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- W2118356114 abstract "Pavement management systems, and now more broadly asset management systems, have been accepted and implemented by many agencies worldwide. Life cycle analysis is a key component of these systems at both the project and network level. However, the incorporation of asset value in life cycle analysis has received little attention. Rather, current and future costs are the prime elements. The time has come though where owners or operators of the asses, the latter particularly in the case of privatization, are starting to require the explicit incorporation of asset value in the life cycle analysis. In other words, the issue is what was the asset worth when built, today, and what is it estimated to be in future years under various alternative strategies and funding scenarios. This paper is based on a highway asset valuation and performance indicators study carried out for the Transportation Association of Canada. It describes the role of asset valuation in asset management, the available methodologies and their applicability and the direct incorporation and reporting of asset value in the life cycle analysis. As well, the paper describes the associated performance indicators related to the genera, macro level, service quality to users, functional effectiveness and preservation effectiveness. Finally, the paper identifies the major issues and requirements involved in the proper application or use of asset valuation in life cycle analysis." @default.
- W2118356114 created "2016-06-24" @default.
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- W2118356114 date "2002-08-01" @default.
- W2118356114 modified "2023-09-23" @default.
- W2118356114 title "ASSET VALUATION METHODOLOGIES AND PERFORMANCE MEASUREMENT IN LIFE-CYCLE ANALYSIS" @default.
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