Systems Performance Measurement in the Arctic Using Internet of Things (IoT)

The Arctic has unique and challenging operational conditions with strict regulations and requirement for safety and environment. A study of performance terminologies and standards revels that the performance elements measured such as reliability, maintainability, quality, though important, are not sufficient to describe the performance of a component for the Arctic. Some important elements like those that financial performance and sustainability are absent which, we mean are essential to reflect the performance of a system. This paper attempted to identify the shortcomings in the integrated performance frameworks for the Arctic. Hence, it begins with a review of the literature and evolution of performance measurement systems. Thereafter, the paper will illustrate how the concept of financial performance and sustainability should be integrated in performance measurement and suggest calculating process. Moreover, due to the importance of availability and accuracy of data in calculation of the performance measurement, automated data-collection methods, quality of information being collected and processed are vital. Without available of accurate data, performance measuring can easily lead to a lack of credibility. Various indicators developed by processing raw data and other related information characterize such information. However, considering the high complexity of equipment and dynamicity of working environment collecting and analyzing of such data is a challenging task. It requires a platform to the generation of enormous amounts of data, which have to be stored, processed and presented in an efficient form. This paper will discuss the application of the concept of Internet of thing (IOT) to facilities such process.

Language

  • English

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  • Accession Number: 01749285
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 23 2020 10:30AM