Life Cycle Investment in the Water Sector – a Case Study

J. Edmundo de-Almeida-e-Pais, Tonny Mendes, Hugo D.N. Raposo, José Torres Farinha, Jorge R.N. Raposo

Resultado de pesquisa

Resumo

Nowadays, it is important to manage physical assets of companies as a way of realizing value in order to ensure their survival, where resources are becoming scarcer, and the global economy is unclear. Purpose: It is strategic to know the expenses related to initial investment and the ones indexed to maintenance and functioning, as well as the profits throughout the asset’s Life Cycle. The objective is that, based on these data, the managers may support decisions aiming to increase value for the assets and from the assets. Realizing the value of assets is the primary goal of asset management, being supported by the Strategic Asset Management Plan (SAMP), which must include a number of activities to achieve this goal. Method: Based on the evaluation between expenses and profits, it was used an econometric model to evaluate the asset’s life cycle. Because each sector is significant in the overall picture, asset management interacts with several areas and needs a clear channel for communication, both inside and outside of the business—part of the SAMP is the Life Cycle. Results: The preceding method was applied in the water distribution industry, where a substantial portion of expenses is attributable to energy use and maintenance, both of which are essential for providing the quality of water delivered to the customer. On the other hand, good water use management must be ensured. The result demonstrated objectively the relation between the water price and the asset’s life cycle. Conclusion: The purpose of this paper is to bring managers new tools to improve life cycle analysis, based on risk and availability. The results are different from what is normally expected, thus resulting that electricity consumption is not as important a factor as the risk factor. This paper presents a case study on the water sector while using the latest econometric models and considering different availability and risk rates.

Idioma originalInglês
Título da publicação do anfitriãoProceedings of the UNIfied Conference of DAMAS, IncoME and TEPEN Conferences (UNIfied 2023) - Volume 1
EditoresAndrew D. Ball, Zuolu Wang, Huajiang Ouyang, Jyoti K. Sinha
EditoraSpringer Science and Business Media B.V.
Páginas701-714
Número de páginas14
ISBN (impresso)9783031494123
DOIs
Estado da publicaçãoPublicadas - 1 jan. 2024
EventoUNIfied Conference of International Workshop on Defence Applications of Multi-Agent Systems, DAMAS 2023, International Conference on Maintenance Engineering, IncoME-V 2023, International conference on the Efficiency and Performance Engineering Network, TEPEN 2023 - Huddersfield
Duração: 29 ago. 20231 set. 2023

Série de publicação

NomeMechanisms and Machine Science
Volume151 MMS
ISSN (impresso)2211-0984
ISSN (eletrónico)2211-0992

Conferência

ConferênciaUNIfied Conference of International Workshop on Defence Applications of Multi-Agent Systems, DAMAS 2023, International Conference on Maintenance Engineering, IncoME-V 2023, International conference on the Efficiency and Performance Engineering Network, TEPEN 2023
País/TerritórioUnited Kingdom
CidadeHuddersfield
Período29/08/231/09/23

Nota bibliográfica

Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.

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