Blockchain and Digital Transformation of University Asset Management

As educational activities realize value transmission and value realization through a digital form, the Digital transformation of universities continues to advance. The quantity of asset data continues to grow, with internal value reflected in education, management, and services, while external value is reflected in policies, resources and reputation. Therefore, effective management of university assets is particularly important. Blockchain is an important infrastructure for Digital transformation, which provides a trusted environment for the occurrence of various collaborations and will reshape many collaboration mechanisms. This paper discusses the current situation and problems faced by universities in the process of Digital transformation. We analyze the development opportunities brought about by Digital transformation and the specific problems faced by physical asset management in detail. We discuss the data platform optimization, asset data application, digital asset security, planning strategy, and construction path of digital transformation involved in the physical asset management of universities.

Water System Condition and Asset Replacement Prioritization

The goal of asset management is to identify and track the maintenance and replacement of assets that have reached their useful life. For that reason, gathering data and collecting information is a critical step when developing an asset management plan. Such data gathering includes physical and operational properties of the assets as well as collecting and tracking important events during the lifespan of the asset (i.e., pipe breaks, replacement year, maintenance performed, etc.). Critical factors in the asset management plan may be overlooked when there is no data or poor quality data. However, many utilities lack the resources for examining buried infrastructure and lack good quality work order data, so other methods of data collection are needed. The concept for this paper was to develop a means to acquire data on the assets for a condition assessment to identify pipes that were most likely to break and those with the highest consequences for same. Three utilities were used as examples. It was found that for buried infrastructure, much more information was known than anticipated but the actual predictions relied on only a few factors related to pipe type. However, there is a need to track the consequences, in this case breaks, which would indicate a failure. The latter would be useful for predicting future maintenance needs and the most at-risk assets, but is often missing in utility systems as many utilities do not adequately track breaks sufficiently. In this case two utilities were analyzed and predication on a third was developed.

The Application Mode of Blockchain in University Asset Management

With the development of higher education, the scale of university assets has become more diversified, complex and decentralized. Traditional asset management is inefficient. Information is not transparent and management responsibilities are unclear. This paper analyzes the difficulties in the process of asset management in universities and discusses the advantages of blockchain technology. We research on the application of blockchain technology in the process of asset management in universities and propose a framework design based on blockchain technology to standardize the asset management process. The result improves the efficiency of asset inventory and ensures the credibility of asset information. It helps to prevent asset information tampering, and improves the security of asset data. It also pushes the asset management mode from static to dynamic.

IT Asset Management of Industrial Automation Systems

1. Introduction The installation and administration of large heterogeneous IT infrastructures, for enterprises as well industrial automation systems, are becoming more and more complex and time consuming. The growing number of interconnections between networks, the development of new intelligent IT devices, and increasingly sophisticated computer hard-

Central SOEs and State-owned Assets Management System Witness Great Reform&Development

Since the beginning of 2005, the central SOEs (state-owned enterprises) earnestly carried out and put into effect various strategies and policies as well as work plans of the Central Committee of the Party and the State Council.They kept forging ahead and carved out in an innovative spirit, and made great achievements worth celebrating in their various work.Both sales revenue and total profits of the central SOEs have been growing rapidly and synchronously, and the quality of the stateowned assets have been further improved and appeared a good momentum.……

Investigain:A Productive Asset Management Web Application

The Investigain is a progressive web application to make mutual funds investments through a Systematic Investment Plan.The application utilizes the web’s modern capabilities,such as Asynchronous JavaScript and XML(AJAX),JavaScript,and Hypertext Marker Language(HTML5).The application also uses a powerful relational database management system,such as MySQL,to display asset management information.The application has two portals,one for investors and one for a particular asset manager or asset management company.Each investor has an account in the investor portal.The investor can view his/her profile,current balance,balance history,dividends,the units of mutual funds bought,unit price,the value of each mutual fund,and can pay installments using an embedded online payment gateway.Asset managers can monitor all investments,manage user accounts,and reimburse dividends using the admin portal.This paper also presents the experimental results of using the Investigain application,compares them with existing systems,and details the application’s prospect to improve its socio-economic conditions.The system’s frontend is designed with Bootstrap and jQuery frameworks.The backend is designed using Hypertext Preprocessor(PHP)server-side scripting language.The system demonstrated increased satisfaction from its clients.

