Pipelines 2018
Fixing the O&M Budget with Asset Management to Create More Capital Debt Capacity for Pipe Projects
Publication: Pipelines 2018: Utility Engineering, Surveying, and Multidisciplinary Topics
ABSTRACT
Infrastructure asset management programs should be focused on managing assets in a way in which the investment for each asset can be optimized producing overall cost savings in both operations and capital budgets. While there is a great amount of evidence of increasing water main breaks and further aging water infrastructure failures an approach looking at each stage of the asset’s life cycle is important in reducing costs, allocating resources effectively, and providing a financial condition where the debt ratio can have a margin necessary to issue debt to support water pipe repair and replacement projects. In order to best take into consideration all of the aspects of determining the likelihood of failure as part of the maintenance and capital repair and replacement programs, machine learning can be used as a desktop condition assessment exercise to increase accuracy in predicting the segments of pipe needing additional investment.
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Information
Published In
Pipelines 2018: Utility Engineering, Surveying, and Multidisciplinary Topics
Pages: 43 - 52
Editors: Christopher C. Macey, AECOM and Jason S. Lueke, Ph.D., Associated Engineering
ISBN (Online): 978-0-7844-8166-0
Copyright
© 2018 American Society of Civil Engineers.
History
Published online: Jul 11, 2018
Published in print: Jul 12, 2018
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