The degradation of private and public assets and infrastructure continues to have a major economic impact on industry and the wider community. In Australia, the yearly cost of asset maintenance is estimated to be approximately $32 billion, with $8 billion attributed to avoidable corrosion damage, according to a report commissioned by NACE (formerly known as the National Association of Corrosion Engineers), the international body for professional corrosion engineers.
An infrastructure asset base should be designed to be safe and reliable, while maintaining acceptable levels of service for the duration of the expected life of the asset. This requires asset owners and managers to develop and implement optimised approaches often with limited budgets. The balance of all these factors is
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