User:Geoff.tait/sandbox

= ACTOR (Asset Condition to Risk) model = The ACTOR (Asset Condition to Risk) model is a methodology that predicts asset condition and the probability of condition-based failure. enabling risk values to be calculated for each asset.

The model was developed in 2018 as an alternative to the Common Network Asset Indices Methodology (CNAIM) developed by EA Technology for electricity distribution assets.

Like the CNAIM model, ACTOR calculates the financial cost of failure weighted by different failure modes and their expected minor, major and catastrophic consequences proportions of total % functional failure. The ACTOR model only considers financial and service performance consequences of asset failure. Health and Safety and environmental consequences of asset failure are possible, therefore there is another level of uncertainty.

ACTOR models asset condition scores from new condition (score 100) down to a condition score of zero (0).