Review of Asset Management Literature in Road and Transport Industries

Desklib provides past papers and solved assignments for students. This annotated bibliography explores asset management strategies in the road industry.

Annotated Bibliography
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Introduction
The assets management strategy is considered as an important strategy that guides all the assets
management strategies within an organization. Considering the term strategy, it is
completelymeant to explore the long term issues and ensuring that these strategiesare directly
associated with the strategic issues within an organization. There are several numbers of the
things involved in the road assets. These are not just limited to the pavements but there are also
included the safety barriers, lines, signs, earthwork, drainage as well as soft estate. This report is
prepared in order to understand the assets managementstrategies within the road industry.There
will be made an analysis of the existing literature on assets management strategies for the
businesses.
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Petchrompo, S 2018,‘A review of asset management literature on multi-asset
systems’,Reliability Engineering & System Safety.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S0951832018302631
This article includes the effective overview of the complete literature in relation to manage the
assets for all the systems of multiple units. The assets systems are more complicated in nature. It
has been identified in this article that as the industry uses more technologies as well as the
different equipment types in order to render maximum services for satisfying the various
effective customers’ needs, the deep interest of the research has been piqued by the various
different assets of the management with the help of the multiple numbers of disciplines. This task
is daunting as it chooses the appropriate ways for enhancing all the systems of multiple assets
into the reliable nature. Each & every assets’ reliability could be contributed in the different
manner to the system performance as well as the different practices of traditional maintenance
which considers each & every asset with the help of only one dimension to support and make the
well informed decisions. Three types of dependencies are being found of the previous multiple
components such as stochastic, resource dependants as well as the performance. There were also
identified the performance, as well as the different interactions of stochastic nature which are
highly apparent in the different systems of multi-components in the multi-assets systems.
3

Dalla Chiara, B, and Pellicelli, M 2016,‘Sustainable road transport from the energy and
modern society points of view: Perspectives for the automotive industry and
production’, Journal of cleaner production, 133, pp.1283-1301.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S0959652616306837
This article has explained the sustainability role in the context of road which focused on the
different emissions as well as energy. There has been shown the emergence of the influence of
sustainability concepts within the road and transportation industries. This article has provided the
overall analysis of the relevant as well as the consolidated problems of the transport at the
sustainable level including the objective to indicate the particular perspectives within the specific
industries. In the last years, the transport of road has become highly pressurized by the large
number of problems in relation to the sustainability along with the utilizing of different “kind of
energy”. In recent years, technology has offered a great solution in order to solve the energy as
well as different issues in the context of environment. The technological solutions can be
achieved by improvingthe appropriateness of the engines by rationalizing the consumption of the
activities associated with the intelligent transport system. There can be pursued for improving the
transport of all the roads in terms of enhancing the safety, the efficiency of the engines as well as
the qualities with the support of the ITS. None of the solution has been identified which can be
implemented in relation to the different modes of transport.
4

Gichaga, FJ 2017,‘The impact of road improvements on road safety and related
characteristics’, IATSS research, 40(2), pp.72-75.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S0386111216300097
This article has presented the cultural as well as the historical background related to road safety
aswell as the road improvement in the country of East Africa which is the highly developing
country. There have also been discussed in case studies. The impact of socio-economic concept
includes the necessary improvements and the other one was on the evaluation as well as the
monitoring of the road safety aspects. There have also made several numbers of the
recommendation on the road safety components. It has been recommended for the appropriate
assets management in this industry that there should be avoided the black spots, wherever they
are possible by the road geometric design. The road designs must also solve the different
elements which enhance the contribution through the different measures including the markings
of road, different ways of pedestrian, bumps as well as the animal crossings. There must also be
provided the road safety barriers where there are situated the culverts as well as the bridges. It
has been identified in this article that constitute of pedestrian includes the very big portion of
different causalities which is caused by road accidents. It is highly recommended that they
should plan as well as provide the pedestrian ways as well as the crossings along the highways.
5

