Title
Use of a future maintenance demand indicator for network level asset management decision making
Author
van Meerveld, H.
Schoenmaker, R.
Wessels, J.F.M.
Bakker, J.
Contributor
Bakker, J. (editor)
Frangopol, D.M. (editor)
van Breugel, K. (editor)
Publication year
2017
Abstract
This paper discusses the development and first testing of a valid, reliable, functional and simple indicator, that represents the long term effect of short term decisions. Such an indicator can assist counteracting short term views in network level asset management decision making. Short-termism or myopia may occur in cases where service level agreements (SLA) are made upon for shorter time frames than the typical lifecycles of transport infrastructure. The developed indicator indicates the “discounted future maintenance demand” (DFMD) for a time period stretching beyond the initial agreement period (expressed in a monetary value). The main assumption here is that the effect of short term decisions are reflected in the future maintenance demand. The indicator was applied in a case using existing data and information sources. Use of the DFMD, together with other (related) indicators provides valuable insight in understanding long term effects of short term decisions.
Subject
2015 Fluid & Solid Mechanics
SR - Structural Reliability
TS - Technical Sciences
Buildings and Infrastructures
Architecture and Building
2015 Urbanisation
Asset management
Life cycle
Maintenance
Data and information
Long-term effects
Maintenance demand
Management decision-making
Monetary value
Network level
Service Level Agreements
Transport infrastructure
Decision making
To reference this document use:
http://resolver.tudelft.nl/uuid:3fcd4771-3255-43cd-82ba-a6c92de91d6d
TNO identifier
762736
Publisher
CRC Press/Balkema
ISBN
9781138028470
Source
5th International Symposium on Life-Cycle Engineering, IALCCE 2016. 16 October 2016 through 20 October 2016, 1716-1723
Document type
conference paper