An asset replacement strategy based on risk management techniques

This paper discusses the development of an asset replacement strategy based on risk management techniques. The strategy takes into account the criticality of individual assets in the delivery of services, performance and failure histories, and current age and condition to identify and prioritise those assets to be replaced. A subsequent iterative process using the same risk management techniques is also described which refines the asset replacement program over time to achieve a balanced capital works program.

Language

  • English

Media Info

  • Pagination: 277-80
  • Serial:
    • Issue Number: 93/5

Subject/Index Terms

Filing Info

  • Accession Number: 01433832
  • Record Type: Publication
  • Source Agency: ARRB
  • ISBN: 0858255758
  • Files: ATRI
  • Created Date: Aug 24 2012 5:54PM