A service-oriented approach to assessing the infrastructure value index

Area of Science:

• Environmental Engineering
• Urban Planning
• Asset Management

Background:

• Urban water services globally struggle with infrastructure sustainability and deferred maintenance.
• The infrastructure value index (IVI) aids long-term planning but current methods have limitations.
• A shift towards customer-centricity necessitates advanced asset management strategies.

Purpose of the Study:

• To explore and present a novel service-oriented approach for assessing the infrastructure value index (IVI).
• To compare the outcomes of a service-oriented IVI assessment with traditional asset-oriented methods.
• To identify challenges and future research directions for service-centric infrastructure valuation.

Main Methods:

• Developing a service-oriented methodology for calculating the infrastructure value index (IVI).
• Comparing IVI results derived from service-oriented versus asset-oriented valuation approaches.
• Analyzing the implications of different valuation perspectives on infrastructure planning.

Main Results:

• The service-oriented approach offers a different perspective on infrastructure value compared to the asset-oriented method.
• Variations in assumed useful life in asset-oriented approaches lead to significant valuation differences.
• The study highlights the need for adaptable valuation models in urban water management.

Conclusions:

• A service-oriented approach to IVI assessment is a promising avenue for enhancing urban water infrastructure planning.
• Integrating customer needs into asset management is crucial for sustainable water services.
• Further research is required to refine service-oriented IVI methodologies and address implementation challenges.