Optimizing is a core concept in asset management. It refers to establishing a compromise between performance, cost, and risk—across the asset lifecycle. This balancing act is based on data-informed decision-making and scenario analysis.
Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 4.5 – Decision-Making:
“Optimization is the process of determining the best value compromise between conflicting priorities such as cost, risk, and performance.”
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