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013017

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Published by: Wisdom Patrick Enang on Sep 12, 2010
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Life-Cycle Cost Analysisin Pavement Design
- In Search of Better Investment Decisions -Pavement Division Interim Technical BulletinSeptember 1998
Publication No. FHWA-SA-98-079
 
This
 Interim Technical Bulletin
presents technical guidance and recommendations on good/bestpractices in conducting Life-Cycle Cost Analysis (LCCA) in pavement design. The
 Bulletin
will be of interest to State highway agency personnel responsible for conducting and/or reviewing pavementdesign LCCAs.To reinforce this publication, the FHWA Office of Engineering, Pavement Division, in cooperation withthe Office of Technology Applications, offers LCCA technical support through FHWA DemonstrationProject No.115,
Probabilistic LCCA in Pavement Design
(DP-115). DP-115 is a free 2-dayworkshop that demonstrates good/best practices in performing life-cycle cost analyses for pavementdesign
.
This workshop is available, upon request, to State highway agencies.This publication and DP-115 support the FHWA’s response to the Transportation Equity Act for the21st Century legislative mandate to develop recommended procedures for conducting LCCA onNational Highway System projects.Henry H. Rentz, DirectorOffice of EngineeringFederal Highway AdministrationThe United States Government does not endorse products or manufacturers. Trade or manufacturers’names appear herein only because they are considered essential to the objective of this document.
 
1. Report No.2. Government Accession No.3. Recipients Catalog Number4. Title and Subtitle5. Report Date6. Performing Organization Code7. Author(s)8. Performing Organization Report10. Work Unit No. (TRAIS)9. Performing Organization Name and Address12. Sponsoring Agency name and Address11. Contract or Grant No.13. Type of Report and Period Code14. Sponsoring Agency Code15. Supplementary Notes16. Abstract17. Key Words18. Distribution Statement19. Security Classif. (of this report)20. Security Classif. (of this page)21. No. of Pages22. Price
Form DOT F 1700.7 (8-72)Reproduction of completed page authorized
Technical Report Documentation Page
Life-Cycle Cost Analysis in Pavement Design —Interim Technical BulletinSeptember 1998
James Walls III and Michael R. Smith
Pavement Division, HNG-40Office of Engineering — Federal Highway Administration400 7
th
Street SW, Washington, DC 20590Federal Highway Administration400 7th Street, SWWashington, DC 20590
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 aprobabilistic approach to account for the uncertainty associated with LCCA inputs. The
 Bulletin
beginswith a discussion of the broad fundamental principles involved in an LCCA. It discusses input parametersand presents simple examples of traditional LCCA in a pavement design setting. It discusses the variabilityand inherent uncertainty associated with input parameters, and provides recommendation on acceptableranges for the value of time as well as discount rates. It explores the use of sensitivity analysis intraditional LCCA approaches. User costs are a combination of delay, vehicle operating costs, and crashcosts. Each of these cost components is explored and procedures are presented to determine their value.Given the power and sophistication of today’s computers and software, simulation techniques such asMonte Carlo are recommended for incorporating variability associated with LCCA inputs into final results.
Life-Cycle Cost Analysis (LCCA), User Costs,Probability, Risk, Monte Carlo, Simulation, DiscountRate, Value of Time
No restrictionsNone UnclassifiedNone Unclassified
107FHWA-SA-98-079

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