Integration of Digital Technologies into Underground Utility Asset Management

Installation, detection, maintenance, mapping, and management of underground utility assets present challenges to owners, engineers and contractors. Industry-wide practices include the use of geophysical and similar technologies to determine depth and location, and 2D as-built plans integrated with GIS databases for information management. The feasibility of incorporating 3D BIM models of the subsurface to replace the 2D plans to improve visualization and data management is examined in this paper. Obtaining an accurate image of the underground infrastructure would help minimize excavation accidents due to equipment-utility collisions and prevent property damage. Further, the inclusion of automated data collection and sharing features realized through BIM technology can enhance operations of smart cities. The research methodology consists of a state-of-the-art review of the current underground utility management systems, combined with statistical analysis of survey responses received from utility providers and one-call centers in the U.S. Three categories of utility practices are identified based on the level of digital technology integration. It is found that a vast majority of utility firms have adopted GIS databases with 2D plans, depth and other asset information, while a smaller percentage of providers have achieved full GIS-BIM integration, incorporating a wide range of asset data. Future progress on broader implementation appears to be constrained by the digital literacy of personnel and high costs of technology acquisition and application. A three-step framework for converting 2D plans to 3D BIM models is also presented and discussed. The process model proposed for this purpose allows the utilization of commercially available software with minimal need for additional coding.

Discussion on Local Asset Management Companies’ Approach to Revitalizing Uncompleted Real Estate Projects: Taking ZS Asset Management Company as an Example

In recent years,with the vigorous development of the real estate market,the price and scale of real estate have been growing explosively year by year.At the same time,the continuous macro-control of the state and the debt of real estate enterprises are both thundering.The high turnover and leverage operation mode is challenged,and uncompleted real estate projects are constantly emerging.Uncompleted residential buildings are considered scars to developers or cities where these projects are located.If this issue can be solved,uncompleted residential building projects can be revitalized,and the parties involved will also benefit from it.Asset management companies play a key role in the revitalization of uncompleted real estate projects by injecting new vitality into these projects and obtaining relevant policy support from the local government for the pain points and difficulties in these projects,thus promoting the revitalization of uncompleted projects.In order to discuss the approach taken by local asset management companies to revitalize uncompleted real estate projects,this paper takes ZS Asset Management Company as an example.

The Separation of Powers from Functions and the Establishment of a New Structure of Management and Operation of State-owned Assets

The development of the socialist market economy demands the furtherintensification of the reform of the management operating system (MOS)of the state-owned assets, the strengthening of the efficiency in the man-agement of state-owned assets,and the improvement of the operating bene-

Analysis of Historic Pavement and Bridge Conditions and Alternative Funding Levels for the Michigan Department of Transportation

In 1997 the Michigan Department of Transportation (MDOT) established an ambitious set of condition targets for its pavements and bridges, and the Department received increased revenue from a 4-cent-per-gallon increase in the state motor fuels tax to help meet its targets. However, over time, actual revenue was less than both what was initially estimated as needed to meet the targets and what was projected from the tax increase. Consequently, actual conditions were projected to fall short of the target levels, so the department issued bonds to address the shortfall through 2012. To support deliberations on future funding, in 2013 MDOT performed an analysis of historic conditions to determine what additional fuel tax revenues would have been required beginning in 1997 to: replace bond revenues used to fund pavement and bridge projects from 1997 to 2012;and enable MDOT to meet its condition targets. The analysis was performed using data on actual pavement and bridge funding and conditions;as well as predicted funding and conditions for different hypothetical increases in fuel taxes. The analysis concluded that, in addition to the actual increase of 4 cents per gallon, a fuel tax increase of another 10 cents per gallon would have been required in 1997 to replace bond revenue used for pavement and bridges and allow MDOT to meet its condition targets. The analysis results were used to help inform the discussion of Michigan’s target asset conditions and funding, and demonstrate application of MDOT’s pavement and bridge management systems for performing historic analyses.

