Optimisation of sinking funds for major repairs in a housing association

G. Bowles, J. S. Dagpunar

    Research output: Contribution to journalArticlepeer-review


    Changes to the financial framework regulating housing associations require them to create a sinking fund that will accrue the necessary cash for future maintenance work to their stock. This paper presents an alternative to the conventional methods by using a Linear Programming model to obtain sinking fund strategies. The relevance of such modelling is discussed with reference to the evolving Sinking Fund system in the UK and European Housing Association movements. The methodology is applied to data from a Housing Association in Scotland. The paper concludes that the LP model offers a degree of flexibility not found in existing practice. The work has relevance to the long-term maintenance management of any built asset. © 2000 Operational Research Society Ltd. All rights reserved.

    Original languageEnglish
    Pages (from-to)156-161
    Number of pages6
    JournalJournal of the Operational Research Society
    Issue number2
    Publication statusPublished - 2000


    • Building
    • Finance
    • Linear programming
    • Maintenance


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