Revolutionizing Transportation Asset Management: Prioritizing for Maximum Efficiency
The article discusses how transportation agencies are using asset management principles to prioritize resources for maintaining various assets. The study focuses on evaluating and prioritizing lower-cost assets like traffic signs and guardrails for systematic management. The researchers found that many agencies are making efforts to manage these assets, but there is a lack of data on collection costs. They recommend ongoing evaluation of asset management programs to ensure cost-effectiveness as they evolve. A benefit-cost framework is provided to guide this analysis.