Introduction to Asset Dynamics
Society invests heavily in complex systems that help us in our daily needs. We depend on these systems. Consider transportation systems, infrastructure, computers, networks, power plants, factories, etc. Typically, these systems are characterized by high investments, long life cycles, complexity, uncertainty about the future use and future conditions in which these systems have to operate.
Asset Dynamics focuses on physical assets and the (changing) context in which those assets operate. Assets are complex, capital-intensive systems that are driven by people, like industrial plants, factories, buildings, utilities, transportation systems.
Typical behavior of assets:
– Assets degrade over time if they are not maintained sufficiently
– Assets have a finite useful life
– Assets are designed according to a particular functional need- The functional requirement, including the conditions in which operates the asset, may change over time
Access to Asset Dynamics Library:
As SIG we share a Knowledge Base for Asset Dynamics. For SIG members this dedicated Library is accessible via this link:https://airtable.com/shrDvCKPOcIJHbXU3
Through this link you can view public available literature (papers, publications, etc.)
Add New literature to Library:
Via this link you can also add new public available literature to the Library which you consider to be relevant fort he SIG Asset Dynamics community:
News/new initiatives or activities
In 2017 we target to organize two webinars (in spring and in autumn).
And we will have a SIG meeting at the annual ISDConference July 16-20 in Boston. Agenda:
- Activities last year
- Planned activities coming year
- SIG leadership
- Short intro to Asset Dynamics
- Membership of SIG
Current initiatives or activities
Facilitating the Asset Dynamics Library/ Database. We are working on the set up of this database, which will be made accessible through the Special Interest Group Webpage of the Society.
Relevant Publications related to Asset Dynamics
We are providing a database (Asset Dynamics Library) with relevant publications. We invite members of the SIG to add relevant publications.
How to join the Asset Dynamics SIG/ Membership
Membership in the Asset Dynamics SIG is open to all members of the System Dynamics Society as well as non-members who are Asset Management practitioners, System Dynamics practitioners and SIG supporters in the business, academic, and government sectors. System Dynamics Society members and other individuals wishing to join the Asset Dynamics SIG may do so by following the directions here under. Asset Dynamics SIG members who are also System Dynamics Society members will be identifiable/searchable in the Society’s membership directory.
Directions for SDS members:
- Sign in with your email and password
- Click Update Contact Information
- Scroll down to Chapter and SIG Signup
- Check the Asset Dynamics SIG box
- Click Save changes
Directions for Non-SDS members:
- Visit https://systemdynamics.org/
- Click Register for free
- Enter requested information
- Click Continue
- Scroll down to Chapter and SIG Signup
- Check Asset Dynamics SIG
- Click Submit
You will be added to the Asset Dynamics SIG mailing list and eligible to join our regular meetings.
How to contact / contribute
We are actively seeking contributors to the Asset Dynamics SIG.
If you want to get in contact, have ideas for activities this SIG, or want to contribute to new or current activities please email firstname.lastname@example.org
We encourage you to join our LinkedIn group and participate in the interchange with SIG members and other practitioners in the asset dynamics community.
The Asset Dynamics SIG annual meeting takes place at the International Conference of the System Dynamics Society. Please check the schedule of the current conference for further information. The representatives will inform you about all activities and the meeting will elect the leadership team / representatives for the upcoming term (until the next annual meeting).
The activities and current list of Asset Dynamics SIG members will be reported annually to the System Dynamics Society. To maintain its recognition by the Society as an established SIG, a minimum of six System Dynamics Society members must be registered as SIG members on an ongoing basis.
The Asset Dynamics SIG will communicate with the System Dynamics Society Policy Council through written reports submitted to the VP Membership.
Reporting of Asset Dynamics SIG activities and events as well as other matters of interest to the SIG members will be provided through the web site for the SIG. The Society provides the space for this site and provides technical support on an as-needed basis, but the maintenance of its content will be the responsibility of the SIG members.