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Pages 150-175

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From page 150...
... Section 9.1 Worked Examples presents the three worked examples which include a highway agency using the cost and market perspectives, a transit agency using the cost perspective, and a highway agency using the economic perspective. Section 9.2 International Case Studies describes two case studies from highway agencies in Australia and the UK.
From page 151...
... This section details a set of worked examples illustrating application of the asset valuation guidance presented in Chapters 3 to 8. The examples include calculation of asset value for: 1.)
From page 152...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples Figure 9-1 summarizes the different types of assets included in the asset value calculation.
From page 153...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples between initial construction and reconstruction.
From page 154...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples Structures After completing the pavement valuation, the agency walks through the same process outlined above for structures, considering each of the bridge composhould be based on replacement cost.
From page 155...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples ed functional standards for load capacity and clearances.
From page 156...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples preciation is estimated at approximately $20 million (equal to the replacement Results Summary Table 9-1 summarizes the results of the asset value calculation.
From page 157...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples toric cost and year of purchase or construction for each of the asset classes and subclasses in the TAMP.
From page 158...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples established the useful life for its vehicles by vehicle type assuming that planned maintenance and rehabilitation activities are performed on a vehicle over its useful life.
From page 159...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples condition data, the agency establishes that the only treatment explicitly modeled in the asset value calculation is the asset construction.
From page 160...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples Valuing Highway Assets Based on an Economic Perspective In this example, a state department of transportation in the Midwest, labeled realized by users of the state's primary roadway network.
From page 161...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples as compared to the replacement value method, which focuses on what those assets cost.
From page 162...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples isolated as those correspond with Interstates, principal arterials (other)
From page 163...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples separately from passenger vehicles in the analysis.
From page 164...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples User Cost Calculation In the next step, monetary values were applied to the VMT and VHT aggregawillingness-to-pay for travel time, vehicle operating costs, safety, and emissions.
From page 165...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples Emissions USDOT recommends emissions valuations per metric ton of pollutant emitted by pollutant type and year.
From page 166...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples of pollutant emitted by type and year.
From page 167...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples Overall, the value realized in urban areas ($7.1 billion annually)
From page 168...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples roughly half the total replacement cost as reported in the Midwest DOT's TAMP annually.
From page 169...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples incurred by the individual over the course of the trip.
From page 170...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples Implications of Measuring Observed User Costs (versus Willingness-to-Pay)
From page 171...
... Chapter 9. Examples and Case Studies / Section 9.1 Worked Examples of travel on an annual basis, and accordingly understates the total willingness-to-pay for travel.
From page 172...
... proaches of two highway agencies from Great Britain and Australia. Each case studies follow the asset valuation guidance established in their respective countries, and their work in this area predates the development of this document.
From page 173...
... Chapter 9. Examples and Case Studies / Section 9.2 International Case Studies Figure 9-7 summarizes the process used by Highways England for calculating value.
From page 174...
... Figure 9-9. Road and Bridge Components Chapter 9.
From page 175...
... Chapter 9. Examples and Case Studies / Section 9.2 International Case Studies The approach is applied to calculate value for four asset classes: roads; minor roads; bridges; and tunnels.

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