Making the business case for asset life extension

This paper describes and illustrates one of the processes being developed by the cross-industry SALVO project for the cost/benefit/risk evaluation of options for extending asset life. It represents one part of the SALVO suite of methods for improved financial decision-making in the management of aging assets. In particular it illustrates the optimisation of a periodic maintenance regime (painting) for the purposes of extending asset life, using the example of a steel bridge in London Underground.