 Register Now |
 Download Brochure |
 Tweet This |
Share on Facebook
|
 Outlook / Google
Life Cycle Cost Analysis for Pavement Design
Vancouver, BC
(Mar 15 - 16, 2010)
Course Code: 00-0305-2049
After participating in this course, you will be able to:
compare competing alternatives for pavement design and rehabilitation
understand and assess the inputs used for life-cycle costing
develop both deterministic and probabilistic life-cycle cost model
apply the principals of life-cycle costing to investment decision making
use net present value and benefit cost ratios to assess relative benefit
conduct life-cycle cost principles to everyday work situations
Background and Objectives
The acceptance and widespread use of Life-Cycle Cost Analysis (LCCA) for asset management projects is on the increase and will continue to expand in the years ahead. More agencies are turning to life-cycle cost analysis because it identifies the most cost-effective long term alternative for highway construction maintenance and rehabilitation. LCCA is an analysis technique that builds on principles of economic analysis to evaluate the differences between competing alternative investment options. LCCA incorporates initial and discounted future agency, user, and other relevant costs over the life of alternative strategies and attempts to identify the best value (the lowest long term cost that satisfies the performance objective being sought) for investment alternatives.
Transport Canada is undertaking a cost allocation project to establish the whole life costs to provide all modes of infrastructure in Canada. A key component of this study is the establishment of life-cycle cost estimates for all functional classes of roadways at the Municipal, Provincial and Federal levels.
A key component of asset management and preservation is the use of life-cycle cost analysis (LCCA). LCCA is used to determine the best maintenance or rehabilitation strategy based on the total whole life cost the asset rather than just the initial costs. Key input parameters include the value of money, pavement preservation and rehabilitation strategies and their expected performance.
Program Outline and Learning Outcomes
EPIC is presenting a 1.5-day workshop on the principles of LCCA and how it is used in the context of overall transportation asset management. The course is focused on the practical aspects of LCCA in transportation asset management including:
• Economic formula.
• Interest rate, inflation rate, and discount rate.
• Approach (deterministic versus probabilistic).
• Analysis period.
• Elements to include in a life-cycle cost analysis (initial cost, maintenance and rehabilitation, construction user delay,
vehicle operating costs, etc.)
• Unit costs of construction, maintenance, and rehabilitation pay items.
• Initial asset service life.
• Performance characteristics and timing of maintenance and rehabilitation treatments.
• Salvage value determination.
• Using life-cycle costing principals to evaluate the effectiveness of pavement preservation treatments.
• Using life-cycle costing to answer the question, do I spend the money now or spend the money later?
Who Should Attend
The workshop will provide the greatest benefit to municipal and consulting engineers, technologists, and supervisory construction personnel involved in the maintenance of pavements. It is designed to address specific needs of those who manage pavement maintenance activities, select maintenance treatments, specify maintenance techniques and materials, supervise field maintenance operations, and provide quality assurance.
Benefits to Participants
The objective of this workshop is to show the participants how to take advantage of LCCA in making better decisions on how to direct resources to maintain and enhance pavement network performance including:
• Understanding of economic theory related to life-cycle costing.
• Ability to make funding decisions based on whole life cost.
• Effect of user delay and vehicle operating costs on pavement design and rehabilitation planning.
• Sensitivity of LCCA parameters in pavement selection.
• Techniques for using LCCA and agency-specific cost data for performing cost-effectiveness comparisons of different design
and rehabilitation alternatives
• Development of appropriate maintenance and rehabilitation plans.
• A copy of the presentation materials will be provided to all participants (participant notes and slides).
• Attendees will be provided with copies of the MS Excel spreadsheets for 6 complexity levels of LCCA modeling.
• Attendees will be provided with a synopsis of the LCCA procedure that is included in the new AASHTO Mechanistic-Empirical
Pavement Design Guide (NCHRP Project 1-37A) for the Design of Pavement Structures.
Program Outline
Workshop Instructor: David Hein, P.Eng., Applied Research Associates Inc.
