Transportation Asset Management Case Studies
Economics in Asset Management: The New York Experience
What has NYSDOT Learned?
NYSDOT has made several important findings in its quest to implement Asset Management principles:
- The use of economic and other management tools is contingent on having clear lines of decision-making authority and accountability, particularly in a highly decentralized organization such as NYSDOT.
- There is a need to continuously improve economic tools and methods to take advantage of improved automation and information management technologies.
- Economic tradeoff analysis can play an important role in integrating the outputs of individual management systems.