Multicriteria Highway Programming Incorporating Risk and Uncertainty: A Methodology for Highway Asset Management System [Technical Summary]
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2004-11-01
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Edition:Technical Summary
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Abstract:Highway asset management, a systematic process aimed at efficient and cost-effective preservation and operation of highway assets (pavements, bridges, traffic control devices, ITS installations, etc.), necessarily incorporates an analytical tool for rational and integrated decision-making. A key component of any highway asset management system is multicriteria decision-making which involves tradeoff analysis, and project selection and programming. Most existing management systems deal with individual highway assets and also focus primarily on analysis of outcomes that are assumed to be certain. In a departure from such state of practice, this study adopts holistic and probabilistic approaches that incorporate risk and uncertainty towards the management of overall physical highway assets and usage of such assets.
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Main Document Checksum:urn:sha-512:e9275e467e42ce2358201ce3542a890157fd1ac731a0be69088e53f77376a717cbcf60b62b29aa5c26d35e633104fca4fd50bb4d965a6ec989fd56d037f4a721
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