Life-Cycle Cost Analysis in Pavement Design: Interim Technical Bulletin

Walls, J.; Smith, M. R.; United States. Federal Highway Administration

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Life-Cycle Cost Analysis in Pavement Design: Interim Technical Bulletin

1998-09-01
By Walls, J. ; Smith, M. R.

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English

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Alternative Title:

Life-Cycle Cost Analysis in Pavement Design: In Search of Better Investment Decisions
Creators:

Walls, J. ; Smith, M. R.

Walls, J. ; Smith, M. R. Less -
Corporate Creators:

United States. Federal Highway Administration
Corporate Contributors:

United States. Federal Highway Administration. Office of Engineering
Subject/TRT Terms:

[+]

Cost Analysis Costs Design Criteria Highway Design Life Cycle Analysis Life Cycle Costing Life Cycle Costs Pavement Design Pavements
Publication/ Report Number:

FHWA-SA-98-079
Resource Type:

Tech Report
Geographical Coverage:

United States
TRIS Online Accession Number:

764620
Corporate Publisher:

United States. Federal Highway Administration
Abstract:

This Interim Technical Bulletin recommends procedures for conducting Life-Cycle Cost Analysis (LCCA) of pavements, provides detailed procedures to determine work zone user costs, and introduces a probabilistic approach to account for the uncertainty associated with LCCA inputs. The Bulletin begins with a discussion of the broad fundamental principles involved in an LCCA. It discusses input parameters and presents simple examples of traditional LCCA in a pavement design setting. It discusses the variability and inherent uncertainty associated with input parameters, and provides recommendation on acceptable ranges for the value of time as well as discount rates. It explores the use of sensitivity analysis in traditional LCCA approaches. User costs are a combination of delay, vehicle operating costs, and crash costs. Each of these cost components is explored and procedures are presented to determine their value. Given the power and sophistication of today's computers and software, simulation techniques such as Monte Carlo are recommended for incorporating variability associated with LCCA inputs into final results.
Format:

PDF
Collection(s):

Federal Highway Administration
Main Document Checksum:

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urn:sha256:ceea2b333a7d2e42cacd599c8dabf8f003aa29eae80da8a98ac06c2f6d01e02c
Download URL:

https://rosap.ntl.bts.gov/view/dot/43763/dot_43763_DS1.pdf
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Life-Cycle Cost Analysis in Pavement Design: Interim Technical Bulletin

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