Life-Cycle Cost Analysis for Management of Highway Assets

TRB's National Cooperative Highway Research Program (NCHRP) Synthesis 494: Life-Cycle Cost Analysis for Management of Highway Assets documents the state of the practice of life-cycle cost analysis (LCCA) and risk-based analysis into state highway agencies' asset management plans for pavements and bridges on the National Highway System. The objective of this project was to develop an inventory of quantitative asset-level, project-level, or corridor-level processes and models for predicting life-cycle costs associated with the preservation and replacement of highway assets. The report includes a literature review, a survey of highway agencies, and case studies that document specific highway agency experiences with LCCA.