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Title: APPLICATION OF EQUATION FOR ANNUAL ROAD COSTS
Accession Number: 00201905
Record Type: Component
Abstract: THE AVERAGE ANNUAL ROAD COST, EXPRESSED BY AN EQUATION GIVEN IN THE 1929 REPORT OF THE COMMITTEE ON HIGHWAY TRANSPORTATION COSTS, HIGHWAY RESEARCH BOARD, WAS SIMPLIFIED BY THE AUTHOR. CERTAIN FACTORS WERE REPLACED AND THE GENERAL EQUATION REDUCED TO: C = AR + B + 0.085 E SUB 10 + 0.052 E SUB 15 + 0.035 E SUB 20 IN WHICH E SUB 10 REPRESENTED THE ESTIMATED REPLACEMENT COST OF SUCH ITEMS AS HAVE AN EXPECTED LIFE FROM 10 TO 14 YEARS, E SUB 15 FROM 15 TO 19 YEARS, AND E SUB 20 FROM 20 TO 30 YEARS. C = AVERAGE ANNUAL ROAD COST; A = COST TO CONSTRUCT; B = YEARLY MAINTENANCE COST (EVERY YEAR); R = THE RATE OF INTEREST PREVAILING IN CURRENT STATE FINANCING. IN CONSIDERING CONSTRUCTION COSTS IN THE INTERESTING CONCEPTION WAS OFFERED THAT SINCE HIGHWAYS WERE ORIGINALLY BUILT AS MEANS OF COMMUNICATION AND IN LATER YEARS HAVE ALSO BECOME MEANS OF TRANSPORTATION, IN SOME CASES, THE COSTS INCIDENT TO THE TWO PURPOSES SHOULD BE SEPARATELY CONSIDERED. /AUTHOR/
Supplemental Notes: Vol 13, ParT I, PP 70-79, 2 TAB. 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 #: 01490412
Authors: Johannesson, SHitchcock, W WCollings, W RMorrison, R LEditors: Crum, Roy WDiscussers: MARSTON, A
Publication Date: 1934
Serial:
Highway Research Board Proceedings
Volume: 13 Media Type: Digital/other
TRT Terms: Uncontrolled Terms: Old TRIS Terms: Subject Areas: Construction; Design; Economics; Finance; Highways; Maintenance and Preservation; Research; Society
Files: TRIS, TRB
Created Date: Aug 23 1971 12:00AM
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