Practitioner's guide to economic decision making in asset management background and guidance.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: David Marlow
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Place of publication not identified] : Iwa Publishing
Temas:
Assets (Accounting)
Actif (Comptabilité)
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • Practitioner's Guide to Economic Decision Making in Asset Management: Part I: Background
  • Copyright
  • Acknowledgments
  • Abstract and Benefits
  • Table of Contents
  • List of Tables
  • List of Figures
  • List of Acronyms and Abbreviations
  • Executive Summary
  • Chapter 1.0: Project Background
  • 1.1 Infrastructure Investment Challenges
  • 1.2 Funding Water Sector Investments
  • 1.3 Need for New Approaches
  • 1.4 Economic Decision Making
  • 1.5 What Economic Decision Making Isn't
  • 1.6 Purpose of This Guid
  • 1.7 Links with Other WERF Initiatives1.8 Scope of this Report
  • 1.9 Ethical Perspective
  • 1.10 Report Structure
  • 1.11 Report Roadmap
  • Chapter 2.0: Sewage Systems and Their Management
  • 2.1 Introduction
  • 2.2 Sewerage Assets
  • 2.3 Asset Management
  • 2.3.1 Integrating Asset Management into the Business
  • 2.3.2 The Role of Key Performance Indicators
  • 2.4 Investing in Assets
  • 2.4.1 Asset Acquisition
  • 2.4.2 Capital Interventions
  • 2.4.3 Planning for Asset Management Investments
  • Chapter 3.0: Economic Decision Making
  • 3.1 Introduction
  • 3.2 Economic Theory3.2.1 Total Economic Value
  • 3.2.2 Economic Tradeoffs
  • 3.3 The Role of Economics in Asset Management Decisions
  • 3.3.1 Scope of Application
  • 3.3.2 Key Implementation Challenges
  • 3.4 Key Concepts in Economic Decision Making
  • 3.4.1 Risk
  • 3.4.2 Life Cycle Costs
  • 3.4.3 Multi-Criteria Perspectives
  • 3.4.4 Strategic Flexibility
  • Chapter 4.0: Elements of Economic Analysis
  • 4.1 Introduction
  • 4.2 Costs
  • 4.2.1 Resource Costs
  • 4.2.2 Externality Costs
  • 4.2.3 Risk Costs
  • 4.2.4 WSP versus Societal View of Externalities
  • 4.3 Benefits and Avoided Costs4.4 Elements of Economic Analysis
  • 4.4.1 Estimating Resource Costs
  • 4.4.2 Estimating Externality Costs
  • 4.4.3 Estimating Risk Costs
  • 4.5 Future Asset Performance
  • 4.5.1 Reliability and Failure Rate
  • 4.5.2 Failure Modes
  • 4.5.3 Failure Rates for the Base Case
  • 4.5.4 Weibull Analysis
  • 4.5.5 Failure Rates for Alternative Interventions
  • 4.6 Treatment of Consequences
  • 4.6.1 Estimating Traffic Congestion and Customer Disruption
  • 4.6.2 Other Intangible Impacts
  • 4.7 Economic Valuation Methods
  • 4.7.1 Market Price Methods4.7.2 Surrogate (Revealed Preference) Methods
  • 4.7.3 Survey-Based (Stated Preference) Methods
  • 4.7.4 Benefit Transfer
  • 4.8 Assessing Relative Worth of Options
  • 4.8.1 Simple Payback Period
  • 4.8.2 B/C Ratio
  • 4.8.3 NPV Approach
  • 4.8.4 LCC and Cumulative Cost Calculations
  • 4.8.5 Annualized Equivalent Costs
  • 4.9 Other Elements of the Analysis
  • 4.9.1 Choice of Discount Rate
  • 4.9.2 Shadow Costs
  • 4.9.3 Analysis Period
  • 4.9.4 Uncertainty
  • 4.9.5 Revenues
  • 4.9.6 Available Budgets
  • 4.9.7 Inflation

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