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A holistic power systems asset engineering and decision management framework for railway asset managers.

Bruiners, James; Njuguna, James; Agarwal, Abhishek

Authors

Abhishek Agarwal



Abstract

Defining, designing and implementing an asset management system capable of effectively managing assets throughout their life in terms of engineering, financial, digital and stakeholder needs is challenging. Furthermore, governance frameworks of the past have traditionally resulted in 'silo' type asset interventions without considering the total sustainability of system outcomes. In this paper the writers set out a governance framework definition suitable for managing the complex adaptive needs of engineering, financial, digital and stakeholder requirements. In addition, it will set out the components of a framework that can manage complex assemblage of assets by using bottom up aggregation of 'asset realities' and the 'business' or outcomes needs based on stakeholder, socio-economic, technical and or business strategy requirements.

Citation

BRUINERS, J., NJUGUNA, J. and AGARWAL, A. 2022. A holistic power systems asset engineering and decision management framework for railway asset managers. Innovative energy and research [online], 11(9), article 1000303. Available from: https://doi.org/10.4172/2576-1463.1000303

Journal Article Type Article
Acceptance Date Sep 22, 2022
Online Publication Date Sep 29, 2022
Deposit Date Oct 11, 2022
Publicly Available Date Oct 11, 2022
Journal Innovative energy and research
Print ISSN 2576-1463
Publisher OMICS International
Peer Reviewed Peer Reviewed
Volume 11
Issue 9
Article Number 1000303
DOI https://doi.org/10.4172/2576-1463.1000303
Keywords Asset management system; Governance frameworks; Engineering; Financial; Digital; Stakeholder
Public URL https://rgu-repository.worktribe.com/output/1777336

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BRUINERS 2022 A holistic power systems (VOR) (1.1 Mb)
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Publisher Licence URL
https://creativecommons.org/licenses/by/4.0/

Copyright Statement
© 2022 Bruiners J, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.





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