Life Cycle Cost Analysis State-of-the-practice


Book Description

This report provides an outline for the engineer seeking to conduct a Life-Cycle Cost Analysis (LCCA) in pavement design and selection. The guidance, recommendations, and default values provided here were collected from 10 years of paving projects. Most of these projects were constructed or rehabilitated in the mid 1980s in order to evaluate the current design and construction practices in the State of Colorado. At this time, the Colorado Department of Transportation uses a deterministic approach to the LCCA and is researching the move toward a probabilistic LCCA.







Life-cycle Cost Analysis in Pavement Design


Book Description

This Interim Technical Bulletin recommends procedures for conducting Life-Cycle Cost Analysis (LCCA) of pavements, provides detailed procedures to determine work zone user costs, and introduces a probabilistic approach to account for the uncertainty associated with LCCA inputs.




Bridge Life-cycle Cost Analysis


Book Description

Accompanying CD-ROM contains software, Guidance manual, User manual, and appendixes to report.







Life Cycle Cost Analysis of Pavements


Book Description

Abstract: Life Cycle Cost Analysis (LCCA) is performed by transportation agencies in the design phase of transportation projects in order to be able to implement more economical strategies, to support decision processes in pavement type selection (flexible or rigid) and also to assess the relative costs of different rehabilitation options within each type of pavement. However, most of the input parameters are inherently uncertain. In order to implement the LCCA process in a reliable and trustworthy manner, this uncertainty must be addressed. This thesis summarizes a through research that aims at improving the existing LCCA approach for South Carolina Department of Transportation (SCDOT) by developing a better understanding of the parameters used in the analysis. In order to achieve this, a comprehensive literature review was first conducted to collect information from various academic and industrial sources. After that, two surveys were conducted to survey the state-of-the-practice of LCCA across the 50 U.S. Departments of Transportation (DOTs) and Canada. The questionnaires were designed to gauge the level of LCCA activity in different states as well as to solicit information on specific approaches that each state is taking for pavement type selection. The responses obtained from the web surveys were analyzed to observe the trends regarding the various input parameters that feed into the LCCA process. The results were combined with the additional resources in order to analyze the challenges to implementing the LCCA approach. The survey results showed LCCA is used widely among transportation agencies. However, the extent of the analysis varies widely and is presented here.




Environmental Life Cycle Costing


Book Description

Balances Scientific and Economic Points of View to Thoroughly Address Management Issues Responding to the need for clarification and benchmarks, Environmental Life Cycle Costing provides the fundamental basis on which to establish a definitive methodology. Clearly defining environmental LCC, this book balances scientific and econom




Life Cycle Costing


Book Description

Evaluating the cost of acquiring major pieces of equipment also necessitates costing their life maintenance. Providing coverage of recent advances in this field, this book covers such topics as reliability improvement warranty, computer hardware/software costing, and reliability engineering.




Life Cycle Costing for Design Professionals


Book Description

This revised second edition of the standard reference for design professionals supplies an arsenal of economic weapons for constructing, operating, and managing buildings at the lowest cost possible. Everything professionals need to put the latest construction-related strategies to work is right here in one convenient, quick reference guide.




Whole Life-Cycle Costing


Book Description

Whole life-cycle costing (WLCC) is rapidly becoming the standard method for the long-term cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects. Whole-life costing: risk and risk responses offers a thorough grounding in both the theory and practical application of WLCC. Part I deals with the fundamentals, providing the general background to appreciate WLCC concepts and whole life risk management techniques at the key decision-making milestones through a project’s life. Part II covers the design stage, including service life forecasting and environmental life-cycle assessment techniques in WLCC. Practical frameworks both for assessing whole life risks and risk responses, as well as guidance on developing WLCC budget estimates are also developed. In Part III, the authors consider WLCC during the construction and operations stages, with a strong emphasis upon risk analysis methods and dynamic WLCC assessment. With its mixture of established theory, best practice and innovative approaches, this book will help you make more accurate assessments of the long-term cost effectiveness of projects by: providing a thorough grounding in the theory of WLCC demonstrating how decision-making uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the post-occupancy costs.