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Economic Paradigms for Infrastructure Management

by Paul D. Thompson, Cambridge Systematics, Cambridge, United States,



Document Type: Proceeding Paper

Part of: Infrastructure: Planning and Management

Abstract:

A key characteristic which has emerged in infrastructure management system is the use of economic models at the network level (as opposed to project level) to help in evaluating program proposals and optimizing project selection and funding allocation. This paper uses selected examples of management system for highway to illustrate the range of techniques which are available and to explain how the decision environment affects the choice of methods.

Subject Headings: Systems management | Highway and road management | Economic factors | Management methods | Infrastructure | Optimization models | Financing

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