The objective of this paper was to develop a dynamic programming procedure using economic analyses to assist in optimizing expenditures in pavement resurfacing programs. Benefit relationships were determined from expected accident reduction, improved comfort, time saving, 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 in Kentucky. Over $8.4 million of additional user benefits would have been realized in 1976 if dynamic programming had been used in selecting projects. The benefit-cost ratio of sections selected for resurfacing by the present procedures was 3.21 compared to 4.22 if dynamic programming had been used.
Digital Object Identifier
Zegeer, Charles V.; Agent, Kenneth R.; and Rizenbergs, Rolands L., "Use of Economic Analyses and Dynamic Programming in the Selection of Projects for Resurfacing" (1980). Kentucky Transportation Center Research Report. 817.