Researchers from the Distributed Information and Automation Laboratory Raj Srinivasan and Ajith Parlikad had a new book, Whole-life Value-Based Decision-Making in Asset Management, published by the Institute of Civil Engineers (ICE).

 

It is a comprehensive guide to improving the effectiveness of infrastructure asset management by determining the level of expenditure on infrastructure assets in order to maximise life-cycle value.

 

Using clear and concise examples, this book provides detailed guidance for making whole-life asset management decisions based on value rather than cost. It aims to help asset management decision-makers better understand the value generated by assets and the risks associated with this in order to make more informed decisions, and to also have a deeper understanding of the impact of their decision.