Is there a high return on investment opportunity to perform corrective work after the asset has reached its expected service life?

The belief that there is no high return on investment opportunity to perform corrective work after an asset has reached its expected service life is based on the principle that assets generally tend to depreciate in value as they age. By the end of their expected service life, maintenance costs and the likelihood of failure typically increase, making further investment less justified.

Beyond just the deteriorating condition of the asset, there are also financial implications. Continuing to pour resources into an aging asset that has surpassed its useful life could divert funds from investing in more efficient, reliable, and modern alternatives that may provide a better ROI. Additionally, the risks associated with operating old assets, such as increased downtime, lower operational efficiency, and potential safety hazards, may outweigh any benefits of corrective work.

In some cases, depending on the asset's condition and criticality to operations, there might be marginal returns on investment from maintenance. However, these scenarios are exceptions rather than the norm. Thus, the general consensus is that investing in corrective work after an asset has reached its expected service life does not typically yield a high return.