Abstract
The objective of this study was to develop a dynamic programming procedure using economic analyses to assist in optimizing expenditures in the pavement resurfacing program in Kentucky. Benefit relationships were determined from expected accident reduction, improved comfort, time savings, fuel savings, and maintenance savings. The only cost input to the program was the resurfacing cost of each project. Dynamic programming was adapted to the selection of projects for resurfacing. Over $8.4 million of additional user benefits would have been realized in 1976 if dynamic programming has been used in selecting projects. The benefit-cost ratio of sections selected for resurfacing was 3.21; dynamic programming would have yielded 4.22.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
