How did railroads handle depreciation, repair, and fixed asset life-cycles in the mid 19th Century?
They were experienced in design, construction, project management and business.
They planned for maintenance and for repair.
They knew about wear mechanisms from aggressive operation and thought it was management’s role to contain this.
They shared data and used it. They gathered data from handwritten records, making spreadsheets, graphs, and KPIs by hand.[Read more…]