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The rise, current position and future direction of asset management in utility industries

Author

Listed:
  • A Brint

    (Sheffield University Management School)

  • J Bridgeman

    (University of Birmingham)

  • M Black

    (CE-Electric UK)

Abstract

Ensuring the fitness for purpose of the UK's utility networks is vital to both the country and the network owners. Replacing these networks would cost many hundreds if not thousands of billions of pounds. As these assets age, high levels of investment are now required to maintain a satisfactory performance level. For example, the annual investment needed for the UK's electricity distribution network is over £1 billion. Hence, efficiently managing these assets is extremely important and ‘asset management’ is the core of the infrastructure companies' businesses. This paper reviews what is meant by the term ‘asset management’ and why it has risen in importance over the last few decades. The current position of asset management modelling is then described before the likely key future developments are considered.

Suggested Citation

  • A Brint & J Bridgeman & M Black, 2009. "The rise, current position and future direction of asset management in utility industries," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(1), pages 106-113, May.
    • Handle: RePEc:pal:jorsoc:v:60:y:2009:i:1:d:10.1057_jors.2008.174
    DOI: 10.1057/jors.2008.174
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    References listed on IDEAS

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    Cited by:

    1. Marc Spiller & Brian McIntosh & Roger Seaton & Paul Jeffrey, 2015. "Integrating Process and Factor Understanding of Environmental Innovation by Water Utilities," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 29(6), pages 1979-1993, April.

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