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Title: COST ESTIMATING UNDER UNCERTAINTY: ISSUES IN BRIDGE MANAGEMENT
Accession Number: 00763150
Record Type: Component
Availability: Transportation Research Board Library 500 Fifth Street, NW Abstract: Bridge management involves making decisions related to selecting the most cost-effective bridge improvement strategies both at the project and network levels. Typical cost variables include agency costs, user costs, discount rates, inflation, or interest rates, life-cycle costs, etc. Lack of reliable sources for accurate deterministic cost data has been identified as one of the shortcomings of current models of bridge management. Uncertainties can easily lead to making the wrong decisions, especially in selecting the best from pairs of closely ranked competing strategies. Historical records can be used to generate probabilistic estimates. Expert opinions may also be used to suggest subjective estimates or used to complement estimates obtained from historical records. This paper presents an overview of this uncertainty problem in cost estimating of bridge decision variables and also discusses suggestions on how to handle the uncertainty using analytical tools such as the fuzzy sets and probability theories. The decision-making algorithms in some existing bridge management systems and cost models are used to illustrate the suggested uncertainty-handling methods and also show how the uncertainties can affect the overall decision.
Report/Paper Numbers: F-6, IBMC-054
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Sobanjo, John OPagination: 12p
Publication Date: 1999
Conference:
Eighth Transportation Research Board Conference on Bridge Management
Location:
Denver, Colorado Features: Figures
(1)
; References
TRT Terms: Subject Areas: Bridges and other structures; Data and Information Technology; Design; Highways; I24: Design of Bridges and Retaining Walls
Files: TRIS, TRB
Created Date: Apr 28 1999 12:00AM
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