National Academies Press: OpenBook

Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement (2017)

Chapter: Appendix C - TCO Tool User s Manual

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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
×
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
×
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
×
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
×
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Suggested Citation:"Appendix C - TCO Tool User s Manual." National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press. doi: 10.17226/24764.
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Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

C-14 Guidebook for Considering Life-Cycle Costs in Airport Asset procurement

TCO Tool User’s Manual C-21 Results The Results tabs are dark blue.

LCC Analysis • LCC analysis displays the nominal costs over the appraisal period aggregated by parent asset. • Total cost across all assets are shown by the black solid line. • A 3-year averages total is shown by the dashed grey line.

Abbreviations and acronyms used without definitions in TRB publications: A4A Airlines for America AAAE American Association of Airport Executives AASHO American Association of State Highway Officials AASHTO American Association of State Highway and Transportation Officials ACI–NA Airports Council International–North America ACRP Airport Cooperative Research Program ADA Americans with Disabilities Act APTA American Public Transportation Association ASCE American Society of Civil Engineers ASME American Society of Mechanical Engineers ASTM American Society for Testing and Materials ATA American Trucking Associations CTAA Community Transportation Association of America CTBSSP Commercial Truck and Bus Safety Synthesis Program DHS Department of Homeland Security DOE Department of Energy EPA Environmental Protection Agency FAA Federal Aviation Administration FAST Fixing America’s Surface Transportation Act (2015) FHWA Federal Highway Administration FMCSA Federal Motor Carrier Safety Administration FRA Federal Railroad Administration FTA Federal Transit Administration HMCRP Hazardous Materials Cooperative Research Program IEEE Institute of Electrical and Electronics Engineers ISTEA Intermodal Surface Transportation Efficiency Act of 1991 ITE Institute of Transportation Engineers MAP-21 Moving Ahead for Progress in the 21st Century Act (2012) NASA National Aeronautics and Space Administration NASAO National Association of State Aviation Officials NCFRP National Cooperative Freight Research Program NCHRP National Cooperative Highway Research Program NHTSA National Highway Traffic Safety Administration NTSB National Transportation Safety Board PHMSA Pipeline and Hazardous Materials Safety Administration RITA Research and Innovative Technology Administration SAE Society of Automotive Engineers SAFETEA-LU Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (2005) TCRP Transit Cooperative Research Program TDC Transit Development Corporation TEA-21 Transportation Equity Act for the 21st Century (1998) TRB Transportation Research Board TSA Transportation Security Administration U.S.DOT United States Department of Transportation

TRA N SPO RTATIO N RESEA RCH BO A RD 500 Fifth Street, N W W ashington, D C 20001 A D D RESS SERV ICE REQ U ESTED ISBN 978-0-309-44628-0 9 7 8 0 3 0 9 4 4 6 2 8 0 9 0 0 0 0 N O N -PR O FIT O R G . U .S. PO STA G E PA ID C O LU M B IA , M D PER M IT N O . 88 G uidebook for Considering Life-Cycle Costs in A irport A sset Procurem ent A CRP Research Report 172 TRB

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TRB's Airport Cooperative Research Program (ACRP) Research Report 172: Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement explores how other industries use the total cost of ownership (TCO) approach for initial procurement, and how to integrate this into future airport procurement practices. A

TCO Tool

and five

instructional videos

on how to use the TCO Tool accompany the report.

Airports, as well as other governmental entities, usually are required to take the lowest bid when procuring assets. This approach tends not to take into consideration the life-cycle costs, such as the operation and maintenance (O&M) costs, which can result in higher than anticipated costs from the O&M budget. Since the purchase of assets is allocated from capital funds that are managed by a person typically different than the person responsible for the day-to-day management of O&M funds, there can be a disconnect on what is considered “better” when considering two bids. Taking a life-cycle, also known as a TCO approach, to the initial procurement may ensure a more fiscally responsible use of funds.

Disclaimer - This software is offered as is, without warranty or promise of support of any kind either expressed or implied. Under no circumstance will the National Academy of Sciences, Engineering, and Medicine or the Transportation Research Board (collectively "TRB") be liable for any loss or damage caused by the installation or operation of this product. TRB makes no representation or warranty of any kind, expressed or implied, in fact or in law, including without limitation, the warranty of merchantability or the warranty of fitness for a particular purpose, and shall not in any case be liable for any consequential or special damages.

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