InfraMetrix And Solutions Modex Launch InfraModex: Decision Support Software For Urban Infrastructures
Solution combines condition assessment, risk evaluation and financial modeling to help municipalities make informed Infrastructure Management Decisions
InfraMetrix LLC and Solutions Modex, Inc. of Montreal, Canada recently announced InfraModex, an infrastructure information decision support system that helps municipalities predict and prioritize Capital Expenditure (CAPEX) spending on physical infrastructure, and develop long-term, economical intervention plans while maintaining an acceptable level of service.
InfraModex applies risk management and financial analysis to infrastructure asset management, helping public CFOs, asset managers and other decision makers understand the relationship between budget, asset failure risk, and level of service. InfraModex uses aging models and user-defined decision trees (such as water distribution, wastewater collection, or roads) to simulate any number of maintenance scenarios (using the Monte Carlo technique), identifying the most economical solution for achieving the desired level of service. The system takes into consideration the actual and future condition of the asset, maintenance and investment policies, historical and forecasted behavior of the asset, and the relationship between all of these elements.
Commented Bill DiTullio, President and CEO of InfraMetrix: "Optimizing decision-making in the context of aging infrastructure and constrained budgets is vital to the survival of our cities. InfraModex helps answer two crucial questions that must be asked prior to a CAPEX funding. ‘Is my current level of funding adequate for the service level we want to provide to customers for an indefinite future? If the current funding is not adequate, when will there be noticeable service degradation?' InfraModex is geared not only at taking the right action (repair, rehab, rebuild, etc.), but also maximizing available human and financial resources and ensuring that a minimum quality/safety threshold is maintained in the long term."
Commented Pierre Levesque, Vice President of Marketing for Solutions Modex: "InfraModex is a unique and innovative software tool that optimizes your investments, quantifies your risks and increases the probability of achieving your goals based on your specific decision criteria and tolerance for risk."
Customer Quotes
City of Gatineau (Pop.: 242,124 - 2006 census), Quebec: "InfraModex is a highly flexible, visual and easy to use planning tool that helps us create a long term financial plan based on our desired service levels." -- François Larose, Coordinator, Master Plans, Infrastructure Services
City of Montreal (Pop.: 1,854,442 – 2006 census), Quebec: "One of the strengths of InfraModex is its sophisticated financial modeling algorithms, which mimic random occurrences in life expectancy and cost of work. This approach we think is more in tune with real life and takes into account the variable nature of our business. This in turn helped us optimize our investment strategies on a life cycle basis. Another strength of the software is the ease with which investment strategies can be modified. This permitted us to test more strategies in a short period of time and with a minimum of external support giving us greater confidence that the end product was optimized. Last but not least is the capacity of the software to take into account decisions made for each individual asset and coordinate the results over time so that the end product is fully integrated. We intend on exploiting this capability by producing for the end of 2012 a fully integrated investment plan for water and roads."-- Normand Hachey, Engineer, Project Manager, City of Montreal
"InfraModex uses a sophisticated financial modeling algorithm to emulate the random nature of asset life cycles. Our strategies and decision making policies can easily be modified in order to optimize our investments." -- Raymond Leclerc, Engineer, Renewal Plan for Water and Sewer Systems, CGT Consortium
City of Hamilton (Pop.: 504,559 – 2006 census), Ontario: "InfraModex provides integrated analysis and prioritization of all assets within a right-of-way, therefore providing a viable solution to assist in the challenges of Municipal Infrastructure Management." -- Richard Andoga, Senior Project Manager, Infrastructure Programming
About InfraMetrix
InfraMetrix LLC is a leading provider of buried asset inventory, and condition and risk assessment data for water, wastewater sewer and stormwater systems. Our services help you make smart maintenance decisions and prioritize your capital investments for improved performance of your underground assets. The company is privately-held and headquartered in Tampa, Florida. For more information, visit www.inframetrix.com
About Solutions Modex
Founded in 2001, Solutions Modex specializes in designing and developing software solutions including risk management, computerized financial modeling and integrated decision support systems. Our expertise mainly targets the financial, infrastructure and energy sectors. The effectiveness of our approach enables our clients (engineers, CFOs, asset managers and decision makers) to increase competitiveness and optimize their decision-making process. The company is privately-held and headquartered in Montreal, Canada. For more information, visit www.solutionsmodex.com
SOURCE: InfraMetrix LLC and Solutions Modex, Inc.