ASSET VALUE PRACTICES AND FUNCTIONALITY (FHWA-OK-19-07 2283)

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dc.contributor.sponsorOklahoma Department of Transportation. Materials and Research Division. Office of Research & Implementationen
dc.creatorBittner, Jasonen
dc.creatorSilber, Hannahen
dc.date.accessioned2020-10-15T16:01:17Z
dc.date.available2020-10-15T16:01:17Z
dc.date.issued2020-01
dc.description.abstractProviding a better understanding of the value of the State of Oklahoma’s transportation assets as well as the maintenance activities necessary to keep them in a state of good repair is a key component of sustainable long-term asset management. This report enhances asset management planning efforts to better meet Federal requirements by providing a variety of approaches to valuation of transportation assets. The project also included a state of the practice review, a literature assessment, and a workshop and training overview of how to apply a variety of approaches. Losses to state highway functionality over time were categorized and examined to assess what actions can help preserve, reestablish, improve and enhance functionality in the future as a means to also evaluate the transportation network. The project identified ways to influence functionality of transportation assets, enhance safety and reduce future maintenance and investment expenditures. Ultimately, this effort detailed alternative approaches to business processes in Oklahoma with respect to asset management strategies and practices. Some further research is needed to determine if the new approaches would be worth the level of effort to launch new practices.en_US
dc.description.peerreviewNoen_US
dc.description.versionFinal Report October 2018-December 2019en
dc.format.extent52 pagesen
dc.format.extent1,320,237 bytesen
dc.format.mediumapplication.pdfen
dc.identifier.govdocFHWA-OK-19-07en
dc.identifier.otherOklahoma Department of Transportation State Planning and Research item number 2283en
dc.identifier.urihttps://hdl.handle.net/11244/325611
dc.languageen_USen_US
dc.relation.ispartofseriesNoen
dc.relation.requiresAdobe Acrobat Readeren
dc.subject.keywordsAsset Valuationen
dc.subject.keywordsFunctionalityen
dc.subject.keywordsAsset Managementen
dc.subject.keywordsGASB-34en
dc.titleASSET VALUE PRACTICES AND FUNCTIONALITY (FHWA-OK-19-07 2283)en_US
dc.typeTechnical Reporten_US
dc.type.materialtexten

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