Assessing the value of water supply networks

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

    Abstract

    Assessing the value of physical assets is an important part of good asset management practices. The value of existing assets has become a factor of special interest to the asset owners as outsourcing of maintenance duties has increased. The value of water and sewer systems should also be assessed in order to follow up the development of the network's long-term condition during a maintenance partnership contract and to determine the return on investment for the owners. In addition, the deficiencies in assessing the value of the system are considered one of the main obstacles to wider application of private-public co-operation. The assessment of the value of any water supply system entails several challenges. There are no commonly accepted assessment methods, at least not in Finland. Many factors affect the condition of the network, which makes the determination of the usable life difficult. The use of existing value assessment methods is also essential in order to assess the systems economically. However, the value should be addressed holistically instead of determining only the economic value of the system. This paper presents a Finnish perspective on the assessment of water and sewer systems. The paper was written during a research project involving several companies and organisations from the public and private sectors as well as a number of research organisations. The research project concentrates on promoting co-operation between public and private companies and on the development of tools for the management of risks and opportunities during the co-operation. In this paper, we provide a comprehensive discussion on the value assessment of the water and sewer systems. We also evaluate the applicability of the different value assessment methods to the water and sewer systems.
    Original languageEnglish
    Title of host publicationThird International Engineering Systems Symposium (CESUN 2012)
    Subtitle of host publicationDelft, The Netherlands,18-20 June 2012
    PublisherDelft Technical University
    Publication statusPublished - 2012
    MoE publication typeNot Eligible

    Fingerprint

    Sewers
    Water supply
    Water
    Water supply systems
    Asset management
    Outsourcing
    Industry
    Economics

    Keywords

    • Value assessment
    • water and sewerage systems

    Cite this

    Hanski, J., Luomanen, T., Kortelainen, H., & Välisalo, T. (2012). Assessing the value of water supply networks. In Third International Engineering Systems Symposium (CESUN 2012): Delft, The Netherlands,18-20 June 2012 Delft Technical University.
    Hanski, Jyri ; Luomanen, Tiia ; Kortelainen, Helena ; Välisalo, Tero. / Assessing the value of water supply networks. Third International Engineering Systems Symposium (CESUN 2012): Delft, The Netherlands,18-20 June 2012. Delft Technical University, 2012.
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    abstract = "Assessing the value of physical assets is an important part of good asset management practices. The value of existing assets has become a factor of special interest to the asset owners as outsourcing of maintenance duties has increased. The value of water and sewer systems should also be assessed in order to follow up the development of the network's long-term condition during a maintenance partnership contract and to determine the return on investment for the owners. In addition, the deficiencies in assessing the value of the system are considered one of the main obstacles to wider application of private-public co-operation. The assessment of the value of any water supply system entails several challenges. There are no commonly accepted assessment methods, at least not in Finland. Many factors affect the condition of the network, which makes the determination of the usable life difficult. The use of existing value assessment methods is also essential in order to assess the systems economically. However, the value should be addressed holistically instead of determining only the economic value of the system. This paper presents a Finnish perspective on the assessment of water and sewer systems. The paper was written during a research project involving several companies and organisations from the public and private sectors as well as a number of research organisations. The research project concentrates on promoting co-operation between public and private companies and on the development of tools for the management of risks and opportunities during the co-operation. In this paper, we provide a comprehensive discussion on the value assessment of the water and sewer systems. We also evaluate the applicability of the different value assessment methods to the water and sewer systems.",
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    Hanski, J, Luomanen, T, Kortelainen, H & Välisalo, T 2012, Assessing the value of water supply networks. in Third International Engineering Systems Symposium (CESUN 2012): Delft, The Netherlands,18-20 June 2012. Delft Technical University.

    Assessing the value of water supply networks. / Hanski, Jyri; Luomanen, Tiia; Kortelainen, Helena; Välisalo, Tero.

    Third International Engineering Systems Symposium (CESUN 2012): Delft, The Netherlands,18-20 June 2012. Delft Technical University, 2012.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

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    N2 - Assessing the value of physical assets is an important part of good asset management practices. The value of existing assets has become a factor of special interest to the asset owners as outsourcing of maintenance duties has increased. The value of water and sewer systems should also be assessed in order to follow up the development of the network's long-term condition during a maintenance partnership contract and to determine the return on investment for the owners. In addition, the deficiencies in assessing the value of the system are considered one of the main obstacles to wider application of private-public co-operation. The assessment of the value of any water supply system entails several challenges. There are no commonly accepted assessment methods, at least not in Finland. Many factors affect the condition of the network, which makes the determination of the usable life difficult. The use of existing value assessment methods is also essential in order to assess the systems economically. However, the value should be addressed holistically instead of determining only the economic value of the system. This paper presents a Finnish perspective on the assessment of water and sewer systems. The paper was written during a research project involving several companies and organisations from the public and private sectors as well as a number of research organisations. The research project concentrates on promoting co-operation between public and private companies and on the development of tools for the management of risks and opportunities during the co-operation. In this paper, we provide a comprehensive discussion on the value assessment of the water and sewer systems. We also evaluate the applicability of the different value assessment methods to the water and sewer systems.

    AB - Assessing the value of physical assets is an important part of good asset management practices. The value of existing assets has become a factor of special interest to the asset owners as outsourcing of maintenance duties has increased. The value of water and sewer systems should also be assessed in order to follow up the development of the network's long-term condition during a maintenance partnership contract and to determine the return on investment for the owners. In addition, the deficiencies in assessing the value of the system are considered one of the main obstacles to wider application of private-public co-operation. The assessment of the value of any water supply system entails several challenges. There are no commonly accepted assessment methods, at least not in Finland. Many factors affect the condition of the network, which makes the determination of the usable life difficult. The use of existing value assessment methods is also essential in order to assess the systems economically. However, the value should be addressed holistically instead of determining only the economic value of the system. This paper presents a Finnish perspective on the assessment of water and sewer systems. The paper was written during a research project involving several companies and organisations from the public and private sectors as well as a number of research organisations. The research project concentrates on promoting co-operation between public and private companies and on the development of tools for the management of risks and opportunities during the co-operation. In this paper, we provide a comprehensive discussion on the value assessment of the water and sewer systems. We also evaluate the applicability of the different value assessment methods to the water and sewer systems.

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    Hanski J, Luomanen T, Kortelainen H, Välisalo T. Assessing the value of water supply networks. In Third International Engineering Systems Symposium (CESUN 2012): Delft, The Netherlands,18-20 June 2012. Delft Technical University. 2012