Volume 6, No. 1, 2012
Received: 2012/01/18, Accepted:
Authors:
S. K. Bagui; A. K. Chakraborti; S. M. Bhadra;
Abstract:
This paper presents a methodology to determine the economic life of pavement based replacement theory/decision. The replacement theory is generally used for the determination of the replacement period of
machines, bulbs, vehicles, equipment, buildings, T.V. parts… etc. This theory has been used to determine the economic life pavement for a road project and a bridge project with a real case study. The economic life has been found out. The economic life of flexible pavement has been found to be 15 years for national highways.
This theory can be also applied to determine the economic life of new developed items/useful materials for highway projects.
Keywords:
Replacement theory, Operation research, Bridge replacement, Pavement replacement, Discount rate.