Summary
Subjects addressed:
General/TAM Practice, Life Cycle Costing/Economic AnalysisTopics addressed:
Analytical Tools and ModelsAsset types addressed:
PavementDetail
Title: The Yellow Brick Road: What Economics Has to Do with Pavements and How HERS-ST Paves the WayResource type: Presentation
Year published: 2016
Publisher: TRB
URL: http://onlinepubs.trb.org/onlinepubs/conferences/2016/AssetMgt/48.NathanielColey.pdf
Abstract:
This presentation explores the different methods of economic analysis for pavement management decisions. The presentation explains the advantages and disadvantages of Fundamentals of Economic (ROI) Analysis, HERS-ST analysis, benefit cost analysis, among others. It concludes with a more in-depth explanation of the HERS-ST software used by the FHWA.