Assessing and interpreting the benefits derived from implementing and using asset management systems.

Details

• Creators:
  McNeil, Sue ; Mizusawa, Daisuke ; Rahimian, Sekine ; Bittner, Jason
• Corporate Contributors:
  United States. Department of Transportation. Research and Innovative Technology Administration
• Subject/TRT Terms:
  • Highway planning
  • Economic factors
  • Economic analysis
  • Economic policy
  • Maintenance
  • Simulation
  • Evaluation Highway planning--Economic aspects--Computer simulation
  • Highway planning--Economic aspects--Software--Evaluation
  • Roads--Maintenance and repair--Economic aspects--Computer simulation
  • Roads--Maintenance and repair--Economic aspects--Software--Evaluation
• Publication/ Report Number:
  MRUTC 06-06, Phase 2
• Resource Type:
  Tech Report
• Geographical Coverage:
  Wisconsin
• Edition:
  Final report; Feb. 5, 2008-June 30, 2009.
• Corporate Publisher:
  Midwest Regional University Transportation Center
• Abstract:
  Interest in asset management has grown over the last two decades but agencies continue to be ; concerned about the cost to develop and implement asset management processes. While originally ; introduced as a tool for policy analysis, HERS-ST is free software that delivers several asset ; management functions. This report uses a generic methodology to document a strategy to assess the ; benefits to be gained using tools such as HERS-ST. The impact of decisions made using HERS-ST ; (referred to as “with HERS-ST”) are compared with decisions made using a naïve worst first ; strategy (referred to as “without HERS-ST”) using common performance measures, net present ; value and benefit cost ratios. The methodology is applied to three different data sets. The data from ; New Mexico are used to explore strategies for communicating the results using charts, graphs and ; tables. Data from Kentucky and Delaware are used to develop more in-depth case studies. All three ; data sets demonstrate that significant benefits can be realized using HERS-ST. A Step-by-Step ; Guide for implementing the methodology and a training module are also developed.
  More +
• Format:
  PDF
• Funding:
  0092-07-24
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/20824/dot_20824_DS1.pdf
• File Type:
  [PDF - 1.35 MB]
• Collection(s):
  University Transportation Centers ; US Transportation Collection
• Main Document Checksum:
  urn:sha-512:9a06c2063e3d535ed0dfded964e5ded7f2d99822299b4c0ce6e65fe30e5ec6b4917d3de3c6f7c9b62d0df18b1f7b9f0138c66d337a92f2da35b4fa88396f0464