1. Risk-Based Asset Replacement Policy for an Electrical Infrastructure
- Author
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Sanuri Ishak, Sungin Cho, Wan Khairuzzaman Wan Nordin, Alisadikin Muhammad Zainal, Jos Wetzer, and Yogendra Balsubramaniam
- Subjects
Public infrastructure ,Balance (accounting) ,Risk analysis (engineering) ,business.industry ,Key (cryptography) ,Asset management ,Asset (economics) ,Business value ,business ,Risk management ,Reliability (statistics) - Abstract
With the increased demands regarding the reliability, availability, safety and affordability of key public infrastructures, it becomes increasingly challenging for asset owners and managers to achieve a proper balance amongst performance, risk and cost. As a response, operators of critical infrastructures need sound solutions to maximize the value of their assets, meanwhile realizing their business values and objectives. This requires well-defined decision-making processes with an adequate risk management concept embedded.
- Published
- 2020
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