Overview of the Asset Strategy Optimization Module

This topic provides a listing of all overviews and high level explanatory information to help you understand the Asset Strategy Optimization module.

The GE Digital APM Asset Strategy Optimization (ASO) module extends the analytical capabilities of the Asset Strategy Management (ASM) module by providing the additional ability to:

Define planned and unplanned resources for each Risk.
Define Resources, such as spare parts and human resources, that are needed to perform actions.
Define Time to Failure (TTF) and Time to Repair (TTR) information based on Monte Carlo simulation results.
Integrate with the GE Digital APM Reliability Analytics module .
Use a diagramming tool that allows you to represent the physical structure of pieces of equipment and locations.
Define Global Events.

While ASO is its own separate module, it is intended to extend the capabilities available in ASM by providing a more detailed analysis of a particular strategy. You will, therefore, access ASO directly from an existing Asset Strategy, System Strategy, or Unit Strategy. In ASO, you can use the additional features in the preceding list to determine the most optimal strategy for a piece of equipment or location, which can then be viewed and managed further in ASM.

In other words, ASO and ASM work together to provide a more comprehensive view of your equipment and locations to help you determine the best way to manage them to reduce cost and risk. Many of the features in ASO work similarly to or exactly the way they work in Reliability Analysis.

Note: You can access ASO only if the ASM module is active.