Deterioration Modelling and Forecasting
Deterioration modelling is a core feature of the framework, and facilitates budget and treatment optimisation using established approaches such as the HDM models or later, more innovative approaches such as those based on Heuristics, Fuzzy Logic and Big Data analysis techniques.
The modelling architecture exists at two tiers. At the lower level is a suite of looping algorithms to optimise the allocation of funds based on optimal treatments. At the higher level is a modelling setup that the user can control. At this level, the user has full control over the model and can specify deterioration parameters and equations as well as the treatment selection algorithm.