2016
DOI: 10.1049/iet-its.2015.0030
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Railway infrastructure asset management: the whole‐system life cost analysis

Abstract: Delivering the railway infrastructure whose functionality is sustainable and uncompromised in terms of safety and availability under ever decreasing budget constraints is a great challenge. The successful accomplishment of this task relies on the effective management of individual assets within a wider whole system perspective. This is a highly complex decision making task where mathematical models are required to enable well informed choices.In this paper a novel modelling framework is proposed for performing… Show more

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Cited by 22 publications
(12 citation statements)
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“…Risk assessment techniques such as Monte Carlo simulations, Bayesian, Fuzzy logic and Petri nets are recommended to deal with such uncertainties (Rama & Andrews, 2016;Sasidharan & Torbaghan, 2020;Zhang & Wang, 2014). Majority of these techniques use historical data and probability judgements, and conclusions on the acceptability of the solutions are often made directly based on derived probabilities and confidence levels.…”
Section: Uncertaintiesmentioning
confidence: 99%
“…Risk assessment techniques such as Monte Carlo simulations, Bayesian, Fuzzy logic and Petri nets are recommended to deal with such uncertainties (Rama & Andrews, 2016;Sasidharan & Torbaghan, 2020;Zhang & Wang, 2014). Majority of these techniques use historical data and probability judgements, and conclusions on the acceptability of the solutions are often made directly based on derived probabilities and confidence levels.…”
Section: Uncertaintiesmentioning
confidence: 99%
“…In the rail sector, works deal with the introduction of sustainability concepts in asset management, applying a whole-system life cost analysis [12][13][14].…”
Section: Literature Reviewmentioning
confidence: 99%
“…A framework for modelling railway infrastructure reliability, based on the hierarchical representation of the railway network, was presented by Rama and Andrews [8], [35]. The model allows performance analysis to be conducted at varying levels of detail, ranging from an individual maintainable item to large multi-asset networks.…”
Section: Modelling Railway Infrastructure Reliabilitymentioning
confidence: 99%
“…This presents challenges in defining the correct functional and operational configuration required to model the lifecycle performance of infrastructure systems. The benefits of prioritising, categorising, and improving intervention activities among the different infrastructure asset groups vary from improved infrastructure reliability performance to a reduction in operational and maintenance expenditures [8]. To improve the reliability performance of railway infrastructure systems effectively requires a whole-systems approach to railway infrastructure reliability modelling.…”
Section: Introductionmentioning
confidence: 99%