London Underground's Engineering Strategy for Economic and Efficient Management (ESTEEM) Project
Date:
23/09/2010
Time:
1815
-
2000
Event type:
Technical Lecture
Event status:
Active
Venue Address:
The Institution of Mechanical Engineers
1, Birdcage Walk
Westminster
London
SW1H 9JJ
United Kingdom
Speaker:
John Darbyshire
CSF AMR Development Manager
London Underground Ltd.
Description:
JOINT MEETING - GREATER LONDON REGION & RAILWAY DIVISION
As an introduction to his presentation John Darbyshire has given the following summary:
Whilst we could reasonably fix the timing and prices for Civil Assets and Premises new capital programmes, the uncertainty associated with maintenance costs and their timing, has made it difficult to select optimal Whole Life Cost (WLC) investments, or assess the impact of a reduction in budgets on future costs. London Underground has developed a new and innovative approach to this problem by modelling asset degradation (timing to performance loss and boundary condition states), costs, risks and their probabilities for each Maintainable Item (MI) using Baysian statistics. The approach integrates all data sources and WLC models with automated inspection feedback loops and day-to-day user web screens, to provide a comprehensive WLC asset management regime to plan, price, procure and deliver capital and maintenance works.
An independent audit has concluded that, if implemented as planned, ESTEEM would represent a "world best practice" approach to asset management for long lived assets.
Additional Information:
Refreshments from 6.00 pm for meeting start of 6.30 pm
