Exponent's asset management services help you anticipate, plan, and make better decisions regarding maintenance priorities and operational decisions.
For industries with networks of distributed assets, like electric and gas utilities, extreme weather patterns create challenges for asset management, including infrastructure damage as well as lost operations and production. Extreme weather events like tropical storms, hurricanes, and cyclones raise the risk of infrastructure failure through flood and wind damage. In addition, more frequent and severe droughts and increased temperatures and fuel loads are heightening the risk of asset failures leading to catastrophic wildfires.
Our team of structural engineers, environmental and ecological scientists, metallurgists, data scientists, and other professionals has developed innovative risk modeling methods by applying a quantitative framework using Bayesian updating — a statistical method that updates a hypothesis' probability as data changes or becomes available — for management of distributed asset networks.
The quantitative framework provides data for a cutting-edge asset modeling tool that enables evaluation of asset degradation and subsequent risks. Using preexisting data sets, we can perform assessments to help clients determine the environmental and safety risks of continued operation and perform cost-benefit analyses for a power shutoff or other operational decisions.
Our Capabilities Are Unparalleled
With expertise in over 90 disciplines and hundreds of capabilities, tools, and methodologies — we get to the root of even the most complex challenges and give you the objective answers you need.
Our global and comprehensive expertise across industries gives us a deep understanding of current challenges, best industry practices, and the implications of emerging technologies.