The Potential Value of Digital Twin in Rail and Road Infrastructure Asset Management

• Type: Article in International Conference Proceedings Book
• Date: 2023

Authors

Vieira J. (Author) Other; Patrício H. (Author) Other; Poças Martins J. (Author) FEUP; Gomes Morgado J. (Author) Other; Almeida N. (Author) Other

Conference proceedings International

Title: Lecture Notes in Mechanical Engineering

Pages: 439-447

2nd International Conference Innovation in Engineering, ICIE 2022

28 June 2022 through 30 June 2022

Indexing

Scopus - 0 Citations

Other information

Authenticus ID: P-00X-XFG

DOI: 10.1007/978-3-031-25448-2_42

Abstract (EN): Asset management aims at realizing value from assets, meeting stakeholders needs and expectations by balancing financial, environmental, and social costs, risks, quality of service and performance of assets. Asset managers need to know the assets they manage, so that organizational knowledge and decision-making are improved, and the global value generated by the asset portfolio is maximized. Therefore, asset management is a data-intensive activity, and asset managers need tools and processes to efficiently collect, assemble, manage, analyze, and use asset data. In this regard, Industry 4.0-driven approaches, such as the Digital Twin (DT), promise to contribute to asset management decision-making and realize value from asset data. However, organizations that may consider DT application face different interpretations on the concept and varying expectations regarding its potential impacts. Based on the contributions of diverse information sources, this work aims to identify opportunities and challenges arising from its use and discuss them in the context of road and rail infrastructure asset management.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 8