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Asset Optimization
An asset management plan (AMP) is a tactical plan for managing an organisation's infrastructure and other assets to deliver an agreed standard of service. Typically, an asset management plan will cover more than a single asset, taking a system approach - especially where a number of assets are co-dependent and are required to work together to deliver an agreed standard of service. The International Infrastructure Management Manual defines an asset management plan as; "a plan developed for the management of one or more infrastructure assets that combines multi-disciplinary management techniques (including technical and financial) over the life cycle of the asset in the most cost effective manner to provide a specific level of service." Objectives Twofold: justification and optimization * Justification - to give visibility of the costs and benefits associated with providing the agreed standard of service. * Optimisation - to minimize the whole-life cost, including the operation, maint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewerage, sewers, electrical grids, and telecommunications (including Internet access, Internet connectivity and Broadband, broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing Commodity, commodities and services essential to enable, sustain, or enhance societal quality of life, living conditions" and maintain the surrounding environment. Especially in light of the massive societal transformations needed to Climate change mitigation, mitigate and Climate change adaptation, adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and gre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Levels Of Service
Levels of service (LOS) is a term in asset management referring to the quality of a given service. Defining and measuring levels of service is a key activity in developing infrastructure asset management plans. Levels of service may be tied to physical performance of assets or be defined via customer expectation and satisfaction. The latter is more service-centric rather than asset-centric. For instance, when measuring the LOS of a road, it could be measured by a physical performance indicator such as Pavement Condition Index (PCI) or by a measure related to customer satisfaction such as the number of complaints per month about that certain road section. Or in the case of traffic level of service, it could be measured by the geometry of road or by travel time of the vehicles, which reflects the quality of traffic flow. So, levels of service can have multiple facets: customer satisfaction, environmental requirements and legal requirements. Technical and strategic levels of serv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chainage
The chain is a unit of length equal to 66 feet (22 yards). It is subdivided into 100 links (PDF) or 4 rods. There are 10 chains in a furlong, and 80 chains in one statute mile. In metric terms, it is 20.1168 m long. By extension, chainage (running distance) is the distance along a curved or straight survey line from a fixed commencing point, as given by an odometer. The chain has been used for several centuries in England and in some other countries influenced by English practice. In the United Kingdom, there were 80 chains to the mile, but until the early nineteenth century the Scottish and Irish customary miles were longer than the statute mile; consequently a Scots chain was about 74 (imperial) feet, an Irish chain 84 feet. These longer chains became obsolete following the adoption of the imperial system of units in 1824. Definition The UK statute chain is 22 yards, which is . This unit is a statute measure in the United Kingdom, defined in the Weights and Measures Act 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Of Service
Infrastructure asset management is the integrated, multidisciplinary set of strategies in sustaining public infrastructure assets such as water treatment facilities, sewer lines, roads, utility grids, bridges, and railways. Generally, the process focuses on the later stages of a facility's life cycle, specifically maintenance, rehabilitation, and replacement. Asset management specifically uses software tools to organize and implement these strategies with the fundamental goal to preserve and extend the service life of long-term infrastructure assets which are vital underlying components in maintaining the quality of life in society and efficiency in the economy.Cagle, R. F. (2003). "Infrastructure Asset Management: An Emerging Direction". ''AACE International Transactions''. In the 21st century, climate change adaptation has become an important part of infrastructure asset management competence. Term Infrastructure asset management is a specific term of asset management focusing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ontario
Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Canada, it is Canada's most populous province, with 38.3 percent of the country's population, and is the second-largest province by total area (after Quebec). Ontario is Canada's fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is Ontario's provincial capital. Ontario is bordered by the province of Manitoba to the west, Hudson Bay and James Bay to the north, and Quebec to the east and northeast, and to the south by the U.S. states of (from west to east) Minnesota, Michigan, Ohio, Pennsylvania, and New York. Almost all of Ontario's border with the United States f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost-effectiveness Analysis
Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of different courses of action. Cost-effectiveness analysis is distinct from cost–benefit analysis, which assigns a monetary value to the measure of effect. Cost-effectiveness analysis is often used in the field of health services, where it may be inappropriate to monetize health effect. Typically the CEA is expressed in terms of a ratio where the denominator is a gain in health from a measure (years of life, premature births averted, sight-years gained) and the numerator is the cost associated with the health gain. The most commonly used outcome measure is quality-adjusted life years (QALY). Cost–utility analysis is similar to cost-effectiveness analysis. Cost-effectiveness analyses are often visualized on a plane consisting of four quadrants, the cost represented on one axis and the effectiveness on the other axis. Cost-effectiveness analysis focuses on m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewerage, sewers, electrical grids, and telecommunications (including Internet access, Internet connectivity and Broadband, broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing Commodity, commodities and services essential to enable, sustain, or enhance societal quality of life, living conditions" and maintain the surrounding environment. Especially in light of the massive societal transformations needed to Climate change mitigation, mitigate and Climate change adaptation, adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and gre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infrastructure Asset Management
Infrastructure asset management is the integrated, multidisciplinary set of strategies in sustaining public infrastructure assets such as water treatment facilities, sewer lines, roads, utility grids, bridges, and railways. Generally, the process focuses on the later stages of a facility's life cycle, specifically maintenance, rehabilitation, and replacement. Asset management specifically uses software tools to organize and implement these strategies with the fundamental goal to preserve and extend the service life of long-term infrastructure assets which are vital underlying components in maintaining the quality of life in society and efficiency in the economy.Cagle, R. F. (2003). "Infrastructure Asset Management: An Emerging Direction". ''AACE International Transactions''. In the 21st century, climate change adaptation has become an important part of infrastructure asset management competence. Term Infrastructure asset management is a specific term of asset management focusing o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Management Plan Period
An asset management plan (AMP) period is a five-year time period used in the English and Welsh water industry. It is used by the Water Services Regulation Authority to set allowable price increases for the privately owned water companies and for the assessment of many key performance indicators such as water quality and customer service. The water companies often align the frameworks they hold with contractors to the AMP periods. Definition The asset management plan period was introduced as a result of the privatisation of the water industry in England and Wales. The AMP periods are linked to the regular price reviews used by the Water Services Regulation Authority (Ofwat) to set the allowable price increase for consumers (known as the k factor). AMP periods are five years in duration and begin on 1 April in years ending in 0 or 5; the current period is AMP 7 (2020-2025). The price reviews are carried out in the year preceding the start of a new AMP (so the AMP 6 price review w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
