Transportation Asset Valuation
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
University of Toledo / OhioLINK
2014
|
| Subjects: | |
| Online Access: | http://rave.ohiolink.edu/etdc/view?acc_num=toledo1418387965 |
| id |
ndltd-OhioLink-oai-etd.ohiolink.edu-toledo1418387965 |
|---|---|
| record_format |
oai_dc |
| spelling |
ndltd-OhioLink-oai-etd.ohiolink.edu-toledo14183879652021-08-03T06:28:36Z Transportation Asset Valuation Acharya, Dixhant Civil Engineering Asset valuation is a part of Transportation Asset Management Planning (TAMP). This thesis deals with valuing different assets in transportation sector like pavements, bridges, traffic lights, signs and etc. The Ohio Department of Transportation database for pavement is the main focus for asset valuation in this research. The main objective of this thesis is to use different types of asset valuation approaches/ method to determine the value of transportation assets. The importance of asset valuation is highlighted by the significant role it plays in determining priorities for future investment. The main purpose of this thesis is to review different valuation method that includes depreciation and also compare the valuation method to get a general idea on what each valuation method represents. The results obtained further serves the purpose to come up with a valuation method that could be used by Ohio Department of Transportation. The research into various valuation method resulted in selection of primarily three valuation method Replacement Cost, Book Value, and Written down Replacement Cost method. The Written down replacement cost method incorporates the pavement condition rating so; it could be further adjusted for best and worst condition for the pavement to get asset value. Replacement cost method gave a measure on the cost to replace the existing asset with a new one. Book value method incorporated historical construction cost depreciated to current time; the depreciation function selected was straight line depreciation. The major issue faced during the research was unavailability of historical cost and construction year data so; the use of Construction price index and replacement cost for 2014 was done to calculate historical cost for the year 2012. The record for historical data needs to be kept properly in order for any transportation agency to know how well it has been retaining its asset value. The conclusion that has been derived is to add Written down Replacement Cost method to Replacement Cost method in practice by Ohio Department of Transportation for valuing its asset. 2014 English text University of Toledo / OhioLINK http://rave.ohiolink.edu/etdc/view?acc_num=toledo1418387965 http://rave.ohiolink.edu/etdc/view?acc_num=toledo1418387965 unrestricted This thesis or dissertation is protected by copyright: some rights reserved. It is licensed for use under a Creative Commons license. Specific terms and permissions are available from this document's record in the OhioLINK ETD Center. |
| collection |
NDLTD |
| language |
English |
| sources |
NDLTD |
| topic |
Civil Engineering |
| spellingShingle |
Civil Engineering Acharya, Dixhant Transportation Asset Valuation |
| author |
Acharya, Dixhant |
| author_facet |
Acharya, Dixhant |
| author_sort |
Acharya, Dixhant |
| title |
Transportation Asset Valuation |
| title_short |
Transportation Asset Valuation |
| title_full |
Transportation Asset Valuation |
| title_fullStr |
Transportation Asset Valuation |
| title_full_unstemmed |
Transportation Asset Valuation |
| title_sort |
transportation asset valuation |
| publisher |
University of Toledo / OhioLINK |
| publishDate |
2014 |
| url |
http://rave.ohiolink.edu/etdc/view?acc_num=toledo1418387965 |
| work_keys_str_mv |
AT acharyadixhant transportationassetvaluation |
| _version_ |
1719437496196005888 |