INVESTOR is focused on knowledge transfer of “best practice” Whole Life Costing and asset management techniques cross sector. It is sponsored by the DTI and has resulted in a tool set that has been employed to model both rail and water treatment assets. INVESTOR uses Monte-Carlo simulation techniques to predict asset failure and calculate business interruption costs. A feedback loop enables model correction and, ultimately, learning by comparing predictions with actual data.

INVESTOR has been developed by a core collaboration led by Halliburton KBR which includes: Kalido – experts in Data Management Systems who have developed a leading 2nd generation data warehouse application; AMCL – specialists in asset management; NSC – specialising in advanced modelling and simulation techniques. Under the DTI ICT Carrier Programme, the collaboration team has partnered with asset manufacturers and asset owners to develop INVESTOR as a means of understanding and communicating asset behaviour in situ.

The talk will outline the three fundamental parts making up the architecture of INVESTOR: the Kalido data warehouse, the simulation engine and visualisation of results.