British Computer Society Meeting
Guest speaker Luke Fielder, NSC Ltd
Wednesday 14 January 2004,
18:30 buffet, 19.00 speaker
Robert Recorde Room,
Department of Computer Science
Faraday Building,
University of Wales, Swansea
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.
Speaker web site
www.nsc.co.uk
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