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.