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Methodology For The Development Of A Highway Asset Management System For Indiana, Zongzhi Li, Kumares C. Sinha

JTRP Technical Reports

Highway asset management is a systematic process that aims to preserve, expand, and operate highway assets in the most cost-effective manner. It is an analytical tool that facilitates organized, logical, and integrated decision-making in asset management practice. This study proposes a methodology for the development of a highway asset management system that addresses asset valuation, performance modeling, marginal benefit analysis, and multicriteria decision-making, including tradeoff analysis as well as project selection and programming. While most existing management systems deal with individual physical highway assets or system usage only under certainty or risk, this research focuses on the management of an …