Building asset management with deficiency tracking and integrated life cycle optimisation

This paper introduces a comprehensive building asset management system with a unique formulation in which all functions from inspection, to deterioration modelling, and life cycle analysis, track the dynamics of building deficiencies. The system also incorporates an integrated life cycle analysis that determines both the optimum repair-types and the optimum repair-timings for a large network of buildings with hundreds of components. To handle the large-scale optimisation involved, a two-phase optimisation procedure has been introduced and its powerful performance validated on various size networks. The paper provides a description of the proposed asset management system and discusses its implementation in a user-friendly prototype that suits a large school board in North America. The proposed asset management system is innovative and helps organisations with large building assets improve the overall condition of their inventory with highest return on the limited repair budget.