Impacts of pavement deterioration and maintenance cost on Pareto-efficient contracts for highway franchising

In a build-operate-transfer (BOT) highway project, pavement roughness progression generally has a direct impact on the highway maintenance cost and user costs. Given two common rehabilitation strategies, this study respectively investigates the optimally designed highway capacity and tolls of multi-type vehicles in Pareto-efficient contracts. Under supplementary conditions, it proves that the optimal toll revenue could fully cover the highway construction and maintenance cost in these contracts, no matter with or without the regulated traffic composition. Further extensions are made to evaluate and identify properties of the highway v/c ratio, rehabilitation period or critical roughness under the two rehabilitation strategies, respectively.

• Record URL:
  • https://doi.org/10.1016/j.tre.2018.02.008
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S1366554517310955
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/13665545
• Supplemental Notes:
  • Abstract reprinted with permission of Elsevier.
• Authors:
  • Lu, Zhaoyang
  • Meng, Qiang
• Publication Date: 2018-5

Language

• English

Media Info

• Media Type: Web
• Features: Appendices; Figures; References; Tables;
• Pagination: pp 1-21
• Serial:
  • Transportation Research Part E: Logistics and Transportation Review
  • Volume: 113
  • Publisher: Elsevier
  • ISSN: 1366-5545
  • Serial URL: http://www.sciencedirect.com/science/journal/13665545

Subject/Index Terms

• TRT Terms: Build operate transfer; Contracts; Costs; Deterioration; Highway maintenance; Pavement distress; Revenues; Road construction; Roughness; Tolls; Vehicle mix
• Subject Areas: Finance; Highways; Maintenance and Preservation; Pavements;

Filing Info

• Accession Number: 01670463
• Record Type: Publication
• Files: TRIS
• Created Date: May 29 2018 10:24AM