A transportation asset management solution is described. The transportation asset can be evaluated for operability. The evaluation can include periodic analysis of defect data acquired during operation of the transportation asset over a period of time. The evaluation can determine current operability of the transportation asset with respect to the defect and/or a future requirement for maintenance on the transportation asset due to the defect. One or more actions can be generated based on the analysis. A composite defect cost corresponding to the defect can be computed. The composite defect cost can include costs associated with one or more of: acquiring defect data during operation of the transportation asset, addressing the defect, a defect failure, and/or an error in identifying the defect. One or more aspects of the management solution can be periodically optimized to reduce the composite defect cost.
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