DocumentCode
602248
Title
Making the business case for asset life extension
Author
Woodhouse, Jim
Author_Institution
TWPL, Kingsclere, UK
fYear
2012
fDate
27-28 Nov. 2012
Firstpage
1
Lastpage
5
Abstract
This paper describes and illustrates one of the processes being developed by the cross-industry SALVO project for the cost/benefit/risk evaluation of options for extending asset life. It represents one part of the SALVO suite of methods for improved financial decision-making in the management of aging assets. In particular it illustrates the optimisation of a periodic maintenance regime (painting) for the purposes of extending asset life, using the example of a steel bridge in London Underground.
Keywords
asset management; bridges (structures); cost-benefit analysis; decision making; durability; financial management; maintenance engineering; risk analysis; structural engineering; London underground; aging assets; asset life extension; asset management; cost-benefit-risk evaluation; cross industry SALVO project; financial decision making; optimisation; painting; periodic maintenance regime; steel bridge; Asset life extension; costlbenefit evaluation; life cycle cost; optimisation; risk-based decisions;
fLanguage
English
Publisher
iet
Conference_Titel
Asset Management Conference 2012, IET & IAM
Conference_Location
London
Electronic_ISBN
978-1-84919-693-2
Type
conf
DOI
10.1049/cp.2012.1900
Filename
6521641
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