Publication detail

Life-Cycle Costs in Economic Analysis of Road Infrastructure Projects

HROMÁDKA, V. VÍTKOVÁ, E.

Original Title

Life-Cycle Costs in Economic Analysis of Road Infrastructure Projects

Type

conference paper

Language

English

Original Abstract

Projects of road infrastructure are in the most cases big projects or megaprojects of national or international importance, which consists not only in the expected benefits for the society, but also in costs connected with these projects in partial phases of their life cycle. The economic analysis of these projects evaluates the relation between costs mentioned above on the side of inputs and expected benefits on the side of outputs. This paper deals with the influence of life-cycle costs of the road infrastructure project on its total economic evaluation. There are evaluated the possibilities of the life-cycle costs assessment in the pre-investment phase and possible differences in the assessment of these costs using various approaches are identified. The importance of life-cycle costs in the economic analysis and the impact of possible changes in their assessment on the economic evaluation are presented on the case study including the set of road infrastructure projects. The objective of the paper is to evaluate the need of the detailed elaboration of the calculation of investment costs in the pre-investment phase of the life cycle of the projects for needs of the ex-ante evaluation of its economic efficiency. The output of the paper is the case study elaborated on the set of road infrastructure projects carried out in the Czech Republic.

Keywords

Life-Cycle Costs; Transport Infrastructure; Economic Efficiency; Valuation

Authors

HROMÁDKA, V.; VÍTKOVÁ, E.

Released

27. 9. 2017

Publisher

Croatian Association for Construction Management, University of Zagreb, Faculty of Civil Engineering

Location

Záhřeb

ISBN

978-953-8168-21-5

Book

13TH INTERNATIONAL CONFERENCE ORGANIZATION, TECHNOLOGY AND MANAGEMENT IN CONSTRUCTION - CONFERENCE PROCEEDINGS

Pages from

316

Pages to

323

Pages count

8

URL

http://www.otmc2017.com/proceedings-cmd

BibTex

@inproceedings{BUT140106,
  author="Vít {Hromádka} and Eva {Vítková}",
  title="Life-Cycle Costs in Economic Analysis of Road Infrastructure Projects",
  booktitle="13TH INTERNATIONAL CONFERENCE ORGANIZATION, TECHNOLOGY AND MANAGEMENT IN CONSTRUCTION - CONFERENCE PROCEEDINGS",
  year="2017",
  pages="316--323",
  publisher="Croatian Association for Construction Management, University of Zagreb, Faculty of Civil Engineering",
  address="Záhřeb",
  isbn="978-953-8168-21-5",
  url="http://www.otmc2017.com/proceedings-cmd"
}