MINNESOTA HIGHWAY MAINTENANCE COSTS: A STUDY OF FINANCIAL REQUIREMENT THROUGH 1986
THE APPROACH USED IN THE STUDY PRESENTS A RELIABLE YARDSTICK BY WHICH IT IS POSSIBLE TO DETERMINE WITHIN "BROAD LIMITS" THE EXTENT OF FUTURE RESOURCE REQUIREMENTS FOR HIGHWAY MAINTENANCE. THE STUDY IS BASED ON MINNESOTA HIGHWAY MAINTENANCE EXPENDITURES FOR 1957-1969. FACTORS AFFECTING COSTS DURING THIS PERIOD ARE ANALYZED, AND FORMULAS & STATISTICAL INDICES DEVELOPED. THE FORECAST PROCESS INVOLVED THE ACCUMUALTION OF DATA CONCERNING FUTURE HIGHWAY SYSTEMS MIX, TRAFFIC VOLUMES, CHANGES IN THE BASIC COST LEVEL, COSTS ASSOCIATED WITH INCREASING AGE OF THE NEW INTERSTATE/FREEWAY SYSTEMS, AND FORECASTS OF FUTURE ECONOMIC CONDITIONS. THE PRESENT TOTAL FUNCTIONAL COST OF MAINTENANCE (39.7 MILLION DOLLARS - FORMULATED NORMAL YEAR COST - 1969) CAN BE EXPECTED TO DOUBLE IN LESS THAN TEN YEARS AND INCREASE 195 PERCENT BY 1986. /AUTHOR/
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Corporate Authors:
Minnesota Department of Highways
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Authors:
- Tessman, G F
- Publication Date: 1970-4
Subject/Index Terms
- TRT Terms: Economic conditions; Forecasting; Highway maintenance; Maintenance management; Statistical analysis; Traffic volume
- Uncontrolled Terms: Maintenance costs
- Subject Areas: Data and Information Technology; Economics; Highways; Maintenance and Preservation;
Filing Info
- Accession Number: 00218602
- Record Type: Publication
- Report/Paper Numbers: 51 pp
- Files: TRIS, STATEDOT
- Created Date: Aug 17 1970 12:00AM