DEVELOPMENT OF AN ASSET MANAGEMENT STRATEGY FOR ROAD NETWORKS

Using "straight line" relationships, depreciation estimates for infrastructural assets are produced during asset valuations for disclosure in public accounts. These estimates are being used as a measure of annual expenditure required to preserve the level of services provided. While expedient, this approach generally leads to unrealistic results. Depreciation, with its near uniform profile, provides a reasonable reflection of asset deterioration from wear and tear in the very long term. However, it often does not reflect the often large and variable annual expenditures required torehabilitate and replace the asset. While this approach may indicate theadequacy of the present condition of the asset, it does not indicate how to achieve a reasonable forward programme. This paper discusses advantages of an asset management strategy (AMS), a process by which the future needs of a road network are prioritised over a long period of time. The datarequirements and process of analysis for simulation of performance of a network are described. The AMS thus resulting achieves the objective of optimising maintenance/rehabilitation budget, and minimising depreciation. (a) For the covering entry for this conference see IRRD abstract no 861445.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0478041497
• Corporate Authors:

  TRANSIT NEW ZEALAND

  PO BOX 5084, LAMBTON QUAY
  WELLINGTON,   New Zealand 
• Authors:
  • VESSEY, J V
  • HUTCHISON, D L
• Conference:
  • PROCEEDINGS OF NEW ZEALAND LAND TRANSPORT SYMPOSIUM '94; VOLUME 3
• Publication Date: 1994

Language

• English

Media Info

• Pagination: p. 147-52

Subject/Index Terms

• TRT Terms: Budgeting; Conferences; Deterioration; Expenditures; Maintenance; Management; Networks; Roads; Strategic planning
• Uncontrolled Terms: Road networks
• ITRD Terms: 155: Administration; 257: Budget; 8525: Conference; 224: Cost; 5255: Deterioration; 3847: Maintenance; 141: Priority (gen); 1053: Road network
• Subject Areas: Administration and Management; Finance; Highways; Maintenance and Preservation;

Filing Info

• Accession Number: 00674640
• Record Type: Publication
• Source Agency: ARRB
• ISBN: 0-478-04149-7
• Files: ITRD, ATRI
• Created Date: Mar 8 1995 12:00AM