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Engineering Commons

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Purdue University

2005

Agency Cost

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Full-Text Articles in Engineering

Life Cycle Cost Analysis For Indot Pavement Design Procedures, Geoffery Lamptey, Muhammad Z. Ahmad, Samuel Labi, Kumares C. Sinha Jan 2005

Life Cycle Cost Analysis For Indot Pavement Design Procedures, Geoffery Lamptey, Muhammad Z. Ahmad, Samuel Labi, Kumares C. Sinha

JTRP Technical Reports

Given the aging of highway pavements, high traffic levels, and uncertainty of sustained preservation funding, there is a need for balanced decision-making tools such as LCCA to ensure long-term and cost-effective pavement investments. With driving forces such as ISTEA 1991, the NHS Act of 1995, and TEA-21, LCCA enables evaluation of overall long-term economic efficiency between competing alternative investments and consequently has important applications in pavement design and management. It has been shown in past research that more effective long-term pavement investment could be made at lower cost using LCCA. Current LCCA-based pavement design and preservation practice in Indiana could …