“…Similarly defined AM frameworks can be found in the literature; in Wittwer et al (2002), condition assessment and trade-off analysis are included in the basic cycle of an AM framework (physical condition and asset performance as descriptors of the effectiveness of service delivery are often used hand in hand), whereas Dornan (2002) goes into further detail in asset renewal/replacement analysis methods (life-cycle cost, cost-effectiveness analysis or equivalent annual cost) and asset disposal policies. In practice, even though different definitions can be found, an AMS is the combination of engineering and business practices to support decision making at the strategic, network and project levels; in other words, it is a way of doing business by adopting the right procedures to achieve results cost effectively with the limitation of sparse resources (Cambridge Systematics et al, 2006;Godau, 1999).…”