DEVELOPMENT OF THE RISK-BASED MAINTENANCE OPTIMIZATION SYSTEM FOR FOSSIL POWER PLANTS

Cost reduction in electric power generation is a major management concern, and it is therefore necessary to reduce maintenance expenses while upholding plant reliability. A maintenance optimization system 'FREEDOM', which uses RBM technique, DCF (discounted cash flow) and NPV (net present value) calculation functions, has been newly developed. This system probabilistically evaluates the lifetime of boiler and turbine and quantitatively calculates the risk defined as the cumulative probability of failure multiplied by the consequence of failure. Economically optimized timing of inspection and alternative countermeasure such as repair and replacement are then recommended. This system has already been applied to seven plants in Japan, and its effectiveness has been confirmed.

An operational approach to ground control in deep mines

As mines go deeper and get larger,mine designs become more fragile largely due to the response of the rock mass to mining.Ground control and rock support become important levers in the mine construction schedule,production performance,and excavation health.For example,in cave mines,the production footprint together with associated mine infrastructure are significant investments in a modern caving operation.This investment must be protected and maintained to reduce the risk of ground-related production disruptions.It is necessary to preserve the health of these excavations and their maintenance through an effective rock support design.Rock support thus becomes a strategic element in asset management.This article focuses on support design for brittle ground when displacements induced by stress-fracturing consume much of the support’s capacity.It deals with the functionality of the support in deforming ground.Several interlinked concepts are important when assessing excavation health.Designs must not only account for load equilibrium but also for deformation compatibility and capacity consumption.Most importantly,the support’s displacement capacity is being consumed when the rock mass is deformed after support installation.Hence,it is necessary to design for the support capacity remaining at the time when the support is needed.If support capacity can be consumed,it can also be restored by means of preventive support maintenance(PSM).This concept for cost-effective ground control is introduced and illustrated on operational evidence.Furthermore,how design can impact construction costs and schedule are discussed.Support is installed to provide a safe environment and preserve an operationally functional excavation.It also must assure senior management that investments in high quality support and its maintenance will substantially reduce delays and with it,costs.It is demonstrated that the use of‘gabion-like’support systems can achieve these goals.A technical summary of the‘gabion panel’support system design is presented.

A Probabilistic Approach to the Evaluation of Seismic Resilience in Road Asset Management

Road networks are classified as critical infrastructure systems.Their loss of functionality not only hinders residential and commercial activities,but also compromises evacuation and rescue after disasters.Dealing with risks to key strategic objectives is not new to asset management,and risk management is considered one of the core elements of asset management.Risk analysis has recently focused on understanding and designing strategies for resilience,especially in the case of seismic events that present a significant hazard to highway transportation networks.Following a review of risk and resilience concepts and metrics,an innovative methodology to stochastically assess the economic resources needed to restore damaged infrastructures,one that is a relevant and complementary element within a wider resilience-based framework,is proposed.The original methodology is based on collecting and analyzing ex post reconstruction and hazard data and was calibrated on data measured during the earthquake that struck central Italy in 2016 and collected in the following recovery phase.Although further improvements are needed,the proposed approach can be used effectively by road managers to provide useful information in developing seismic retrofitting plans.

State of the Art and Emerging Trends in Operations and Maintenance of Offshore Oil and Gas Production Facilities:Some Experiences and Observations

Plant maintenance has been a discipline that has gradually evolved with the industrial revolution. For quite some time, it has been a ＂necessary evil＂ in production, manufacturing, and process settings. The changing business needs and industrial conditions have had various impacts on the maintenance process, particularly over the last few years. While some industries have inherent difficulties seeing what maintenance is all about, others have begun to add more flavor to the organizational maintenance practices. This article brings an overview of developments within the offshore oil and gas production sector.

Developing institutional repositories network:Taking IR Grid at Chinese Academy of Sciences as an example

This paper introduces the current practice of building a network of institutional repositories(IRs) at Chinese Academy of Sciences(CAS), which is named CAS IR Grid.National Science Library(NSL) of CAS plays a leading role in the construction, promotion and implementation of CAS IR Grid. It aims to promote each institute of CAS to build IR of its own, and finally form the IR network of CAS institutes. NSL's experience is introduced in coordinating and supporting institutes' building of their respective IRs and promoting IR services by adopting collaborative and progressive development strategies. Achievements made during the development of CAS IR Grid are described and challenges for its future development are discussed. The authors aim to provide best practices for developing a network of institutional repositories in research institute settings, which can serve as a practical reference to other institutions engaged in the similar task.

