Managing cost implications for highway infrastructure sustainability

Goh, Kai Chen and Yang, Jay (2014) Managing cost implications for highway infrastructure sustainability. International Journal of Environmental Science and Technology . ISSN 1735-2630

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Official URL: http://dx.doi.org/10.1007/s13762-014-0572-5

Abstract

Highway construction works have significant bearings on all aspects of sustainability. With the increasing level of public awareness and government regulatory measures, the construction industry is experiencing a cultural shift to recognise, embrace and pursue sustainability. Stakeholders are now keen to identify sustainable alternatives and the financial implications of including them on a life cycle basis. They need tools that can aid the evaluation of investment options. To date, however, there have not been many financial assessments on the sustainability aspects of highway projects. This is because the existing life cycle costing analysis models tend to focus on economic issues alone and are not able to deal with sustainability factors. This paper provides insights into the current practice of life cycle cost analysis, and the identification and quantification of sustainability-related cost components in highway projects through literature review, questionnaire surveys and semi-structured interviews. The results can serve as a platform for highway project stakeholders to develop practical tools to evaluate highway investment decisions and reach an optimum balance between financial viability and sustainability deliverables.

Item Type:Article
Uncontrolled Keywords:highway infrastructure; cost analysis; life cycle; sustainability
Subjects:T Technology > TE Highway engineering. Roads and pavements
Divisions:Faculty of Technology Management and Business > Department of Production and Operation
ID Code:5834
Deposited By:Normajihan Abd. Rahman
Deposited On:29 Oct 2014 16:50
Last Modified:29 Oct 2014 16:50

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