Benchmarking port asset performance

Over the past decade, the complexity of operations in maritime port areas has increased significantly. Considering the challenges ports are facing with the maintenance of aging infrastructures, the need for asset management efficiency within the port industry is imperative. The willingness to ensure continuous improvement has contributed to a...

Untangling decision tree and real options analyses: a public infrastructure case study dealing with political decisions, structural integrity and price uncertainty

Managerial flexibility in infrastructure investment and replacement decisions adds value. Real options analysis (ROA) captures this value under uncertain market prices. The concept of ROA is that future unfavourable payoffs can be deferred as soon as more information about market prices becomes available. The popularity of ROA is seen in a...

A life cycle costing approach for discounting in age and interval replacement optimisation models for civil infrastructure assets

Civil infrastructure assets, such as roads, locks, bridges, treatment plants and storm surge barriers, are often characterised by long service lives and corresponding technical life cycles. When life cycles are long, the time value of money plays a role in asset management decision-making on capital investments and operation and maintenance...

Determining a functional responsibility allocation between public and private parties in a long-term maintenance contract for waterworks

A proper allocation of risks and responsibilities is vital for the success of long-term maintenance contracts. This paper focuses on a method to identify an adequate allocation of responsibilities for the maintenance of waterworks. The Dutch agency recently started outsourcing the maintenance of their waterworks in DBFM contracts. In order to...

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

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...

Common misunderstandings in life cycle costing analyses and how to avoid them

LCC analyses (LCCA) and discounting calculations are applied by public sector organizations in the Netherlands. Still numerous misunderstandings can be recognized. An overview is given of some common misunderstandings found in Life Cycle Costing Analyses. Issues relating to public assets are: the absence of residual value, long life cycles, high...

Setting Targets In An Asset Management Performance Measurement Framework

All asset-intensive organisations have some sort of asset performance targets in place. How legitimate are these targets? Are they achievable given the resources and span of the control of the manager responsible? Are they fair? Is it clear how targets for asset performance measures should be set? Drawing on performance measurement literature...

Towards a line-of-sight, implementation of performance measurement by road agencies: A European and Western Australian perspective

This paper is the result of an international, explorative study of the alignment of government and road authority goals from different European countries and Western Australia. The goal of the study is to advance the understanding of the development of performance management of road agencies. Agencies around the world are using performance...

Setting Asset Performance Targets

Setting targets is a common way for organisations to establish performance expectations. However the validity of targets is challenged when performance is influenced by factors beyond the control of the manager. This project examines the issue of target setting for a single asset performance measure across different geographical areas. The...

Asset planning performance measurement framework

The international asset management standard ISO 55001, introduced in early 2014, outlines the requirement for an effective Asset Management System. Asset Management practitioners are seeking guidance on implementing one of the key requirements of the standard: the “line of sight” between the Corporate, Asset Management objectives and its...

Analysing outsourcing policies in an asset management context: A six-stage model

Asset managers of civil infrastructure are increasingly outsourcing their maintenance. Whereas maintenance is a cyclic process, decisions to outsource decisions are often project-based, and confusing the discussion on the degree of outsourcing. This paper presents a six-stage model that facilitates the top-down discussion for analysing the...

Infrastructure Management: Dynamic control of assets

The infrastructure in the Netherlands is crucial for economic development on a national scale. Dramatic increases of transport and mobility accelerate ageing of infrastructure. The GNP of the Netherlands is strongly related to transport and to the two main ports (Port of Rotterdam and Amsterdam Airport Schiphol). The Netherlands is used to a...

The dynamics of outsourcing maintenance of civil infrastructures in performance based contracts

De ingeslagen weg: Een empirisch onderzoek naar de dynamiek van de uitbesteding van onderhoud in de civiele infrastructuur

Een belangrijke ontwikkeling in het beheer van civiele infrastructuur is de toenemende mate van uitbesteding van onderhoud. Daarbij is een sterke groei zichtbaar in het gebruik van prestatiecontracten. De verwachtingen van de opdrachtgevers zijn hooggespannen: een kleinere eigen organisatie, betere dienstverlening, met lagere kosten, met meer...