Managing Risks in Ageing Networks: a Case Study

Jos M Wetzer, Sonja Bouwman, KEMA Consulting

In order to anticipate possible hazards in ageing networks, asset managers increasingly make use of a risk management approach. Besides forecasting failure probabilities and consequences, this approach requires decision tools to evaluate and compare different alternative strategies to reduce and control risk. In this paper we present a modeling approach that enables asset managers to quantify and prioritize options and generate multi-year action plans and strategies.