Asset Management in the Railway Sector

ASSET MANAGEMENT IN THE RAILWAY SECTOR
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Asset Management in the Railway Sector
Name of the student
Name of the university
Author note

ASSET MANAGEMENT IN THE RAILWAY SECTOR
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Table of Contents
Introduction:....................................................................................................................................3
Annotated bibliography...................................................................................................................3
Conclusions......................................................................................................................................6
References........................................................................................................................................7

ASSET MANAGEMENT IN THE RAILWAY SECTOR
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Introduction:
Dependable framework and on-time prepared to-work vehicles are fundamental to
guarantee smooth tasks both in mainline and open rail transport. It is hence essential that every
one of the parties engaged in investment, acquirement and purchasing know the technical
condition and estimation of the assets being referred to. This is valid for financing, renting or
rental hand-overs, re-deals, and for circumstances where future ventures should be grouped or
guarantee claims are made. Railway managers are constantly under the pressure of needingto
check the operational costs. Along with this they are required to prioritize investment decisions,
extending the life cycles of assets and finding areas where more expenses can be curbed. The
condition in which the railway infrastructure is kept is a vital parameter to the traffic safety,
infrastructure availability, revenue and maintenance cost (Jovanovic et al., 2015).
Annotated bibliography
Andrews, J 2013, ‘A modelling approach to railway track asset management’, Proceedings
of the Institution of Mechanical Engineers, Part F: Journal of Rail and Rapid Transit, Vol.
227, No. 1, pp.56-73.
The article presents data that reflects the persistent increase in size of the railway network in the
UK. The 20,000 miles of track in the UK is beginning to carry faster and heavier trains than it
used to previously, along with the sheer increase in the number of trains. The article suggests that
the main challenge is the effective management of this ageing and frequently utilized system
given that there are limited financial resources. Andrews proposes the use of modeling tools to