Download or read book A Methodology for Highway Asset Valuation in Indiana written by Michelle S. Dojutrek and published by Joint Transportation Research Program. This book was released on 2012-12-31 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government Accounting Standards Board (GASB) requires transportation agencies to report the values of their tangible assets. The shortcomings of traditional valuation methods include the implicit monolithic assumption of asset structures and the parochial range of value-related asset attributes considered in the evaluation process. Thus, this research developed enhanced methods and concepts for valuation. The elemental decomposition and multi-criteria (EDMC) method uses asset component costs, remaining service lives and condition. The replacement-downtime-salvage method considers life-cycle costs, including workzone user costs, and recycling benefits or disposal costs. The decommission-and-reuse method is based on the real-estate value of land occupied by the asset. The probabilistic method considers the asset value as a function of its survival likelihood. This study determined the total value of Indiana's state highway assets using traditional and proposed methods and new considerations. For the proposed EDMC method, this estimate was $45 billion. The value of pavements and bridges were $37.38B and $3.40B, respectively, together constituting 90% of total asset value. The total value of smaller assets (guardrails, underdrains, culverts, and road signs) was approximately $1.2B, and rights-of-way, $2.840B, constituting approximately 3% and 7%, respectively of the total asset value. On the basis of the unit asset values derived for Indiana, the existing asset inventory of other states, and the state-specific cost factors, the total estimated value of state-owned and overall highway bridge and pavement assets in the United States was estimated at $3.4T and $16.2T, respectively, using EDMC, and $2.9T and 13.8T, respectively, using GASB 34. The study also explored ways in which asset value could be incorporated in investment evaluation.

Download or read book Guidance Document for Highway Infrastructure Asset Valuation written by Roads Liaison Group and published by The Stationery Office. This book was released on 2005-07-06 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document contains guidance on a common framework for the discussion, development and implementation of highway infrastructure asset valuation by local highway authorities in the UK, in line with financial reporting and asset management requirements. Specific guidance is given for roads, segregated footpaths and cycle routes, and the document covers all fixed assets that form an essential part of the highway network, including earthworks and drainage, pavements and verges, fencing, lighting, street furniture, traffic management and communication assets. It sets out a step by step procedure covering asset clarification, data requirements, calculation of Gross Replacement Cost, calculation of depreciation and impairment, reporting and monitoring of asset value; and examples are given in the appendices to illustrate methodology application.

Download or read book Sustainable Road Infrastructure Technologies and Assessments written by Di Wang and published by Frontiers Media SA. This book was released on 2024-05-23 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The construction of sustainable road infrastructures has become an issue of concern to the international community. Road infrastructures require a large amount of non-renewable resources during the construction phase while containing abundant renewable energy resources (e.g. vehicle mechanical energy, internal thermal energy, and surface solar energy) during the operational phase. Therefore, reducing the dependence of road infrastructures on non-renewable resources, upgrading the construction and maintenance levels, improving the recycling level of infrastructure materials, and efficiently harvesting and utilizing clean energy from sustainable road infrastructures are of great significance in alleviating energy problems and promoting sustainable social development.

Download or read book A Methodology for Integrating Roadway Safety Hardware Management Into the Overall Highway Asset Management Program written by Zongzhi Li and published by . This book was released on 2008 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Measuring and Reporting Highway Asset Value Condition and Performance written by Sarah Wells and published by TAC = ATC. This book was released on 2001-01-01 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Framework for Selection of Asset Valuation Methods for Civil Infrastructure written by and published by . This book was released on 2005 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Highway networks generally represent the largest asset of public infrastructure. Management of the performance of this asset through timely rehabilitation and/or maintenance is well understood, however, less is known about how to manage the value within the context of public-private partnerships or other delivery models. Asset valuation holds great promise as a readily understood (to the public and private sector) performance measure and, as an asset management integration mechanism for trade-off analysis between competing components (pavement, bridges etc.). However, there is no framework available to guide engineers in the selection of which valuation method to use for which asset category. Using the City of Edmonton pavement database as a case, the network asset valuation is calculated for five valuation methods to gain an understanding of the variation between methods and, as such, the impact of selecting one approach over another. For the covering abstract of this conference see ITRD number E211426.

Download or read book Proceedings of the International Symposium on Engineering under Uncertainty Safety Assessment and Management ISEUSAM 2012 written by Subrata Chakraborty and published by Springer Science & Business Media. This book was released on 2013-03-12 with total page 1322 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Symposium on Engineering under Uncertainty: Safety Assessment and Management (ISEUSAM - 2012) is organized by Bengal Engineering and Science University, India during the first week of January 2012 at Kolkata. The primary aim of ISEUSAM 2012 is to provide a platform to facilitate the discussion for a better understanding and management of uncertainty and risk, encompassing various aspects of safety and reliability of engineering systems. The conference received an overwhelming response from national as well as international scholars, experts and delegates from different parts of the world. Papers received from authors of several countries including Australia, Canada, China, Germany, Italy, UAE, UK and USA, besides India. More than two hundred authors have shown their interest in the symposium. The Proceedings presents ninety two high quality papers which address issues of uncertainty encompassing various fields of engineering, i.e. uncertainty analysis and modelling, structural reliability, geotechnical engineering, vibration control, earthquake engineering, environmental engineering, stochastic dynamics, transportation system, system identification and damage assessment, and infrastructure engineering.

