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Development and Testing of a Boolean Obsolescence Assessment Tool for Built Environment Asset Systems

Mulholland, KM; Pitt, M; Mclennan, P; (2016) Development and Testing of a Boolean Obsolescence Assessment Tool for Built Environment Asset Systems. Journal of Facilities Management , 14 (3) pp. 206-220. 10.1108/JFM-12-2015-0036. Green open access

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Abstract

Purpose: The purpose of this paper is to address the need for further development of tools that could be used to mitigate obsolescence within the built environment. Literature reviewed within this paper indicates a distinct gap in research, allowing for rising obsolescence-driven investments within asset systems. In addition to further conceptual development, case study testing is required to validate the use of certain existing methods. / Design/methodology/approach: This paper has developed a Boolean obsolescence assessment tool, which was then tested within a case study environment. This year-long case study provided real world data across three asset systems within an operational building. / Findings: The findings from this preliminary case study indicate that a Boolean tool of this type has the potential to provide significant insight into obsolescence mitigation. Such a tool, implemented in accordance with onsite asset management processes, has the ability to mitigate and avoid obsolescence-driven investments. / Research limitations/implications: This case study is limited because of its length and size. To mitigate the effects that may have been captured, this research project has been developed and continued. / Originality/value: The model featured within this paper originated from an untested obsolescence indexing technique. This model was adapted and extended to improve its accuracy and functionality, which also involved adding weighting mechanisms, resulting in not only an original model but a novel set of results because of the current lack of explicit testing of similar models.

Type: Article
Title: Development and Testing of a Boolean Obsolescence Assessment Tool for Built Environment Asset Systems
Open access status: An open access version is available from UCL Discovery
DOI: 10.1108/JFM-12-2015-0036
Publisher version: http://dx.doi.org/10.1108/JFM-12-2015-0036
Language: English
Additional information: Copyright © Emerald Group Publishing Limited 2016
Keywords: Risk, Asset management, Lifecycle, Private finance initiative, DMSMS, Obsolescence
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett Sch of Const and Proj Mgt
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning
URI: https://discovery.ucl.ac.uk/id/eprint/1502308
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