step by step in real-application contexts, in which they are often used in combination with each other. Thanks to its synthetic yet meticulous and practice-oriented approach, the book is a perfect guide for graduate students, researchers and professionals willing to applying metaheuristic algorithms in civil engineering and other related engineering fields, such as mechanical, transport and geotechnical engineering. It is also a valuable aid for both lectures and advanced engineering students.

Modeling and optimization of energy management systems for micro- and mini-grids play an important role in the fields of energy generation dispatch, system operation, protection coordination, power quality issues, and peak demand conflict with grid security. This comprehensive reference text provides an in-depth insight into these topics. This text discusses the use of meta-heuristic and artificial intelligence algorithms for developing energy management systems with energy use prediction for mini- and microgrid systems. It covers important concepts including modeling of microgrid and energy management systems, optimal protection coordination-based microgrid energy management, optimal energy dispatch with energy management systems, and peak demand management with energy management systems. Key Features: Presents a comprehensive discussion of mini- and microgrid concepts Discusses AC and DC microgrid modeling in detail Covers optimization of mini- and microgrid systems using AI and meta-heuristic techniques Provides MATLAB®-based simulations on a mini- and microgrid Comprehensively discussing concepts of microgrids with the help of software-based simulations, this text will be useful as a reference text for graduate students and professionals in the fields of electrical engineering, electronics and communication engineering, renewable energy, and clean technology.

Infrastructure Asset Management with Power System Applications is about infrastructure asset management, which can be expressed as the combination of management, financial, economic, and engineering, applied to physical assets with the objective of providing the required level of service in the most cost-effective manner. It includes management of the whole lifecycle of a physical asset from design, construction, commission, operation, maintenance, modification, decommissioning, and disposal. It covers budget issues and focuses on asset management of an infrastructure for energy—i.e., the electric power system. Features Offers a comprehensive reference book providing definitions, terminology, and basic theories as well as a comprehensive set of examples from a wide range of applications for the electric power system and its components. Spans a wide range of applications for the electric power system area, including real data and pictures. Contains results from recently published research and application studies. Includes a wide range of application examples for the electric power systems area from hydro, nuclear, and wind, plus shows future trends. Contributes to the overall goals of developing a sustainable energy system by providing methods and tools for a resource efficient use of physical assets in the electric power system area.

The utilization of renewable energy sources such as wind energy, or solar energy, among others, is currently of greater interest. Nevertheless, since their availability is arbitrary and unstable this can lead to frequency variation, to grid instability and to a total or partial loss of load power supply, being not appropriate sources to be directly connected to the main utility grid. Additionally, the presence of a static converter as output interface of the generating plants introduces voltage and current harmonics into the electrical system that negatively affect system power quality. By integrating distributed power generation systems closed to the loads in the electric grid, we can eliminate the need to transfer energy over long distances through the electric grid. In this book the reader will be introduced to different power generation and distribution systems with an analysis of some types of existing disturbances and a study of different industrial applications such as battery charges.

Water Supply and Distribution Systems, Second edition is a comprehensive introduction to the topic of how water is delivered to homes and businesses throughout the world. It covers fundamental concepts and exploring the latest ideas of good practice.

This book presents the role of AI-Driven Digital Twin in the Industry 4.0 ecosystem by focusing on Smart Manufacturing, sustainable development, and many other applications. It also discusses different case studies and presents an in-depth understanding of the benefits and limitations of using AI and Digital Twin for industrial developments. AI-Driven Digital Twin and Industry 4.0: A Conceptual Framework with Applications introduces the role of Digital Twin in Smart Manufacturing and focuses on the Digital Twin framework throughout. It provides a summary of the various AI applications in the Industry 4.0 environment and emphasizes the role of advanced computational and communication technologies. The book offers demonstrative examples of AI-Driven Digital Twin in various application domains and includes AI techniques used to analyze the environmental impact of industrial operations along with examples. The book reviews the major challenges in the deployment of AI-Driven Digital Twin in the Industry 4.0 ecosystem and presents an understanding of how AI is used in the designing of Digital Twin for various applications. The book also enables familiarity with various industrial applications of computational and communication technologies and summarizes the ongoing research and innovations in the areas of AI, Digital Twin, and Smart Manufacturing while also tracking the various research challenges along with future advances. This reference book is a must-read and is very beneficial to students, researchers, academicians, industry experts, and professionals working in related fields.