Analytical Tools for Asset Management (2005) / Chapter Skim
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Pages 30-35
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From page 30... ...
Would the candidate tool provide capabilities that address issues commonly recognized as core asset management principles and likely to advance the state-of-the-practice in asset management, consistent with the framework set forth in the Asset Management Guide developed for NCHRP Project 20-24(11)
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From page 31... ...
Performance tradeoffs for different budget allocations across program categories (e.g., pavement preservation versus new capacity) • WSDOT Multimodal Investment Choice Analysis (MICA)
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• Benefit/Cost analysis tools above also may used for prioritization across project types. • Capability to prioritize across project types.
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From page 33... ...
New York State is developing a tradeoff tool based on the concept of excess user costs, which calculates reductions in delay costs, accident costs, and vehicle operating costs (with respect to a base acceptable level) attributable to pavement, bridge, safety, and mobility improvements.
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From page 34... ...
This need is generally best addressed via benefit/cost analysis tools that handle a diverse set of project types such as those in place in Washington and California. Agencies wishing to improve their capabilities to compare diverse projects could certainly use the tools in place in those states (and others available internationally)
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From page 35... ...
. 3 5 5 5 4 4 3 3 2 3 Predicted impacts for a set of proposed projects • Tool to produce aggregate condition/ performance measures given a set of projects in the program.
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