Modeling Management Strategies to Optimize Expenditure and Investment Programs

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Abstract:

A key challenge faced by utilities in managing their infrastructure is the need to confidently determine short and long term asset investment requirements without getting buried in the detail or waylaid by the poor quality of data, for thousands of individual assets. The paper will discuss an approach using management strategies to simplify the management effort, appropriately model short and long term future investment needs for all assets, result in improved confidence in the quality and confidence of the analysis, - even in situations of limited data - and enhance improved capital improvement program programming. It presents the benefits, implications, and applicability of using management strategies as described by the implementation for the City of Portland Water Bureau on the development of their future investment needs.

Keywords: Future Investment Needs; Optimized Decision Making (ODM); Strategic Planning; Strategy, Renewal

Document Type: Research Article

DOI: http://dx.doi.org/10.2175/193864710798170928

Publication date: January 1, 2010

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  • Proceedings of the Water Environment Federation is an archive of papers published in the proceedings of the annual Water Environment Federation® Technical Exhibition and Conference (WEFTEC® ) and specialty conferences held since the year 2000. These proceedings are not peer reviewed.

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