Operations Research, Systems Engineering and Industrial Engineering Commons^™

Data- Driven Asset Degradation Modeling: An Enterprise-Wide Roof System Case Study, Kurt R. Lamm

Theses and Dissertations

Organizations with large facility and infrastructure portfolios have used asset management databases for over ten years to collect and standardize asset condition data. Decision makers use this data to predict asset degradation and expected service life, enabling prioritized maintenance, repair, and renovation actions that reduce asset life-cycle costs and achieve organizational objectives. However, these asset condition forecasts are calculated using standardized, self-correcting distribution models that rely on continuous functions. This research presents four step wise asset condition forecast models that utilize historical asset inspection data to improve prediction accuracy: (1) Slope, (2) Weighted Slope, (3) Condition-intelligent Weighted Slope, and (4) …