Subjects addressed:General/TAM Practice, Life Cycle Costing/Economic Analysis
Topics addressed:Analytical Tools and Models
Asset types addressed:Pavement
DetailTitle: The Yellow Brick Road: What Economics Has to Do with Pavements and How HERS-ST Paves the Way
Resource type: Presentation
Year published: 2016
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.