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A service-oriented approach to assessing the infrastructure value index.

R Amaral1, H Alegre2, J S Matos1

  • 1Instituto Superior Técnico, University of Lisbon (IST-UL), Av. Rovisco Pais, 1049-001 Lisbon, Portugal

Water Science and Technology : a Journal of the International Association on Water Pollution Research
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Urban water services face sustainability challenges due to infrastructure decay. This research explores a new service-oriented approach for the infrastructure value index (IVI) to improve long-term planning and asset management.

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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.