Hansen, T, Klitkou, A, Borup, M, Scordato, L and Wessberg, N 2017,‘Path creation in
Nordic energy and road transport systems–The role of technological
characteristics’, Renewable and Sustainable Energy Reviews, 70, pp.551-562.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S1364032116308851
This article is regarding the different processes of path-creation within the road transportation
systems in several Nordic nations. Thee- mobility within Denmark, advanced biofuels in Finland
as well as in Sweden. This literature has built on the literature of path creation which is looking
forward to explaining the new pathways of the technology. It has been identified in this article
that the technological features have a great influence in terms of the actions within the later
phase. This analysis has also focused on the barriers to the path creation processes which differs
and depends on the technological characteristics. In recent years, the urgency of the dealing as
well as the political debate with the change of climate has increased to a great extent. In order to
reduce the carbon emissions and the other important assets management, it is necessary to
change the spheres of the social as well as the economic environment. Despite the continuous
development of important nature, it has been proved very difficult from changing the systems of
energy based on the fossil to the great usage of the technologies of renewable energy.
6

Liu, S, Shukla, A and Nandra, T 2017,‘Technological, environmental and economic aspects
of asphalt recycling for road construction’, Renewable and Sustainable Energy Reviews, 75,
pp.879-893.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S1364032116307298
It has been identified that the largest contributor towards the consumption of energy in the
Asphalt plants is theenergy as well as using the fuel for the drying and heating the aggregates the
virgin to process the RAP. In order to manage the assets within the road industry, the recycled
Asphalt is being used for the pavements, rural roads, road shoulders as well as the new hot mix
plants. It has identified that the average road pavements are consisting of the road structure just
above the level of the formation including the bituminous- bound as well as unboundmaterials.
Such formation enhances the different abilities of the pavement for distributing the burden of the
traffics before arriving at the different levels of formation. It is noticed that the currently
availabletechnology of RAP does not allow a higher RAP percentage which needs to be added &
also reduces the consumption of fuel in some cases. The thermoplastic mixture performance will
be suffering to a great extentto such degree of the heat damagewhich is generally sustained by it.
The article depicts that most of the superheating temperatures are higher to a great extent which
suggests all the current methodologies of the RAP technology damaging the fresh bitumen.
7

Hasan, U, Whyte, A and Al Jassmi, H 2018,‘Critical review and methodological issues in
integrated life-cycle analysis on road networks’ Journal of Cleaner Production.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S0959652618328713
This article is regarding the management of life cycle in relation to the different projects of road
network. It has been identified that the life cycle management of the projects of road network
mainly focuses on the construction stages as well as the material productionwhere the less
attention is given to the functional improvement as well as the usage stage in such process. The
decision making the process of the sustainable alternatives for the construction of the
rehabilitating as well as new existing roads, there has been analyzedall the stages of the life
cycle, future cash, feedback loops as well as the interlinking performance of the overall
sustainability.
Due to the continuous growth and development as well as theongoinginflux of the people as well
as the organization towards the urban areas, the roadways are continuously facing several
challenges of the traffic congestions which can cause to the delay in time, added fuel, pollutant
emissions as well as the operational costs of the vehicle. There were also found several issues
such as lack of the political interests, limitation of the funds as well as the subjectivity of the
opinions which can also dominate the decision-making process of maintaining the proper
infrastructure.
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Attahiru, YB, Aziz, MMA, Kassim, KA, Shahid, S, Bakar, WAWA, NSashruddin, TF,
Rahman, FA and Ahamed, MI 2019,‘A review on green economy and development of green
roads and highways using carbon neutral materials’ Renewable and Sustainable Energy
Reviews, 101, pp.600-613.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S1364032118307895
The main highlights from this article include the introduction of the different materials of
carbon-neutral in terms of reducing the gases of greenhouse for the construction as well as the
road industry. There has also been discovered the attractive alternatives for the present
criseswhich are economic in nature having the influence over the developing countries. This
article has also assessed and evaluated the degree of the living standards as well as the
environmental vulnerabilities for a sustainable lifestyle. There has been continuous unwanted
pollution in different countries due to this fast economic development in those countries. There is
also reflected the global climate change related problems due to such reasons which have
become a serious worldwide issue. The various materials of carbon-neutral are considered as the
free materials of carbon which have the ability to achieve the zero carbon discharges by the
harmonization of the restrained quantity of the unconfined carbon with the counterbalanced
carbon. There were certain objectives of making this research through this article. The main
objective was to use the materials which are carbon neutral in order to reduce the greenhouse
gases within the industry of roads as well as constructions.
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But, AA, Toller, S and Birgisson, B 2015,‘Life cycle assessment for the green procurement
of roads: a way forward’ Journal of Cleaner Production, 90, pp.163-170.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S095965261401275X
The life cycle assessmenthas been provided in this article for the purpose of roads as well as the
transport industry. There are presented in the article, such attributes which are suggested within
the life cycle assessment serving the decision support in the procurements of the roads. The life
cycle assessment is considered as the methodology which can be used in order to evaluate the
impacts of the road systems on the environment. It is considered as very important to align the
limitation as well as the potential of such tools with their intentions. This is essential to possess
the deep understanding regarding the effective features of technical natue which are used to
building up the phasesof the life cycle in order to provide decision support in the procurement
situations. This article has involved several types depending upon the situations of respective
decisions which are based on the different levels of the complexities. It has been concluded in
this article that for the purpose of making the aid of implementing the “green procurement”, it
would be helpful if the features of the system are provided in an effective, efficient as well as the
transparent manner which can be calculated consistently.
10

Šrámek, J, Danišovič, P, Slabej, M and Grinč, M 2014,‘Implementation of asset
management in road administration of Slovak Republic’, Acta logistics, 1(1), pp.31-38.
https://search-proquest-com.ezproxy.scu.edu.au/docview/2070385762/
C5CDF564C9804C56PQ/1?accountid=16926
This article has presented the basic solutions as well as the principles in order to apply the assets
management as part of the administration of the roads in an appropriate manner. The article has
dealt with the application of the assets management methods as well as the other global trends in
the maintenance of the roads, rehabilitation as well as the repair strategies. There is the
combination of the principles as well as the strategies of the management of assets for the
effective public assets management which is used in the private sector with the important
methods and the practices which are to be proved for being applicable by the road of public
administrators as well as the different systems of digital transformation. The lack of funding
within the management of the roads can lead to the development of the tools as well as methods
which can help us to define the aspects for enabling the defining criteria for the established
priorities for the investments into the road assets.
11

Khan, MU and Higgins, PJ 2015,‘A comprehensive analysis for obtaining consistent hdm-4
results: Case study with a local council in Australia’ International Journal of Pavement
Research and Technology, 8(2), pp.123-130.
https://search-proquest-com.ezproxy.scu.edu.au/docview/1673140301/
C5CDF564C9804C56PQ/5?accountid=16926
It is very important to manage the road network in order to have the assets management plan
which is the most consistent and achieves the confidence of higher management as well as the
users. The basis of the assets management plan in Australia is the Pavement management
systems as well as the highway development and management. There were also observed
different inconsistencies betweenhighway development and management results as well as the
field. For managing the effective network of road, it is very important to have aplan of the assets
managed. It has also been highly recommended to verify the HDM- 4 results for thepurpose of
identifying that if there is the time gap between the data collection as well as the achievement of
the analysis results. This is considered as one of the most important analyses for the managers of
the assets, planners as well as the engineers in order to achieve the best and justifiable
management plan of the assets as well as the long term strategies. It has also been suggested in
the context of each of the authority of road must have the different standards at the optimum
level of the maintenance and strategies which are delivered by using the HDM 4 in the
management of the assets.
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