The rise, current position and future direction of asset management in utility industries

A Brint (), J Bridgeman and M Black
Additional contact information
A Brint: Sheffield University Management School
J Bridgeman: University of Birmingham
M Black: CE-Electric UK

Journal of the Operational Research Society, 2009, vol. 60, issue 1, S106-S113

Abstract: Abstract Ensuring the fitness for purpose of the UK's utility networks is vital to both the country and the network owners. Replacing these networks would cost many hundreds if not thousands of billions of pounds. As these assets age, high levels of investment are now required to maintain a satisfactory performance level. For example, the annual investment needed for the UK's electricity distribution network is over £1 billion. Hence, efficiently managing these assets is extremely important and ‘asset management’ is the core of the infrastructure companies' businesses. This paper reviews what is meant by the term ‘asset management’ and why it has risen in importance over the last few decades. The current position of asset management modelling is then described before the likely key future developments are considered.

Keywords: asset management; water; electricity; distribution networks; replacement (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1057/jors.2008.174 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:jorsoc:v:60:y:2009:i:1:d:10.1057_jors.2008.174

Ordering information: This journal article can be ordered from
http://www.springer. ... search/journal/41274

DOI: 10.1057/jors.2008.174

Access Statistics for this article

Journal of the Operational Research Society is currently edited by Tom Archibald and Jonathan Crook

More articles in Journal of the Operational Research Society from Palgrave Macmillan, The OR Society
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().