Economics in Asset Management - The New York Experience
This case study details New York State DOT's efforts to upgrade and strengthen their analytical abilities. NYSDOT's management reforms created a strong foundation for an asset management program, and the agency found that economic analysis for comparison of investment opportunities would be a critical component to an effective TAM program. Economic, engineering, and mathematical analysis continue to constitute the core of NYSDOT’s TAM program. This report is part of the FHWA Office of Asset Management's series of case studies on TAM, produced with the goal of sharing information between agencies to improve efficiency.