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Software
Quick, Easy, Three Easy Steps
to Good LCCA Analysis
and Unbiased
New software called LCCAExpress is
making life easier for engineers who
1. Discount Rate:
The Real Deal
perform life-cycle cost analysis (LCCA) for While some have argued in favor of a
pavements. The new software, available negative discount rate, the APA points
free from the Asphalt Pavement Alliance out that the time value of money doesnt
(APA), uses the principles recommended by work that way. A 2010 dollar is inevitably
worth more than a 2030 dollar, or a 2050
the Federal Highway Administration (FHWA)
dollar. Accordingly, LCCAExpress uses
to compare the economics of alternative
a real discount rate, based on published
designs for a given road project. information from the U.S. governments
2.
Office of Management and Budget.
LCCAExpress is a simplified version of the
APAs original LCCA software. Geared to
Inputs:
less-complex projects, its quick and easy
Use Real Information
to use. Beyond ease of use, its important
that it is based on the standard principles Inputs should come from relevant,
historical data on previously bid projects
set out by FHWA. LCCAExpress is unbiased
of a comparable scale for a given location.
and reliable. Pavement performance periods (initial,
rehabilitation, overlay, etc.) should be
Download LCCAExpress for free at determined based on pavement data and
AsphaltRoads.org. While youre there, historical experience. Dont let promoters
note that the original LCCA software is tell you what data to use get it from the
3.
still available for more-complex projects. historical records.
Reference
For background information on the discount rate, how it works, and what value should be used in life-cycle
cost analysis, consult Circular No. A-94 from the White House Office of Management and Budget.
www.whitehouse.gov/omb/rewrite/circulars/a094/a094.html