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Whole-Life Value Based Decision Making in Asset Management [CSIC Series]

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  • ISBN-13: 9780727760616
  • Publisher: ICE Publishing
  • Release Date: Jul 11, 2016
  • Pages: 104 pages
  • Dimensions: 0.43 x 6.42 x 9.49 inches

Overview

Whole-Life Value Based Decision Making in Asset Management is a comprehensive guide to improving the effectiveness of infrastructure asset management by determining the level of expenditure on infrastructure assets in order to maximise lifecycle value. Focused specifically on using clear and concise examples, this book provides detailed guidance for making whole-life asset management decisions based on value rather than cost. This best practice guide aims to aid asset management decision makers to better understand the value generated by assets and the risks associated with it in order to make better informed decisions, and to also have a deeper understanding of their decisions impact. Whole-Life Value Based Decision Making in Asset Management: Delivers a systematic method to map the value generation process Supports stakeholders in making asset management decisions Provides guidance to make a decision framework based on value Illustrates its applicability through case studies, including seepage in London Underground tunnels. Part of a series of best practice guides written by experts at the Cambridge Centre for Smart Infrastructure and Construction (CSIC), this value-based tool addresses the challenges of managing current ageing infrastructure by determining the type, level and timing of investment required so that assets can meet current and future demand.

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