Download or read book Estimating Life Expectancies of Highway Assets Guidebook written by Paul David Thompson and published by Transportation Research Board. This book was released on 2012 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 1 addresses how to apply a methodology for estimating the life expectancies of major types of highway system assets. The methodology is designed for use in lifecycle cost analyses that support management decision making. Volume 2 describes the technical issues and data needs associated with estimating asset life expectancies and the practices used in a number of fields--such as the energy and financial industries--to make such estimates.

Download or read book Optimal Investment Decision making for Highway Transportation Asset Management Under Risk and Uncertainty written by Zongzhi Li and published by . This book was released on 2007 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indiana County Highway Records and Reports Manual written by and published by . This book was released on 1960 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Measuring and Reporting Highway Asset Value Condition and Performance written by Transportation Association of Canada and published by . This book was released on 1999-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Risk based Asset Management Methodology for Highway Infrastructure Systems written by Ruth Y. Dicdican and published by . This book was released on 2004 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maintaining the infrastructure of roads, highways, and bridges is paramount to ensuring that these assets will remain safe and reliable in the future. If maintenance costs remain the same or continue to escalate, and additional funding is not made available, the highway agency may need to reduce new construction or cut back on maintenance, or both. There is a close relationship between the cost of optimally scheduled preventive maintenance versus the cost of emergency maintenance or replacement. The study develops a systemic risk-based asset management methodology to manage the maintenance of highway infrastructure systems. The decisionmaking methodology is used to harmonize and coordinate the actions of the different units and levels in a hierarchical organization. The systemic methodology enables the filtering and assessment of assets for maintenance while addressing the potential for extreme events. The methodology balances the costs, benefits, and risks of maintenance and inspection policies as applied to various types of assets. Three objective functions are used in evaluating options and strategies: minimizing short-term cost, minimizing long-term cost, and maximizing the remaining service life of highway assets. A constraint function harmonizes the remaining service life across assets to eliminate infeasible options. The methodology is generally applicable to the asset management of large-scale dynamic systems that exhibit similar characteristics as highway systems.

Download or read book Indiana County Highway Records and Reports Manual Prepared for State Highway Dept of Indiana in Co operation with the U S Bureau of Public Roads Dept of Commerce written by Indiana University. Bureau of Government Research and published by . This book was released on 1960 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Analysis of Asset Valuation Methods for Civil Infrastructure microform written by Lynne Gradon Cowe Falls and published by Library and Archives Canada = Bibliothèque et Archives Canada. This book was released on 2004 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book NCHRP Research Project 08 71 written by National Cooperative Highway Research Program and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Private Financing of Public Transportation Infrastructure written by Wendell C. Lawther and published by Lexington Books. This book was released on 2015-10-22 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses a unique combination of best practices and lessons learned, including evaluation and transparency issues not found elsewhere in other texts. Given that P3s are evolving and changing, it contains the most up to date information and review of relevant sources. Other topics that have become more important are reviewed, including the value of benefit cost analysis and the appropriate discount rate to use for value for money analysis. Practices and policies are discussed throughout, highlighting efforts that could lead to successful outcomes. Although transparency is an issue discussed by many, this research indicates that greater transparency would lead to more publicly accepted P3s and ensure greater success. Given recent national news coverage of relevant topics, such as the Highway Trust Fund “running out of money," President Obama’s call for an infrastructure fund, and increasing Congressional interest and testimony, the content of this book is timely. A concurrent theme commonly addressed by other books and commentaries is the complexity of the topic and the lack of understanding of P3s. This research identifies practices and procedures that are innovative and “cutting edge.” Many of the best practices identified are not uniformly adopted by all officials wishing to create P3s. The analysis does not simply describe these practices, but provides insights into the potential advantages of adoption. Experiences in the United States as well as selected international efforts provide a wide range of potential sources from which to draw upon. This book provides a series of case studies and examples, including one chapter devoted to ten studies that were written by several internationally known authors. References to actual experiences are found throughout almost all of the chapters. These case studies reinforce and illustrate relevant points made throughout.

Download or read book Estimating Life Expectancies of Highway Assets written by and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addresses how to apply a methodology for estimating the life expectancies of major types of highway system assets. The methodology is designed for use in lifecycle cost analyses that support management decision making.