Life Cycle Cost Analysis of a Major Public Project
Journal Title: International Journal of Engineering and Science Invention - Year 2018, Vol 7, Issue 7
Abstract
India is a fast growing country and being a developing nation, one of its major focuses is infrastructure development. The term infrastructure mainly refers to railways, highways, airports, bridges, ports and harbors,etc. Of these, the most important is the roadways. A country can develop only if it has a planned and efficient road network. Cost of road works involves initial costs for land acquisition, design expenses, construction of road pavement, etc. and future costs for maintenance, repairs, reworks, rehabilitation, and operation over the entire life span of the road project. It is very important to thoroughly study and analyze these costs beforehand so as to make the right investment and to avoid losses in the future. Life cycle cost analysis is an economic tool which is used to evaluate the feasibility of the project considering various costs associated with the project over its total life span. This research paper deals with the LCCA of an existing flexible pavement to check if the money spent on maintenance and repairs is justified. This is done by the Net Present Value method of analysis. Further, a conclusion is drawn whether to continue spending on maintenance or to entirely demolish the pavement and reconstruct a new one. This paper also compares the life cycle costs of flexible and rigid pavements and suggests an economical alternative to avoid losses and improve the serviceability of the road.
Authors and Affiliations
Mr. ShivrajRamakant Gade, Mr. AjinkyaVikram Jadhav, Mr. NikhilDilip Jadhav, Prof. Kalyani Kulkarni
Keywords
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