2020
DOI: 10.1016/j.strusafe.2019.101916
|View full text |Cite
|
Sign up to set email alerts
|

The value of flexibility and sequential decision-making in maintenance strategies of infrastructure systems

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1

Citation Types

0
2
0

Year Published

2020
2020
2024
2024

Publication Types

Select...
6
1
1

Relationship

0
8

Authors

Journals

citations
Cited by 14 publications
(3 citation statements)
references
References 21 publications
0
2
0
Order By: Relevance
“…In its essence, damage diagnostics and the subsequent planning of required maintenance is an optimization problem that must find a sufficient balance between the cost of maintenance and the required level of safety of the tunnel. Different strategies to optimize maintenance are presented in the literature, see, e.g., Ai and Yuan [ 76 ], Baji et al [ 77 ], and Zuluaga and Sánches-Silva [ 78 ]. Regardless of the methodology used, the problem is determining suitable threshold values for the observed damage to decide if any countermeasures need to be taken or if the damaged section does not impact the structural stability or safety and can be ignored.…”
Section: Assessment Of the Safety Of Damaged Concrete Liningsmentioning
confidence: 99%
“…In its essence, damage diagnostics and the subsequent planning of required maintenance is an optimization problem that must find a sufficient balance between the cost of maintenance and the required level of safety of the tunnel. Different strategies to optimize maintenance are presented in the literature, see, e.g., Ai and Yuan [ 76 ], Baji et al [ 77 ], and Zuluaga and Sánches-Silva [ 78 ]. Regardless of the methodology used, the problem is determining suitable threshold values for the observed damage to decide if any countermeasures need to be taken or if the damaged section does not impact the structural stability or safety and can be ignored.…”
Section: Assessment Of the Safety Of Damaged Concrete Liningsmentioning
confidence: 99%
“…Over the past few years, there have been quite a few interesting studies that examined the value of flexibilities embedded in the sequential decision-making process of maintenance and rehabilitation along a given analysis horizon. These include, for example, Swei et al (2019), van den Boomen, Spaan, Shang, and Wolfert (2020), and Zuluaga and Sánchez-Silva (2020). Different from the previous real options studies, these studies commonly adopted dynamic programming to address the sequential decision-making issue.…”
Section: Valuation Of Maintenance Flexibilitiesmentioning
confidence: 99%
“…Current large-scale infrastructure projects are experiencing major delays, cost overruns, and inefficiency [10]. Zuluaga pointed out that flexibility in decision-making was important in infrastructure development [11]. Therefore, there is an urgent need to find an effective method to guide the development of NIs.…”
Section: Introductionmentioning
confidence: 99%