Measuring the Benefits of Implementing Asset Management Systems and Tools

Measuring the Benefits of Implementing Asset Management Systems and Tools

Author: Sue McNeil

Publisher:

Published: 2008

Total Pages: 380

ISBN-13:

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Although transportation agencies in the U.S. have been developing Asset Management Systems (AMS) for specific types of infrastructure assets, there are several barriers to the implementation of AMS. This paper documents the development of a generic methodology for quantifying the benefits derived from implementation of AMS and justifying investment in AMS implementation. The generic methodology involves three analysis methods: descriptive analysis, regression analysis, and benefit-cost analysis. This paper demonstrates how the methodology can be applied to evaluate the implementation of a pavement management system in terms of efficacy, effectiveness, and efficiency (3Es).


Book Synopsis Measuring the Benefits of Implementing Asset Management Systems and Tools by : Sue McNeil

Download or read book Measuring the Benefits of Implementing Asset Management Systems and Tools written by Sue McNeil and published by . This book was released on 2008 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although transportation agencies in the U.S. have been developing Asset Management Systems (AMS) for specific types of infrastructure assets, there are several barriers to the implementation of AMS. This paper documents the development of a generic methodology for quantifying the benefits derived from implementation of AMS and justifying investment in AMS implementation. The generic methodology involves three analysis methods: descriptive analysis, regression analysis, and benefit-cost analysis. This paper demonstrates how the methodology can be applied to evaluate the implementation of a pavement management system in terms of efficacy, effectiveness, and efficiency (3Es).


Road Transport and Intermodal Linkages Research Programme Asset Management for the Roads Sector

Road Transport and Intermodal Linkages Research Programme Asset Management for the Roads Sector

Author: OECD

Publisher: OECD Publishing

Published: 2001-07-06

Total Pages: 88

ISBN-13: 9264193200

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This report examines the requirements of asset management systems, the integration of existing component systems into a comprehensive approach to asset management, the incorporation of a business-like approach, performance monitoring and the implementation of such systems.


Book Synopsis Road Transport and Intermodal Linkages Research Programme Asset Management for the Roads Sector by : OECD

Download or read book Road Transport and Intermodal Linkages Research Programme Asset Management for the Roads Sector written by OECD and published by OECD Publishing. This book was released on 2001-07-06 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the requirements of asset management systems, the integration of existing component systems into a comprehensive approach to asset management, the incorporation of a business-like approach, performance monitoring and the implementation of such systems.


Pavement Asset Management

Pavement Asset Management

Author: Ralph Haas

Publisher: John Wiley & Sons

Published: 2015-04-30

Total Pages: 432

ISBN-13: 1119038839

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Comprehensive and practical, Pavement Asset Management provides an essential resource for educators, students and those in public agencies and consultancies who are directly responsible for managing road and airport pavements. The book is comprehensive in the integration of activities that go into having safe and cost-effective pavements using the best technologies and management processes available. This is accomplished in seven major parts, and 42 component chapters, ranging from the evolution of pavement management to date requirements to determining needs and priority programming of rehabilitation and maintenance, followed by structural design and economic analysis, implementation of pavement management systems, basic features of working systems and finally by a part on looking ahead. The most current methodologies and practical applications of managing pavements are described in this one-of-a-kind book. Real world up-to-date examples are provided, as well as an extensive list of references for each part.


Book Synopsis Pavement Asset Management by : Ralph Haas

Download or read book Pavement Asset Management written by Ralph Haas and published by John Wiley & Sons. This book was released on 2015-04-30 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensive and practical, Pavement Asset Management provides an essential resource for educators, students and those in public agencies and consultancies who are directly responsible for managing road and airport pavements. The book is comprehensive in the integration of activities that go into having safe and cost-effective pavements using the best technologies and management processes available. This is accomplished in seven major parts, and 42 component chapters, ranging from the evolution of pavement management to date requirements to determining needs and priority programming of rehabilitation and maintenance, followed by structural design and economic analysis, implementation of pavement management systems, basic features of working systems and finally by a part on looking ahead. The most current methodologies and practical applications of managing pavements are described in this one-of-a-kind book. Real world up-to-date examples are provided, as well as an extensive list of references for each part.


