Towards the Next Generation of Risk-Based Asset Management Tools [chapter]

Paul B. Sayers, Mike J. Wallis, Jonathan D. Simm, Greg Baxter, Tony Andryszewski
2010 Flood Risk Science and Management  
 Wide ranging -Enabling fixed and operational defence assets to be seen as only one, albeit important, component of a wider flood risk management strategy (where structural and non-structural measures act in concert to manage flood risk, allowing the advantages of one action to compensate for disadvantages of another). This paper explores the state-of-the-art in assessing the performance of individual assets and asset systems. It provides a discussion of reliability analysis and system-based
more » ... sk analysis tools. It also provides a forward look towards the practical application of formal optimisation tools that support the development of robust management strategies. h1 OVERVIEW OF ASSET MANAGEMENT An asset can be described as any feature that is actively managed to reduce the chance of flooding, including:  A linear asset -e.g. a raised defence (levee or dyke)  A point asset -e.g. a pump, gate or culvert trash screen  The watercourse -e.g. the vegetation and sediment within a channel  The coastline -e.g. a groyne, beach or backshore Towards the next generation of risk-based asset management tools -Sayers et al,
doi:10.1002/9781444324846.ch15 fatcat:dzvjcsxtsvbf7dv3r4dhfgtmou