LIFE CYCLE COST ANALYSIS GIVES THE POSSIBILITY TO PAY FOR THE VALUE OF THE PAVEMENT

Performance requirements on road surfaces are sometimes used as an alternative to materials specifications for achieving pavement quality. Pavement performance affects user costs, safety costs, environmental costs, etc. This paper describes a method of assigning a value to specific surface characteristics. This enables the client to pay for a performance characteristic rather than contractor costs. Life cycle cost analysis and PMS (Pavement Management System) models are based on specific economic models used to calculate a net present value. The net present cost model is the normally used simplification. The paper describes the background of the economic models as basic input for life cycle cost models as well as PMS models.

• Supplemental Notes:
  • Full conference proceedings available on CD-ROM.
• Corporate Authors:

  International Society for Asphalt Pavements

  400 Selby Avenue, Suite 1
  St. Paul, MN  United States  55102
• Authors:
  • Huvstig, A
• Conference:
  • Ninth International Conference on Asphalt Pavements
  • Location: Copenhagen, Denmark
  • Date: 2002-8-17 to 2002-8-22
• Publication Date: 2002-8

Language

• English

Media Info

• Pagination: 19p

Subject/Index Terms

• TRT Terms: Cost accounting; Deterioration; Economic models; Life cycle analysis; Life cycle costing; Pavement management systems; Pavement performance; User charges
• Subject Areas: Design; Economics; Finance; Highways; Pavements; I22: Design of Pavements, Railways and Guideways;

Filing Info

• Accession Number: 00936369
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 17 2003 12:00AM