Asset Management: Tools And Issues

Asset Management: Tools And Issues

Author: Frank J Fabozzi

Publisher: World Scientific

Published: 2020-12-02

Total Pages: 514

ISBN-13: 9811225761

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Long gone are the times when investors could make decisions based on intuition. Modern asset management draws on a wide-range of fields beyond financial theory: economics, financial accounting, econometrics/statistics, management science, operations research (optimization and Monte Carlo simulation), and more recently, data science (Big Data, machine learning, and artificial intelligence). The challenge in writing an institutional asset management book is that when tools from these different fields are applied in an investment strategy or an analytical framework for valuing securities, it is assumed that the reader is familiar with the fundamentals of these fields. Attempting to explain strategies and analytical concepts while also providing a primer on the tools from other fields is not the most effective way of describing the asset management process. Moreover, while an increasing number of investment models have been proposed in the asset management literature, there are challenges and issues in implementing these models. This book provides a description of the tools used in asset management as well as a more in-depth explanation of specialized topics and issues covered in the companion book, Fundamentals of Institutional Asset Management. The topics covered include the asset management business and its challenges, the basics of financial accounting, securitization technology, analytical tools (financial econometrics, Monte Carlo simulation, optimization models, and machine learning), alternative risk measures for asset allocation, securities finance, implementing quantitative research, quantitative equity strategies, transaction costs, multifactor models applied to equity and bond portfolio management, and backtesting methodologies. This pedagogic approach exposes the reader to the set of interdisciplinary tools that modern asset managers require in order to extract profits from data and processes.


Book Synopsis Asset Management: Tools And Issues by : Frank J Fabozzi

Download or read book Asset Management: Tools And Issues written by Frank J Fabozzi and published by World Scientific. This book was released on 2020-12-02 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Long gone are the times when investors could make decisions based on intuition. Modern asset management draws on a wide-range of fields beyond financial theory: economics, financial accounting, econometrics/statistics, management science, operations research (optimization and Monte Carlo simulation), and more recently, data science (Big Data, machine learning, and artificial intelligence). The challenge in writing an institutional asset management book is that when tools from these different fields are applied in an investment strategy or an analytical framework for valuing securities, it is assumed that the reader is familiar with the fundamentals of these fields. Attempting to explain strategies and analytical concepts while also providing a primer on the tools from other fields is not the most effective way of describing the asset management process. Moreover, while an increasing number of investment models have been proposed in the asset management literature, there are challenges and issues in implementing these models. This book provides a description of the tools used in asset management as well as a more in-depth explanation of specialized topics and issues covered in the companion book, Fundamentals of Institutional Asset Management. The topics covered include the asset management business and its challenges, the basics of financial accounting, securitization technology, analytical tools (financial econometrics, Monte Carlo simulation, optimization models, and machine learning), alternative risk measures for asset allocation, securities finance, implementing quantitative research, quantitative equity strategies, transaction costs, multifactor models applied to equity and bond portfolio management, and backtesting methodologies. This pedagogic approach exposes the reader to the set of interdisciplinary tools that modern asset managers require in order to extract profits from data and processes.


The Handbook of Highway Engineering

The Handbook of Highway Engineering

Author: T.F. Fwa

Publisher: CRC Press

Published: 2005-09-28

Total Pages: 886

ISBN-13: 1420039504

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Modern highway engineering reflects an integrated view of a road system's entire lifecycle, including any potential environmental impacts, and seeks to develop a sustainable infrastructure through careful planning and active management. This trend is not limited to developed nations, but is recognized across the globe. Edited by renowned authority


Book Synopsis The Handbook of Highway Engineering by : T.F. Fwa

Download or read book The Handbook of Highway Engineering written by T.F. Fwa and published by CRC Press. This book was released on 2005-09-28 with total page 886 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern highway engineering reflects an integrated view of a road system's entire lifecycle, including any potential environmental impacts, and seeks to develop a sustainable infrastructure through careful planning and active management. This trend is not limited to developed nations, but is recognized across the globe. Edited by renowned authority


An Asset-management Framework for the Interstate Highway System

An Asset-management Framework for the Interstate Highway System

Author:

Publisher: Transportation Research Board

Published: 2009

Total Pages: 82

ISBN-13: 0309117755

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Explores a framework for applying asset-management principles and practices to managing Interstate Highway System investments.


