The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making
B.
The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making
C.
The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making
D.
The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making
The Answer Is:
B
This question includes an explanation.
Explanation:
Optimizingis 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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