The New Approach to Railway Asset Management in Finland

2013 ◽  
Author(s):  
A. Kalliokoski ◽  
V. M�nnist�
Keyword(s):  
Asset Management ◽  
New Approach

scholarly journals A new approach for satisfactory pensions with no guarantees

2019 ◽  
Vol 10 (1) ◽  
pp. 3-21
Author(s):  
M. Carmen Boado-Penas ◽  
Julia Eisenberg ◽  
Axel Helmert ◽  
Paul Krühner
Keyword(s):  
Risk Management ◽  
Interest Rates ◽  
Asset Management ◽  
Expected Return ◽  
New Approach ◽  
Low Interest Rates ◽  
Key Variables ◽  
Pension Benefits ◽  
Pension Payments ◽  
Over Time

AbstractThe increase in longevity, the ultra-low interest rates and the guarantees associated to pension benefits have put significant strain on the pension industry. Consequently, insurers need to be in a financially sound position while offering satisfactory benefits to participants. In this paper, we propose a pension design that goes beyond the idea of annuity pools and unit-linked insurance products. The purpose is to replace traditional guarantees with low volatility, mainly achieved by collective smoothing algorithms and an adequate asset management. With the aim of offering security to the insured, we discuss the optimisation of some key variables of the proposed pension product to target both a satisfactory level of the initial pension and stable pension payments over time. By combining such well-known products as unit-linked and annuities, we show that it is possible to design a pension product with both high-expected return and low risk for the policyholder. However, differently than in the classical unit-linked framework, we do not allow the individuals to choose the underlying funds. Instead, the funds are under the surveillance of an insurance company’s professional risk management, which induces better informed decisions.

Dynamic least-cost optimisation of wastewater system remedial works requirements

2006 ◽  
Vol 54 (6-7) ◽  
pp. 467-475 ◽  
Author(s):  
Z. Vojinovic ◽  
D. Solomatine ◽  
R.K. Price
Keyword(s):  
Network Model ◽  
Asset Management ◽  
Random Search ◽  
Water Supply Systems ◽  
Pipe Network ◽  
New Approach ◽  
Wastewater Systems ◽  
Water Companies ◽  
Supply Systems ◽  
Optimal Set

In recent years, there has been increasing concern for wastewater system failure and identification of optimal set of remedial works requirements. So far, several methodologies have been developed and applied in asset management activities by various water companies worldwide, but often with limited success. In order to fill the gap, there are several research projects that have been undertaken in exploring various algorithms to optimise remedial works requirements, but mostly for drinking water supply systems, and very limited work has been carried out for the wastewater assets. Some of the major deficiencies of commonly used methods can be found in either one or more of the following aspects: inadequate representation of systems complexity, incorporation of a dynamic model into the decision-making loop, the choice of an appropriate optimisation technique and experience in applying that technique. This paper is oriented towards resolving these issues and discusses a new approach for the optimisation of wastewater systems remedial works requirements. It is proposed that the optimal problem search is performed by a global optimisation tool (with various random search algorithms) and the system performance is simulated by the hydrodynamic pipe network model. The work on assembling all required elements and the development of an appropriate interface protocols between the two tools, aimed to decode the potential remedial solutions into the pipe network model and to calculate the corresponding scenario costs, is currently underway.

scholarly journals New Approach for Asset Management in District Heating (DH) Networks

2017 ◽  
Vol 113 ◽  
pp. 22-27
Author(s):  
Ingo Weidlich ◽  
Georg K. Schuchardt (neé Bestrzynski)
Keyword(s):  
Asset Management ◽  
District Heating ◽  
New Approach

Network Rail: a new approach to coastal asset management – North Wales case study

2017 ◽  
Vol 4 (1) ◽  
pp. 8-18 ◽  
Author(s):  
Graham Kenn ◽  
Alec Dane ◽  
Kevin Giles
Keyword(s):  
Asset Management ◽  
New Approach ◽  
North Wales

Local Authorities Challenges in the Implementation of Maintenance and Operation Blueprint

2015 ◽  
Vol 73 (5) ◽  
Author(s):  
Norhidayah, M. Y. ◽  
Khadijah, H. ◽  
Maryanti, M. R. ◽  
Ainur Zaireen, Z. ◽  
Maslinda A. L. ◽  
...  
Keyword(s):  
Asset Management ◽  
Critical Success Factors ◽  
Success Factors ◽  
Local Authority ◽  
Maintenance Management ◽  
Management Policy ◽  
Local Authorities ◽  
New Approach ◽  
Future Studies ◽  
Critical Success

Maintenance and Operation Blueprint for Iskandar Malaysia was established to ensure local authority immovable asset maintenance management is in line with Government Asset Management Policy 2009. This paper deals with investigation on the challenges in the implementation of Maintenance and Operation Blueprint Plan for Iskandar Malaysia among five local authorities in Iskandar Malaysia. A total of 25 respondents have been selected and interviewed. The data have been analyzed qualitatively. Base on the interview, the results show that there are challenges to implement maintenance and operation blueprint in local authority immovable asset maintenance management which are no clear direction from the top management to implement the Maintenance and Operation Blueprint for Iskandar Malaysia, lack of staff to implement the Maintenance and Operation Blueprint for Iskandar Malaysia, did not have enough time to implement the Maintenance and Operation Blueprint for Iskandar Malaysia and the high cost required to implement the Maintenance and Operation Blueprint for Iskandar Malaysia. This article can serve as a foundation for future studies in critical success factors to implement immovable asset maintenance and operation blueprint. A future study investigating critical success factors to implement immovable asset maintenance and operation blueprint would be very interesting to produce a new approach for successful blueprint implementation.

Hydro-Québec’s new approach for asset management

2020 ◽  
Author(s):  
Atieh Delavari ◽  
Jacques Prevost ◽  
Mohamed Gaha ◽  
Amira Dems
Keyword(s):  
Asset Management ◽  
New Approach
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