analytical

Appendix: Opening the Black Box

 

 

Appendix:

Mathematical Structure of the Methodology

In this appendix to “Opening the Black Box,” (Fortnightly, January 2014), we briefly describe the basic components of the models for managing aging assets: how to represent the condition of such assets and the outcome of replacement, maintenance, and testing decisions.  

Opening the Black Box

A new approach to utility asset management.

Creating a dynamic statistical approach to designing an overall strategy for utility asset management.