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dc.contributor.authorAdams, J
dc.contributor.authorParlikad, AKN
dc.contributor.authorAmadi-Echendu, J
dc.date.accessioned2017-05-26T09:23:15Z
dc.date.available2017-05-26T09:23:15Z
dc.date.issued2017-08-02
dc.identifier.isbn9783319957104
dc.identifier.issn2195-4356
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/264447
dc.description.abstractIncreasing budgetary constraints have raised the hiatus for allocation of funding and prioritisation of investments to ensure that long established and new assets are in the condition to provide uninterrupted services towards progressive economic and social activities. Whereas a key challenge remains how to allocate resources to adequately maintain infrastructure and equipment, however, both traditional and conventional practices indicate that decisions to refurbish, replace, renovate, or upgrade infrastructure and/or equipment tend to be based on negativistic perceptions of criticality from the viewpoint of risk. For instance, failure modes, failure effects, and criticality analyses is well established and continues to be applied to resolve reliability and safety requirements for infrastructure and equipment. Based on a bibliographic review, this paper discusses trends in meaning, techniques and usage of the term ‘criticality’ in the management of engineered assets that constitute the built environment. In advocating the value doctrine for asset management, the paper proposes a positivistic application of criticality towards prioritisation of decisions to invest in the maintenance of infrastructure and equipment.
dc.description.sponsorshipThe research work was performed within the context of SustainOwner ("Sustainable Design and Management of Industrial Assets through Total Value and Cost of Ownership"), a project sponsored by the EU Framework Programme Horizon 2020, MSCA-RISE-2014: Marie Skłodowska-Curie Research and Innovation Staff Exchange (RISE) (grant agreement number 645733 — Sustain-Owner — H2020-MSCA-RISE-2014)
dc.language.isoen
dc.publisherSpringer
dc.subjectcriticality trends
dc.subjectvalue doctrine
dc.subjectinvestment prioritisation
dc.subjectinfrastructure and equipment maintenance
dc.titleA bibliographic review of trends in the application of ‘criticality’ towards the management of engineered assets
dc.typeConference Object
prism.endingPage21
prism.publicationDate2017
prism.publicationNameProceedings of the 12th World Congress on Engineering Asset Management (WCEAM 2017): Asset Intelligence through Integration and Interoperability: from Research to Industry
prism.startingPage11
dc.identifier.doi10.17863/CAM.9576
dcterms.dateAccepted2017-03-27
rioxxterms.versionofrecord10.1007/978-3-319-95711-1_2
rioxxterms.versionAM
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserved
rioxxterms.licenseref.startdate2017-08-02
dc.contributor.orcidParlikad, Ajith [0000-0001-6214-1739]
dc.identifier.eissn2195-4364
dc.publisher.urlhttps://link.springer.com/chapter/10.1007%2F978-3-319-95711-1_2
rioxxterms.typeConference Paper/Proceeding/Abstract
pubs.funder-project-idEuropean Commission Horizon 2020 (H2020) Marie Sk?odowska-Curie actions (645733)
pubs.funder-project-idEuropean Commission Horizon 2020 (H2020) Marie Sk?odowska-Curie actions (645733)
pubs.funder-project-idEngineering and Physical Sciences Research Council (EP/K000314/1)
pubs.funder-project-idEngineering and Physical Sciences Research Council (EP/L010917/1)
pubs.funder-project-idEngineering and Physical Sciences Research Council (EP/I019308/1)
pubs.funder-project-idEngineering and Physical Sciences Research Council (EP/N021614/1)
cam.issuedOnline2018-11-12
dc.identifier.urlhttps://link.springer.com/chapter/10.1007%2F978-3-319-95711-1_2
pubs.conference-nameWorld Congress on Engineering Asset Management
pubs.conference-start-date2017-08-02
cam.orpheus.successThu Nov 05 11:57:24 GMT 2020 - Embargo updated
pubs.conference-finish-date2017-08-04
rioxxterms.freetoread.startdate2018-08-02


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