Contact us: (206) 551-5496
About BIS Consulting
BIS Consulting, LLC, is an employee-owned company, providing decision-support and risk assessment services to utilities, transit agencies, and other infrastructure-intensive industries. Our consulting services are aimed at clients who need premium methodological and analytical support for policy, capital planning, and other critical and highly visible decisions. We emphasize quantitative methods and risk-based business cases to justify decisions in terms that resonate with executive managers, regulators and customers, and other non-technical stakeholders.
In many asset-intensive organizations, there is a great deal of knowledge—both explicit and tacit—among the technical personnel. However, they often have difficulty translating this knowledge into a justification for spending in terms that resonate with the non-technical decision-makers. Our role is to help our clients bridge this gap.
BIS Consulting emphasizes knowledge transfer and training in their work with clients, preferring a hands-on, personalized approach over delivery of tools or studies that are likely to sit unused.
Our Services
The purpose of the economic life mode
The purpose of the economic life mode
Overall, BIS Consulting's services aim to help utilities make informed and cost-effective decisions about their aging assets. By applying a risk-based economic life methodology and utilizing advanced analytical tools, BIS Consulting supports utilities in maximizing the value they provide to their ratepayers.
The purpose of the economic life mode
The purpose of the economic life mode
The purpose of the economic life mode
The purpose of the economic life model is to optimize the timing of asset replacement by balancing the trade-off between delaying capital expenditures and the increasing risk of failure as the asset ages. The model takes into account factors such as age, condition, consequence of failure, and replacement cost to determine the optimal t
The purpose of the economic life model is to optimize the timing of asset replacement by balancing the trade-off between delaying capital expenditures and the increasing risk of failure as the asset ages. The model takes into account factors such as age, condition, consequence of failure, and replacement cost to determine the optimal timing for replacement that minimizes the total cost of ownership while ensuring the reliability and performance of the asset. It helps utilities make informed decisions about asset management, budgeting, and prioritization of replacement projects. The model also evaluates and optimizes spending decisions related to aging assets, provides long-range spending forecasts, supports maintenance optimization, and assesses the cost-effectiveness of holding spares. Overall, the economic life model helps utilities make cost-effective decisions that maximize the benefit to ratepayers and stakeholders.
Working with BIS Consulting
The purpose of the economic life mode
Working with BIS Consulting
Working with BIS Consulting involves utilizing their expertise in asset management and decision-support methodologies to make informed spending decisions related to aging assets. They provide support in areas such as risk analysis, capital planning, and life-cycle cost analysis for various industries. BIS Consulting helps develop mod
Working with BIS Consulting involves utilizing their expertise in asset management and decision-support methodologies to make informed spending decisions related to aging assets. They provide support in areas such as risk analysis, capital planning, and life-cycle cost analysis for various industries. BIS Consulting helps develop models and tools to assess asset health, failure probability, consequences of failure, and intervention options. They also assist in long-range spending forecasts, prioritization of replacements, development of projects, maintenance optimization, and spares assessment. BIS Consulting has experience working with various utilities and organizations, providing customized solutions based on their specific needs and requirements. Their approach involves an economic analysis to optimize replacement timing, considering factors such as failure probability, consequences of failure, replacement cost, and the time-value of money. This analysis helps develop a long-range spending plan and prioritize replacement projects.