LEADER 04685nam 2200577 450 001 9910821358003321 005 20230803214801.0 010 $a1-78040-528-6 035 $a(CKB)3780000000054603 035 $a(EBL)3425855 035 $a(SSID)ssj0001578630 035 $a(PQKBManifestationID)16254479 035 $a(PQKBTitleCode)TC0001578630 035 $a(PQKBWorkID)14861169 035 $a(PQKB)11699312 035 $a(MiAaPQ)EBC3425855 035 $a(Au-PeEL)EBL3425855 035 $a(CaPaEBR)ebr11080163 035 $a(OCoLC)929152554 035 $a(EXLCZ)993780000000054603 100 $a20150804h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPractitioner's guide to economic decision making in asset management background and guidance$hPart I$iBackground /$fby David Marlow, David Beale, Scott Gould 210 1$aAlexandria, Virginia :$cWater Environment Research Foundation,$d2014. 210 4$dİ2014 215 $a1 online resource (278 p.) 300 $aDescription based upon print version of record. 320 $aIncludes bibliographical references. 327 $a""Cover""; ""Practitioner's Guide to Economic Decision Making in Asset Management: Part I: Background""; ""Copyright""; ""Acknowledgments""; ""Abstract and Benefits""; ""Table of Contents""; ""List of Tables""; ""List of Figures""; ""List of Acronyms and Abbreviations""; ""Executive Summary""; ""Chapter 1.0: Project Background""; ""1.1 Infrastructure Investment Challenges""; ""1.2 Funding Water Sector Investments""; ""1.3 Need for New Approaches""; ""1.4 Economic Decision Making""; ""1.5 What Economic Decision Making Isn't""; ""1.6 Purpose of This Guid"" 327 $a""1.7 Links with Other WERF Initiatives""""1.8 Scope of this Report""; ""1.9 Ethical Perspective""; ""1.10 Report Structure""; ""1.11 Report Roadmap""; ""Chapter 2.0: Sewage Systems and Their Management""; ""2.1 Introduction""; ""2.2 Sewerage Assets""; ""2.3 Asset Management""; ""2.3.1 Integrating Asset Management into the Business""; ""2.3.2 The Role of Key Performance Indicators""; ""2.4 Investing in Assets""; ""2.4.1 Asset Acquisition""; ""2.4.2 Capital Interventions""; ""2.4.3 Planning for Asset Management Investments""; ""Chapter 3.0: Economic Decision Making""; ""3.1 Introduction"" 327 $a""3.2 Economic Theory""""3.2.1 Total Economic Value""; ""3.2.2 Economic Tradeoffs""; ""3.3 The Role of Economics in Asset Management Decisions""; ""3.3.1 Scope of Application""; ""3.3.2 Key Implementation Challenges""; ""3.4 Key Concepts in Economic Decision Making""; ""3.4.1 Risk""; ""3.4.2 Life Cycle Costs""; ""3.4.3 Multi-Criteria Perspectives""; ""3.4.4 Strategic Flexibility""; ""Chapter 4.0: Elements of Economic Analysis""; ""4.1 Introduction""; ""4.2 Costs""; ""4.2.1 Resource Costs""; ""4.2.2 Externality Costs""; ""4.2.3 Risk Costs""; ""4.2.4 WSP versus Societal View of Externalities"" 327 $a""4.3 Benefits and Avoided Costs""""4.4 Elements of Economic Analysis""; ""4.4.1 Estimating Resource Costs""; ""4.4.2 Estimating Externality Costs""; ""4.4.3 Estimating Risk Costs""; ""4.5 Future Asset Performance""; ""4.5.1 Reliability and Failure Rate""; ""4.5.2 Failure Modes""; ""4.5.3 Failure Rates for the Base Case""; ""4.5.4 Weibull Analysis""; ""4.5.5 Failure Rates for Alternative Interventions""; ""4.6 Treatment of Consequences""; ""4.6.1 Estimating Traffic Congestion and Customer Disruption""; ""4.6.2 Other Intangible Impacts""; ""4.7 Economic Valuation Methods"" 327 $a""4.7.1 Market Price Methods""""4.7.2 Surrogate (Revealed Preference) Methods""; ""4.7.3 Survey-Based (Stated Preference) Methods""; ""4.7.4 Benefit Transfer""; ""4.8 Assessing Relative Worth of Options""; ""4.8.1 Simple Payback Period""; ""4.8.2 B/C Ratio""; ""4.8.3 NPV Approach""; ""4.8.4 LCC and Cumulative Cost Calculations""; ""4.8.5 Annualized Equivalent Costs""; ""4.9 Other Elements of the Analysis""; ""4.9.1 Choice of Discount Rate""; ""4.9.2 Shadow Costs""; ""4.9.3 Analysis Period""; ""4.9.4 Uncertainty""; ""4.9.5 Revenues""; ""4.9.6 Available Budgets""; ""4.9.7 Inflation"" 327 $a""Chapter 5.0: Supporting Frameworks and Tools"" 606 $aAssets (Accounting) 615 0$aAssets (Accounting) 676 $a657.7 700 $aMarlow$b David$01679379 702 $aBeale$b David 702 $aGould$b Scott 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910821358003321 996 $aPractitioner's guide to economic decision making in asset management background and guidance$94047556 997 $aUNINA