Analysis on Supervision of the Internet Finance: A Case Study of Yu Ebao

By taking the hottest topic Internet financial product—Yu Ebao as an example,an in-depth analysis is made on its innovation and comparative advantages in this paper. Based on this,combing and sorting out the current related disputes regarding Yu Ebao supervision,putting forward views with evidence,clear requirement is made upon the attitudes towards supervision over Yu Ebao viewing from commercial banks and supervision aspects.

Web-based construction equipment fleet management system: cost-effective global and local allocation

Over the last two decades, construction contractors have been gradually making more investments in construction equipment to meet their needs associated with increasing volumes of construction projects. At present,from an operational perspective, almost all contractors pay more attention to maintaining their equipment fleets in well-sustained workable conditions and having a high accessibility of the necessary equipment pieces. However,such an approach alone is not enough to maintain an efficient and sustainable business. In particular, for largescale construction companies that operate in multiple sites in the U.S. or overseas, the problem extends to an optimal allocation of available equipment. Given the current state of the construction industry in the U.S., this problem can be solved by geographically locating equipment pieces and then wisely re-allocating them among projects. Identifying equipment pieces geographically is a relatively easy task.The difficulty arises when informed decision-making is required for equipment allocation among job sites. The actual allocation of equipment should be both economically feasible and technologically preferable. To help in informed decision-making, an optimization model is developed as a mixed integer program. This model is formed based on a previously successfully developed decision-support model for construction equipment selection. The proposed model incorporates logical strategies of supply chain management to optimally select construction equipment for any construction site while taking into account the costs, availability, and transportation-relatedissues as constraints. The model benefits those responsible for informed decision-making for construction equipment selection and allocation. It also benefits the owners of construction companies, owing to its cost-minimization objective.

The Future of Quasi Emission Control Enterprises in a Low-Carbon Economy

At 9:30 a.m.on July 16,2021,the national carbon emission trading market started operation at Shanghai Environment and Energy Exchange.On the first day,the carbon emission quota totaled 4.244 million tons,with a turnover of 210 million yuan and an average transaction price of 51.23 yuan/ton.The carbon trading price is on the rise.With the gradual maturity and improvement of conditions,there will be about 8,000 to 10,000 emission control enterprises under the eight major industries in the future,and China’s carbon market will become the largest market covering greenhouse gas emissions worldwide.It can be seen that carbon trading is a“big deal.”If enterprises participate well,they will form carbon assets,but if they do not participate well,they will form carbon liabilities.This paper analyzes the opportunities and challenges faced by quasi emission control enterprises under the background of low-carbon economy.This provides certain reference significance for these enterprises to actively participate in the national carbon trading market in the future.

Industrial IoT Based Condition Monitoring for Wind Energy Conversion System

Wind energy has been identified as the second dominating source in the world renewable energy generation after hydropower.Conversion and distribution of wind energy has brought technology revolution by developing the advanced wind energy conversion system(WECS)including multilevel inverters(MLIs).The conventional rectifier produces ripples in their output waveforms while the MLI suffers from voltage balancing issues across the DC-link capacitor.This paper proposes a simplified proportional integral(PI)-based space vector pulse width modulation(SVPWM)to minimize the output waveform ripples,resolve the voltage balancing issue and produce better-quality output waveforms.WECS experiences various types of faults particularly in the DC-link capacitor and switching devices of the power converter.These faults,if not detected and rectified at an early stage,may lead to catastrophic failures to the WECS and continuity of the power supply.This paper proposes a new algorithm embedded in the proposed PI-based SVPWM controller to identify the fault location in the power converter in real time.Since most wind power plants are located in remote areas or offshore,WECS condition monitoring needs to be developed over the internet of things(IoT)to ensure system reliability.In this paper,an industrial IoT algorithm with an associated hardware prototype is proposed to monitor the condition of WECS in the real-time environment.