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Title: ECONOMIC ANALYSIS AND DYNAMIC PROGRAMMING IN RESURFACING PROJECT SELECTION
Accession Number: 00345346
Record Type: Component
Availability: Find a library where document is available Abstract: The objective of this paper was to develop a dynamic-programming procedure by using economic analyses to assist in optimizing expenditures in pavement-resurfacing programs. Benefit relationships were determined from expected accident reduction, improved comfort, and savings in time, fuel, and maintenance. The only cost input to the program was the resurfacing cost of each project. Dynamic programming was adapted to the selection of projects for resurfacing in Kentucky. More than $8.4 million of additional user benefits would have been realized in 1976 if dynamic programming had been used in selecting projects. The benefit/cost ratio of sections selected for resurfacing by the current procedures was 3.2 compared with one of 4.22 if dynamic programming had been used. (Author)
Supplemental Notes: Publication of this paper sponsored by Committee on Theory of Pavement Design. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Monograph Accession #: 01411623
Authors: Zegeer, Charles VAgent, Kenneth RRizenbergs, Rolands LPagination: pp 1-8
Publication Date: 1981
Serial: Conference:
60th Annual Meeting of the Transportation Research Board
Location:
Washington District of Columbia, United States ISBN: 0309032555
Media Type: Print
Features: Figures
(3)
; References
(12)
TRT Terms: Subject Areas: Design; Economics; Highways; Maintenance and Preservation; Pavements; I22: Design of Pavements, Railways and Guideways
Files: TRIS, TRB
Created Date: Jan 29 1982 12:00AM
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