Proceedings of the 12th National Conference on Transportation Asset Management (2019) / Chapter Skim
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Pages 11-21
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From page 11... ...
11 Track 1: Analyzing and Optimizing Investment Decisions Investment Trade-Offs: Rapid-Fire Session In this rapid-fire session, which was moderated by Scott Richrath (Atkins) , participants made short demonstrations and presentations designed to stimulate discussion and thought exchange about investment trade-off decisions.
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12 management system demonstrates that countermeasures with higher crash-reduction factors and lower costs are the most cost-effective. The outputs include recommended treatments that fit within a constrained budget.
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13 HOW TO MODEL DEDICATED FUNDING STREAMS AND ASSET ELIGIBILITY REQUIREMENTS IN FTA'S TERM LITE TOOL Nicholas Richter (WSP) discussed the use of FTA's TERM Lite tool for transit asset management.
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14 whether machines read signs differently than humans, whether lighting could be reduced, and whether safety systems can be modified with reductions in human errors. He stressed the importance of considering these types of anticipated changes in standards, policies, and future goals.
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15 • Many new tools are emerging that will help agencies prioritize and manage assets, from new prioritization models to less-complicated systems with shorter processing times. • Several presenters acknowledged their interest in using TAM and TPM principles to meet agency goals, not just address asset conditions.
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16 Carlo simulation, and a sensitivity analysis was conducted to look at the significance of each source of variability. Candidate solutions for mitigating risks were evaluated by using a weighted priority score based on the benefit–cost ratio associated with each treatment.
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17 forecasting tools available and investments rely on individual efforts to advance a project. The lab from the University of Costa Rica (LanammeUCR)
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18 down features, DOT staff can obtain photos, environmental impact reports, right-of-way impacts, and other types of information about a project. The tool is still under development, and the Iowa DOT has created a plan for further developments of the tool to increase its applicability throughout the agency.
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19 Chua focused her presentation on the need to integrate resilience into agency practices and design standards. For the New York MTA, this realization was sparked by Hurricane Sandy in 2012.
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20 Discussion Session: Bridging the Gap Between Research and Implementation A small number of conference participants (approximately 15) participated in this discussion session.
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21 • It is important to create demand in some way and make people more aware of the issues.
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