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- W630984837 abstract "Life cycle cost analysis (LCCA) determines the overall cost of a project. Traditionally, construction and maintenance decisions consider short-term costs, not long-term financial impacts. LCCA considers acquisition costs, ongoing expenses, and disposal costs. When LCCA is applied to an individual asset, that asset can perform at an acceptable level of service, while potentially decreasing overall maintenance costs and worker exposure. When applied across an entire maintenance budget, the savings can be substantial. The goals of this project were to help Caltrans lower the budget needed to maintain its roadway system and to reduce worker exposure. This project produced three reporting tools, which allow users to estimate expenditures and labor hours needed to maintain each asset. Caltrans uses these tools to determine past maintenance expenditures on a per-asset basis and thereby estimate future costs. The tools compare expenditure and labor-hour information among districts, counties, and route classifications. While engineering judgment remains necessary, unusually high or low values can indicate problems that should be explored. Based on the authors' recommendations, Caltrans will be able to measure the annual expense of each type of asset within each asset group by assigning a unique number to each item within the inventory and associating each expense to the assets being maintained. This will allow Caltrans to make maintenance decisions based on a life cycle cost. Once decision makers use life cycle costs to make decisions, Caltrans should be able to achieve a greater overall level of service (LOS) with the same maintenance budget." @default.
- W630984837 created "2016-06-24" @default.
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- W630984837 date "2014-01-01" @default.
- W630984837 modified "2023-09-23" @default.
- W630984837 title "Maintenance Life-Cycle Cost Analysis Findings and Recommendations" @default.
- W630984837 hasPublicationYear "2014" @default.
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