Improving asset management in capital-intensive industries: Case study of a Portuguese water utility

Mariana Casalta, Flávia Barbosa, Luciana Yamada and Lígia B. Ramos

Utilities Policy, 2024, vol. 91, issue C

Abstract: The efficient management of assets delivers value and is essential for achieving service objectives, managing risks, and reducing costs. This paper proposes decision-support methods to help capital-intensive industries manage their assets and optimise their life cycle. Optimisation approaches were developed to support long-term investment planning by maximising the value created and minimising the budget used. Also, the trade-off for both objectives was analysed. Using the proposed models will lead to efficient management of available capital and excellent service delivery. Thus, water companies will fulfil the regulator’s requirements and present well-founded decision-making. This study was applied to a Portuguese water utility.

Keywords: Asset management (AM); Optimisation; Water service (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:91:y:2024:i:c:s0957178724001152

DOI: 10.1016/j.jup.2024.101822

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