LIFE-CYCLE COST ANALYSIS IN PAVEMENT DESIGN - INTERIM TECHNICAL BULLETIN

This Interim Technical Bulletin recommends procedures for conducting Life-Cycle Cost Analysis (LCCA) of pavements, provides detailed procedures to determine work zone user costs, and introduces a probabilistic approach to account for the uncertainty associated with LCCA inputs. The Bulletin begins with a discussion of the broad fundamental principles involved in an LCCA. It discusses input parameters and presents simple examples of traditional LCCA in a pavement design setting. It discusses the variability and inherent uncertainty associated with input parameters, and provides recommendation on acceptable ranges for the value of time as well as discount rates. It explores the use of sensitivity analysis in traditional LCCA approaches. User costs are a combination of delay, vehicle operating costs, and crash costs. Each of these cost components is explored and procedures are presented to determine their value. Given the power and sophistication of today's computers and software, simulation techniques such as Monte Carlo are recommended for incorporating variability associated with LCCA inputs into final results.

• Record URL:
  https://ntlrepository.blob.core.windows.net/lib/21000/21300/21386/PB99114365.pdf
• Record URL:
  https://www.fhwa.dot.gov/infrastructure/asstmgmt/013017.pdf
• 
• Corporate Authors:

  Federal Highway Administration

  Office of Engineering, Pavement Division, 1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Walls III, J
  • Smith, M R
• Publication Date: 1998-9

Language

• English

Media Info

• Features: Appendices; Figures; References; Tables;
• Pagination: 121 p.

Subject/Index Terms

• TRT Terms: Discount; Life cycle costing; Monte Carlo method; Operating costs; Pavement design; Risk analysis; Sensitivity analysis; Simulation; Traffic delays; Value of time; Vehicles; Work zones
• Uncontrolled Terms: Accident costs; User costs
• Subject Areas: Design; Finance; Highways; Pavements; Vehicles and Equipment; I22: Design of Pavements, Railways and Guideways;

Filing Info

• Accession Number: 00764620
• Record Type: Publication
• Report/Paper Numbers: FHWA-SA-98-079,, HNG-42/9-98(5M)QE
• Files: NTL, TRIS, USDOT
• Created Date: Jun 3 1999 12:00AM