![]() Make initial strategy and analysis decisions.Typically, LCCA involves the following basic steps: LCCA should be used as a decision support tool when selecting pavement type, determining structure and mix type (for flexible pavements), construction methods, as well as maintenance and rehabilitation strategy. It attempts to identify the best value (the lowest long-term cost that satisfies the performance objective being sought) for investment expenditures.” It incorporates initial and discounted future agency, user, and other relevant costs over the life of alternative investments. ![]() “…an analysis technique that builds on the well-founded principles of economic analysis to evaluate the over-all-long-term economic efficiency between competing alternative investment options. The FHWA report FHWA-SA-98-079, Life-Cycle Cost Analysis in Pavement Design defines life-cycle cost analysis (LCCA) as: All new construction, reconstruction, rehabilitation and maintenance projects should employ some level of economic evaluation to determine the most cost effective method and timing.
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