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This paper presents a decision support model for evaluating the economic and environmental performance of alternative maintenance strategies for maximising the service life of old railway infrastructure assets. It combines both economic and environmental criteria to assist asset managers in identifying the optimum maintenance option out of several possible alternatives. The paper elaborates the model...
Effective management of assets is an imperative for any business seeking to optimise shareholder value across the asset's lifecycle. However, failure to adequately maintain assets and failure to optimise the benefits accruing from good asset management leads to assets entering a distressed and potentially unsafe state. With assets nearing the end of their operating life, reduced investment in operating...
In common with most infrastructure organisations, London Underground is under significant pressure to improve the efficiency and effectiveness of its operations and to deliver more for less. Asset management has a major role to play in achieving this. London Underground has been monitoring the unit costs of asset maintenance for almost 10 years. This has provided a rich data set that has enabled asset...
This paper describes the main challenges faced by asset intensive industries on achieving the operational goals related to reliability and maintainability, as well as how to overcome them using a simple yet powerful systematic approach within the framework of the right asset management strategy. In addition, this paper describes several examples of typical outcomes expected when Reliability Programs...
This paper will discuss the impact CBM methodology has contributed to in terms of Tenaga Nasional Berhad (Malaysia) Distribution Division asset reliability performance. It will also look into how this methodology has allowed for decision makers to revaluate maintenance strategy based on asset knowledge collected over the years. There is also a discussion on how asset information collected during CBM...
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