Book Synopsis An Asset-management Framework for the Interstate Highway System by :

Download or read book An Asset-management Framework for the Interstate Highway System written by and published by Transportation Research Board. This book was released on 2009 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores a framework for applying asset-management principles and practices to managing Interstate Highway System investments.


AASHTO Transportation Asset Management Guide

AASHTO Transportation Asset Management Guide

Author: American Association of State Highway and Transportation Officials

Publisher: AASHTO

Published: 2011

Total Pages: 458

ISBN-13: 156051499X

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Aims to encourage transportation agencies to address strategic questions as they confront the task of managing the surface transportation system. Drawn form both national and international knowledge and experience, it provides guidance to State Department of Transportation (DOT) decision makers, as well as county and municipal transportation agencies, to assist them in realizing the most from financial resources now and into the future, preserving highway assets, and providing the service expected by customers. Divided into two parts, Part one focuses on leadership and goal and objective setintg, while Part two is more technically oriented. Appendices include work sheets and case studies.


Book Synopsis AASHTO Transportation Asset Management Guide by : American Association of State Highway and Transportation Officials

Download or read book AASHTO Transportation Asset Management Guide written by American Association of State Highway and Transportation Officials and published by AASHTO. This book was released on 2011 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aims to encourage transportation agencies to address strategic questions as they confront the task of managing the surface transportation system. Drawn form both national and international knowledge and experience, it provides guidance to State Department of Transportation (DOT) decision makers, as well as county and municipal transportation agencies, to assist them in realizing the most from financial resources now and into the future, preserving highway assets, and providing the service expected by customers. Divided into two parts, Part one focuses on leadership and goal and objective setintg, while Part two is more technically oriented. Appendices include work sheets and case studies.


Engineering Asset Management

Engineering Asset Management

Author: Dimitris Kiritsis

Publisher: Springer Science & Business Media

Published: 2011-02-03

Total Pages: 800

ISBN-13: 0857293206

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Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management.


Book Synopsis Engineering Asset Management by : Dimitris Kiritsis

Download or read book Engineering Asset Management written by Dimitris Kiritsis and published by Springer Science & Business Media. This book was released on 2011-02-03 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management.


Best Practices for Linking Strategic Goals to Resource Allocation and Implementation Decisions Using Elements of a Transportation Asset Management Program

Best Practices for Linking Strategic Goals to Resource Allocation and Implementation Decisions Using Elements of a Transportation Asset Management Program

Author:

Publisher:

Published: 2004

Total Pages: 274

ISBN-13:

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The research described in this report assembles a set of tools based on experiences and best practices in a diverse set of states for linking strategic goals to resource allocation and implementation decisions using aspects of asset management. A survey of practices in each of the state DOT's that explores documents and synthesizes both strategic planning processes and asset management was conducted. With input from an expert advisory panel, five states were for detailed analysis. These are Florida, Maryland, Michigan, Montana and Pennsylvania. The model process that results does not represent any particular state, but incorporates elements from all five states. This model process can provide useful guidance to states interested in augmenting their existing process.


Book Synopsis Best Practices for Linking Strategic Goals to Resource Allocation and Implementation Decisions Using Elements of a Transportation Asset Management Program by :

Download or read book Best Practices for Linking Strategic Goals to Resource Allocation and Implementation Decisions Using Elements of a Transportation Asset Management Program written by and published by . This book was released on 2004 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research described in this report assembles a set of tools based on experiences and best practices in a diverse set of states for linking strategic goals to resource allocation and implementation decisions using aspects of asset management. A survey of practices in each of the state DOT's that explores documents and synthesizes both strategic planning processes and asset management was conducted. With input from an expert advisory panel, five states were for detailed analysis. These are Florida, Maryland, Michigan, Montana and Pennsylvania. The model process that results does not represent any particular state, but incorporates elements from all five states. This model process can provide useful guidance to states interested in augmenting their existing process.


Performance Measures and Targets for Transportation Asset Management

Performance Measures and Targets for Transportation Asset Management

Author: Cambridge Systematics

Publisher: Transportation Research Board

Published: 2006

Total Pages: 181

ISBN-13: 0309098475

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Book Synopsis Performance Measures and Targets for Transportation Asset Management by : Cambridge Systematics

Download or read book Performance Measures and Targets for Transportation Asset Management written by Cambridge Systematics and published by Transportation Research Board. This book was released on 2006 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: