This white paper explains and illustrates the business case and financial impact of inspection and maintenance tasks that have long lead-time effects (such as painting and corrosion protection activities). Traditionally some of the easiest expenditure to cut when times are tight, these activities need to be justified in cost/benefit terms like any others.
Using the prolongation modelling techniques from the European MACRO project, sustainability can be given a financial value, and the business case becomes clear, even when relying on structured, range-estimated assumptions and impact projections. A case study is used to demonstrate these methods on the evaluation and optimization of electricity transmission tower painting regimes – where significant benefits have been revealed by targeting appropriate painting strategies to different operational, environmental and design circumstances.
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