Day I
8:00 Welcome and Registration
8:30 Understanding Economic Theory Related to Life-Cycle Costing
9:30 LCCA Using Present Value Method
Type of costs, discount rate, analysis period and elements to include in a life-cycle cost analysis (initial cost,
maintenance and rehabilitation, construction user delay, vehicle operating costs, etc.)
10:30 Refreshments and Networking
10:45 Using an MS Excel Spreadsheet for LCCA
11:15 Extension of Basic LCCA by Incorporating Design Evaluation and Risk Concepts, Sensitivity, User Costs
12:00 Lunch
1:00 Probabilistic Approach to Life-Cycle Costing
2:30 Refreshments and Networking
2:45 Introduction and Application of U.S. Federal Highway Administration Life-Cycle Cost Spreadsheet
3:30 Examples of Life-Cycle Costing for Pavement Maintenance and Rehabilitation Programs
Day II
8:30 Welcome and Review of Day 1 Concepts
9:00 Case Studies Outlining the Application and Benefits of LCCA
• Evaluation of the effectiveness of pavement preservation treatments
• Use of life-cycle cost techniques to evaluate the need to upgrade the surface type of low volume roadways
10:15 Refreshments and Networking
10:30 Case Studies Outlining the Application and Benefits of LCCA
• Impact of increasing roadway construction standards on the life-cycle cost of low volume municipal roadways
• Use of life-cycle cost procedures for pavement type alternative bidding
• Allocation of roadway asset life-cycle cost by vehicle type
12:00 Lunch
1:00 Discussion of How to Use Life-Cycle Costing Techniques to Assist Your Decision Making Processes
2:00 Concluding Remarks and Final Adjournment
1 CEU / 10 PDH
Faculty
David Hein
David Hein, P. Eng., is a principal engineer with ARA Transportation. Mr. Hein is a graduate of the University of Waterloo in Civil Engineering and has over 25 years or experience in the design, evaluation and management of pavements throughout North America and overseas. Mr. Hein has developed and completed numerous pavement design and management courses for government and private sector agencies. Mr. Hein is a regular technical contributor to technical conferences worldwide and is the chair of the World Roads Association flexible and semi-rigid pavement committee, the past chair of the Pavement Standing Committee of the Transportation Association of Canada and chair of the American Society of Civil Engineers interlocking concrete pavement structural design committee.
The fee for this course is $1,195 + Taxes. If you register after February 12, 2010 the fee increases to $1,365 + Taxes.
Venue Information
Executive Airport Plaza Hotel & Conference Centre
7311 Westminster Hwy
Vancouver, BC V6X 1A3
604 278-5555
Similar seminars being held on the following dates and locations:
On-Site Program
EPIC programs can also be delivered on-site at your premises. For more information on our on-site program, please contact Tim Chugh at 1-888-374-2338 ext. 242 or by email at tchugh@epic-edu.com.
Group Discounts, Cancellations And Withdrawals
Registration covers all program materials, refreshments during breaks and lunch but excludes accommodation. For organizations sending more than one participant, the following discounts to the course fee apply: 10% discount to the second, 15% to the third, 20% to the fourth and 25% to the fifth and subsequent registrations.
To withdraw from a course, you must send your request in writing with the official receipt to our office:
• Fifteen or more business days in advance: full refund less $50.00 administration charge.
• Five to fourteen business days in advance: non-refundable credit of equal value for any future EPIC seminar within one year.
Credits are transferable within your organization.
In case of an unexpected event occurring after this time, you may send someone else to take your place without any additional cost. If a speaker is not available due to unforeseen circumstances, another speaker of equal ability will be substituted. EPIC reserves the right to cancel or change the date or location of its events. EPIC's responsibility will, under no circumstances, exceed the amount of the fee collected. EPIC is not responsible for the purchase of non-refundable travel arrangements or accommodation or any associated cancellation/ change fees. To avoid any fees or charges, please call to confirm that the course is running before confirming travel arrangements and accommodations.
|
