Railway Asset Management: A Case Study
A case study on the British railway's weaknesses and past mistakes and possible solutions.
# 68209 | 2,486 words | 5 sources | MLA | 2006 |
Published on Aug 08, 2006 in Business (Companies) , Business (Industries) , Business (Administration) , Business (Applied Operations) , Business (Business Plans)
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Improving the condition of the British Network Rail and the reliability of the train service cannot happen overnight. This paper shows that a strategic asset management approach is expected to yield benefits in the form of better asset inspection and remediation regime, improvements in the day-to-day delivery of timetable, and enhanced understanding of asset degradation and train performance. The paper argues that one of the changes that could make these possible is the return of the maintenance and renewal decision-making to the engineer, a crucial element of the whole scheme.
From the Paper:"Having compiled all the relevant data, the asset management team proceeds to set its objectives based on the size and configuration of the asset portfolio in its hands. These objectives have to be structured as to make the asset optimize its support for the delivery of service, giving due consideration to the issue on what exact amount of human, financial and IT resources is needed. In selecting the strategic objectives, the team is expected to choose those that are doable and hold greater promise to stakeholders."
Cite this Business Plan:
Railway Asset Management: A Case Study (2006, August 08) Retrieved December 14, 2019, from https://www.academon.com/business-plan/railway-asset-management-a-case-study-68209/
"Railway Asset Management: A Case Study" 08 August 2006. Web. 14 December. 2019. <https://www.academon.com/business-plan/railway-asset-management-a-case-study-68209/>