London Event to Look at the Challenge of Rolling Stock Whole Life Cost Optimisation
The whole life cost procedures for rolling stock will be explored from an overall strategic viewpoint through all technical aspects of the asset lifecycle at a seminar organised by the Institution of Mechanical Engineers in London on Thursday 9 November 2023.
The current cost of living crisis, and the overall economic reality facing the UK has placed significant financial strain onto the railway industry. The lack of investment in new trains and fleets, plus the expenses associated with operating, maintaining, and disposing of existing rolling stock have been proven to present a real challenge for engineers.
The Rolling Stock Whole Life Cost Optimisation seminar will serve as a forum to compare opposing operating models and discuss different approaches to life extension including overhauls and component replacement. Moreover, insights will be given into new strategies for reduction of carbon emissions and energy efficiency.
Join this event to:
- Learn best practice to minimise whole life costs and simultaneously enhance the reliability, efficiency, and longevity of rolling stock
- Understand the key roles engineers play in efficient rolling stock procurement, replacement, and management
- Accurately assess the near and long-term financial implications of maintenance and procurement decisions
- Understand what the rest of the railway industry is thinking at this pivotal time and, learn how other industries are resolving similar challenges
All interested parties are invited to join the IMechE’s Railway Division at 1 Birdcage Walk for a seminar that will bring together key engineers and strategic decision-makers in the industry on how to manage rolling stock lifecycle in the most cost-effective manner.
More information on the agenda, the list of speakers and how to book can be found on the event website.
This article was originally published by the Institution of Mechanical Engineers.
