Sustainable Asset Management and Life-Cycle Investment: Assessing the Potential of ISO 55001 in the Circular Economy

Summary

The sustainability of assets and procedures is one of the main strategic concerns for many companies.
Many organisations have begun discussing how they are supporting the circular economy as part of their strategic sustainability goals.
It is necessary to identify methods that facilitate the transition of industry from a linear economy to a circular one.

Efficiency may delay the inevitable, but it cannot change the fact that resources are finite.
Reducing the amount of fossil fuels and resources used per unit of economic output is the definition of efficiency.
The transition can be supported through life-cycle investment and sustainable asset management.
It is crucial to provide asset managers with tools that can serve as decision-making criteria during the planned transition.
By using this information, managers will be able to base decisions on increasing the value of assets and deriving greater value from them, while reducing life-cycle investment and promoting sustainability throughout the process.

Speaker

J. Edmundo de-Almeida-e-Pais holds a Bachelor’s and Master’s degree in Mechanical Engineering from ISEC – Instituto Superior de Engenharia de Coimbra, Coimbra, Portugal.
In July 2024, he completed his PhD in Industrial Engineering and Management at the University of Beira Interior.
He is a specialist and professional in physical asset management, having gained solid experience in the maintenance management of buildings and equipment.
His main scientific interest lies in the management of physical assets and related fields, such as industrial maintenance.
He is a member of the Research Centre in Asset Management and Systems Engineering (RCM2+) and of the Centre for Research in Electromechatronic Systems – CISE, at the University of Beira Interior, Covilhã, Portugal.

Scientific Organization

Profª. Raphaela Vidal