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Whole life cost analysis provides a holistic, long-term approach to planning road maintenance, with benefits for industry, users and the environment.
The estimated total value of roads in the European Union is EUR 8,000 billion. Keeping this crucial asset in good working condition through planned maintenance is no easy task. In light of restricted budgets, there will be more focus on increasing road efficiency, and therefore an emphasis on maintenance, road performance and asset preservation.
Carrying out regular road condition surveys and planned maintenance is an effective means of managing Europe’s road infrastructure. Many factors must be taken into consideration for the best strategies to be implemented.
In this Guide, we explore whole life costing and how it can be used to maximise the lifespan of roads using the most economical approach possible.
The aim of whole life costing is to determine the total cost of ownership of an asset. This is done by calculating the direct and indirect costs that may occur during the asset's lifecycle. As a result, decision makers have a source of information that allows them to compare various maintenance strategies and determine the most economical option over a defined period.
Stina started at Nynas as Supply Chain planner EMEA after graduating from Linköping University with a Master of Science in Industrial Engineering and Management in 2007. She moved on to roles as Supply Chain Analyst, Contract Manager Supply Chain, and Planning Manager Supply Chain. Since December 2016, Stina has been Head of Supply Chain EMEA. Find out what's on her mind.Read more about The brains of Nynas: Stina Wiqvist
NYNAS® has developed a series of NYTEX® process oils to improve the performance of polyurethane polymers used in plastics and resins, offering cost efficiency and enhancing a range of everyday products that are found all around us.Read more about Producers choose Nynas NYTEX® oils to boost polyurethane polymers