Skip to main content

Research Repository

See what's under the surface

Advanced Search

Optimising strategy selection for the management of railway assets

Fecarotti, C.; Andrews, J.

Authors

C. Fecarotti

J. Andrews



Abstract

In the railway industry a main concern is how to manage efficiently and effectively the railway assets under budget constraints. Optimal asset management involves decision making and selection of the best inspection, maintenance and renewal interventions for each asset along the network. This paper presents an optimisation method for supporting the decision making process. The method is based on a two-level approach. At a lower level, asset models combining degradation and intervention processes are used in order to evaluate the effects of different intervention strategies on the evolution of the asset state over time. On a system-level, a Knapsack-type optimisation model is developed to selects the optimal combination of intervention strategies to apply to all assets in the network in order to deliver the required level of performance while minimising the whole lifecycle costs.

Publication Date Apr 25, 2017
Peer Reviewed Peer Reviewed
APA6 Citation Fecarotti, C., & Andrews, J. (2017). Optimising strategy selection for the management of railway assets
Copyright Statement Copyright information regarding this work can be found at the following address: http://eprints.nottingh.../end_user_agreement.pdf

Files

Optimising strategy selection for the management of railway assets.pdf (449 Kb)
PDF

Copyright Statement
Copyright information regarding this work can be found at the following address: http://eprints.nottingham.ac.uk/end_user_agreement.pdf





You might also like



Downloadable Citations

;