TY - JOUR PY - 1987// TI - Cost-effectiveness analysis for strengthening existing bridges JO - Transportation research record A1 - Wipf, Terry J. A1 - Erickson, Donald L. A1 - Klaiber, F. Wayne SP - 9 EP - 17 VL - 1113 IS - N2 - An economic analysis procedure has been developed to assist in the decision-making process for replacing or strengthening a bridge having a deficient load-carrying capacity. Often, decisions are made either to strengthen or replace the structure by considering only the initial costs of each alternative without regard to life-cycle costs. The analysis procedure developed in this study determines an equivalent uniform annual cost for each alternative from which the most cost-effective alternative can be chosen. In addition, this procedure also allows cost comparisons to be made among various applicable strengthening methods. The equivalent uniform annual-cost procedures are based on mathematical models, commonly used in engineering economy studies, that involve cost comparisons between alternatives of different economic lives. A brief discussion of the life-cycle costs used in the mathematical models, and examples using the models developed, are included. Record URL: http://onlinepubs.trb.org/Onlinepubs/trr/1987/1113/1113-002.pdf
Language: en
LA - en SN - 0361-1981 UR - http://dx.doi.org/ ID - ref1 ER -