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Long-Run Construction Cost Trends: Baumol’s Cost Disease and a Disaggregate Look at Building Material Price Dynamics
Publisher: American Society of Civil Engineers
Abstract: Decision-support tools for infrastructure planning assume that the real cost of construction (i.e., the cost of construction when adjusting for inflation) will remain constant over the life cycle of a facility. This ...
Does Pavement Degradation Follow a Random Walk with Drift? Evidence from Variance Ratio Tests for Pavement Roughness
Publisher: American Society of Civil Engineers
Abstract: Planning agencies increasingly use pavement management systems (PMS) to determine an optimal preservation strategy for their roadway assets. To develop cost-effective resource allocation policies, it is important that a ...
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