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Title: LIFE-CYCLE COST ANALYSIS: STATE OF THE PRACTICE VERSUS STATE OF THE ART
Accession Number: 00978407
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: Life-cycle cost analysis (LCCA) is increasingly gaining recognition by the transportation community as an indispensable practice if the sustainability of its infrastructure systems is to be realized. The product of a 3-year study that assessed the LCCA practice in state highway agencies (SHAs) is presented. The study examined how LCCA practice changed in two decades, surveyed the way LCCA is practiced currently at SHAs in the United States, and reviewed how this evaluation technique is deliberated by the academics and researchers in the engineering and economics domains. Results of this study prove noteworthy in the inspection of an observed gap between the state of the practice and state of the art of LCCA. After all, that gap set up grounds for the noted mistrust in the credibility of LCCA. In addition to study results, an analysis of the observed gap and its causes is presented as well as recommendations for what can be done to bridge that gap. It is hoped that this will prove valuable for practitioners conducting LCCA, for policy makers, and for researchers carrying out studies on various topics related to LCCA.
Supplemental Notes: This paper appears in Transportation Research Record No. 1864, Transportation Finance, Economics, and Economic Development 2004.
Monograph Title: TRANSPORTATION FINANCE, ECONOMICS, AND ECONOMIC DEVELOPMENT 2004 Monograph Accession #: 00978398
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Ozbay, KaanJawad, DParker, N AHussain, SPagination: p. 62-70
Publication Date: 2004
Serial: ISBN: 0309094577
Features: Figures
(5)
; References
(26)
; Tables
(1)
TRT Terms: Subject Areas: Economics; Finance; Highways; Society; I10: Economics and Administration
Files: TRIS, TRB, ATRI
Created Date: Sep 8 2004 12:00AM
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