Life-Cycle Cost Analysis for Management of Highway Assets (2016) / Chapter Skim
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CONTENTS 1 SUMMARY 5 CHAPTER ONE INTRODUCTION Background, 5 Study Approach and Report Organization, 5 6 CHAPTER TWO STATE OF THE PRACTICE OF LIFE-CYCLE COST ANALYSIS TOOLS AND MODELS Common Elements of Life-Cycle Cost Analysis, 6 Life-Cycle Cost Analysis Tools and Models, 7 Life-Cycle Cost Analysis International Studies, 9 Summary, 10 12 CHAPTER THREE AGENCY PERSPECTIVES ON LIFE-CYCLE COST ANALYSIS Agency Survey, 12 Survey Participation, 12 Survey Results, 13 Summary and Findings, 16 17 CHAPTER FOUR CASE EXAMPLES ON THE USE OF LIFE-CYCLE COST ANALYSIS Life-Cycle Cost Analysis for Pavements -- Utah Department of Transportation, 17 Life-Cycle Cost Analysis for Bridges -- Florida Department of Transportation, 18 Washington State Department of Transportation Ancillary Asset Management, 19 Minnesota Department of Transportation Culvert Cost and Life-Cycle Management Initiative, 21 Public–Private Partnerships -- A Concessionaire's Take on Life-Cycle Cost Analysis, 22 Summary, 23 24 CHAPTER FIVE FINDINGS, CONCLUSIONS, AND FUTURE RESEARCH NEEDS Findings, 24 Future Research Needs, 25 26 GLOSSARY 27 REFERENCES 29 BIBLIOGRAPHY 30 APPENDIX A FINAL SURVEY Note: Many of the photographs, figures, and tables in this report have been converted from color to grayscale for printing. The electronic version of the report (posted on the web at www.trb.org)
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SUMMARY LIFE-CYCLE COST ANALYSIS FOR MANAGEMENT OF HIGHWAY ASSETS MAP-21 (the Moving Ahead for Progress in the 21st Century Act) requires agencies to incorporate life-cycle cost analysis (LCCA)
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2 International studies revealed a similar focus on pavements and bridges for LCCA applications, and an emphasis on the resulting environmental impacts of design alternatives was noted. Some countries are in the early stages of framework development to support LCCA and are beginning to document the approach to the process as well as implications to public infrastructure investment.
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3 a private-sector company involved in many public–private highway ventures were documented. The differences between LCCA within state highway agencies and within the private sector are captured in the case example, including the most notable difference: the way the private sector views assets from a holistic systematic view instead of as independent asset classes when conducting LCCA.
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From page 7... ...
5 • Comparing overall costs between different types of projects to help prioritize limited funding in an agencywide program; and • Calculating the most cost-effective approaches to project implementation (2)
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