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ADOPTING STATE-OF-THE-ART ASSET MANAGEMENT THEORY TO CREATE ADDED VALUE IN A UTILITY SETTING

The contribution of this paper is a strategic asset management framework for the sub-transmission and distribution level. First, we present an approach monetising the technical condition of assets in a stream of virtual spendings and earnings. We then show that maintenance strategies on the medium- and low-voltage levels differ as projects are often driven by external factors. Therefore, we extend our framework deploying a set of criteria such as asset condition and importance. For each asset a recommendation of action is computed and made available in the geographic information system. The integration of innovative techniques into the existing process landscape is a key success factor for asset management. If it fails, organisational change will fail.