Road Asset Value Calculation Based on Asset Performance, Community Benefits and Technical Condition

Abstract

The article presents a comprehensive asset management method. Here presented method aims to bridge the economic approach to asset management with the technical approach to road infrastructure life cycle, namely its resilience and performance. The presented asset value calculation methods are based both on socio-economic viewpoints on community benefits of an asset, as well as the technical aspect of the technical condition and residual life calculations of a road infrastructure. In contrast to common road asset management methods, asset value is not arbitrarily annually depreciated, instead, it is exactly calculated based on pavement performance models, pavement construction fatigue and paving material properties. Road asset value calculation is based on the asset performance and the technical condition of a pavement structure and other objects. Road asset performance is defined in terms of society and road user demands put on road category and its qualitative standard. Road asset technical condition is evaluated by the procurement cost calculation and condition deterioration. Value of condition deterioration is defined by residual life expectancy based on fatigue and construction reliability of the road infrastructure. The cross-asset allocation method is used for the creation of programs for claim and allocation of funding. The aim was to increase the credibility of the road administrators with the public as they present their decisions based on road asset management, and to increase the level of acceptance for practitioners.

Performance and Lifecycle of Hot Asphalt Mix Modified with Low-Percentage Polystyrene and Polybutadiene Compounds

“…The single variable in calculation was the material of the layer, i.e., the evaluated pavement varied in the bi course material. Three AC22 mixtures were considered in the binder course: The residual life-expectancy calculation was based on the pavement structure design methodology, as described by [43]. Such a process was composed of the rheological characteristics of the pavement structure layer calculation and the experimental measurement of the fatigue parameter ε 6 of the asphalt mixtures of the pavement layers.…”

Evaluation of Bitumen Modification Using a Fast-Reacting SBS Polymer at a Low Modifier Percentage

“…The residual life expectancy calculation is based on the pavement structure design methodology, as described by Remek et al [39][40][41]. Such a process is composed of rheological characteristics of pavement structure layers calculation and experimental measurement of fatigue parameter ε 6 of asphalt mixtures of the pavement layers.…”