LCC optimization for infrastructure
Title: LCC optimization for infrastructure
Author(s): J. Bakker, J. Schavemaker, M. ten Cate
Paper category : conference
Book title: 2nd International Symposium on Service Life Design for Infrastructures
Editor(s): K. van Breugel, Guang Ye, Yong Yuan
Publisher: RILEM Publications SARL
Publication year: 2010
Pages: 425 - 436
Total Pages: 12
Nb references: 10
Abstract: Public bodies should strive for a maximal value for taxpayers money. Road infrastructure is one of the means to create a public value: mobility. Generally design processes are focussed at creating new infrastructure for lowest founding cost. However, the cost of mobility are determined by both founding cost and exploitation cost. A focus at only the founding cost leads to ineffective investments in mobility. Life Cycle Costing techniques can provide a solution to achieve more cost effective investments, leading to more value for money.
The greatest benefit of life cycle costing can be obtained in the initiation phase of construction projects. Benefits, gradually decrease with each step towards the exploitation stage. Not withstanding that LCC optimisation is possible in all phases of the lifecycle of infrastructure LCC . In most cases simple, deterministic LCC calculations are sufficient to achieve a significant optimisation. Therefore LCC optimisation can, and should be part of every day life of employees of public bodies who have to decide and justify spending taxpayers money. In order to achieve a more optimal value for money understanding is needed of the underlying economical principles and technical properties, but also of human behaviour and organisatory aspects. This paper summarises the major opertunities for LCC-optimization in construction and operation processes. This is done from a perspective of the Dutch Ministry of Transport (Rijkswaterstaat).
Online publication: 2011-04-20
Publication type : full_text
Public price (Euros): 0.00