Railway Infrastructure Asset Management Modelling

Railway infrastructure comprises a large collection of diverse and complex systems and structures. Many of them are aging assets and require a significant budget to deliver the maintenance to ensure the required safety and service performance standards. With such a large amount of money spent each year to maintain and renew the network assets, small percentage savings can amount to substantial sums of money. There is therefore a huge incentive to better understand the degradation that assets experience and how these can be effectively managed through the implementation of efficient maintenance strategies. Track and bridges are the most expensive assets to keep in the required condition, and this chapter provides a method to analyse their degradation and build Petri net models to predict the future state of the asset, the number of each maintenance activity which are expected to be undertaken, and their costs experienced by following a particular strategy. Utilising these models enables the quality of the asset management decisions made to be improved and optimised.