Use of a future maintenance demand indicator for network level asset management decision making

H. van Meerveld, Rob Schoenmaker, J.F.M. Wessels, J. Wessels

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

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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.
Original languageEnglish
Title of host publicationProceedings of the 5th International Symposium on Life-Cycle Civil Engineering
Subtitle of host publicationIALCCE 2016, Life-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure, Delft, The Netherlands
EditorsJaap Bakker, Dan M. Frangopol, Klaas van Breugel
PublisherTaylor & Francis
Pages1716-1723
ISBN (Print)978-1-138-02847-0
Publication statusPublished - 2017
Event5th International Symposium on Life-Cycle Engineering: Life-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure - Delft, Netherlands
Duration: 16 Oct 201620 Oct 2016
Conference number: 5
http://www.ialcce2016.org/

Publication series

NameLife-Cycle of Civil Engineering Systems
PublisherCRC Press

Conference

Conference5th International Symposium on Life-Cycle Engineering
Abbreviated title IALCCE 2016
CountryNetherlands
CityDelft
Period16/10/1620/10/16
Internet address

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