The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making

In the journey towards sustainably preserving road infrastructures, financial planning and its asset management are essential to preserve and rejuvenate at its life cycle stages efficiently. There are many methods and efforts to integrate current practices. The road components assets' Life Cycl...

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Published in:IOP Conference Series: Earth and Environmental Science
Main Author: Abd Rahman M.F.; Zakaria R.; Shamsudin S.M.; Aminudin E.; Yousif O.S.
Format: Conference paper
Language:English
Published: Institute of Physics 2022
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85142222268&doi=10.1088%2f1755-1315%2f1067%2f1%2f012061&partnerID=40&md5=8bc84fad0b65881d6f1b0223c708617a
id 2-s2.0-85142222268
spelling 2-s2.0-85142222268
Abd Rahman M.F.; Zakaria R.; Shamsudin S.M.; Aminudin E.; Yousif O.S.
The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making
2022
IOP Conference Series: Earth and Environmental Science
1067
1
10.1088/1755-1315/1067/1/012061
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85142222268&doi=10.1088%2f1755-1315%2f1067%2f1%2f012061&partnerID=40&md5=8bc84fad0b65881d6f1b0223c708617a
In the journey towards sustainably preserving road infrastructures, financial planning and its asset management are essential to preserve and rejuvenate at its life cycle stages efficiently. There are many methods and efforts to integrate current practices. The road components assets' Life Cycle Cost (LCC) will have an impact in terms of more substantial cost investment since reliable cost information is rarely sufficient. The final budget of various road projects should be calculated based on the Life cycle costing, which covers both costs and revenues for the period of development until post-construction. This paper focuses on the importance of the Life cycle costing components to the green highway project, and it also responds to the sustainability of road infrastructure development literatures reported. This paper also highlights the anticipated results, leading to the identification of crucial models in creating the Life cycle costing decision-making instrument. The findings of this paper have significance in terms of encouraging stakeholders to react to green highway evolution and establish Life cycle costing as a decision-making tool. © 2022 Institute of Physics Publishing. All rights reserved.
Institute of Physics
17551307
English
Conference paper
All Open Access; Gold Open Access
author Abd Rahman M.F.; Zakaria R.; Shamsudin S.M.; Aminudin E.; Yousif O.S.
spellingShingle Abd Rahman M.F.; Zakaria R.; Shamsudin S.M.; Aminudin E.; Yousif O.S.
The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making
author_facet Abd Rahman M.F.; Zakaria R.; Shamsudin S.M.; Aminudin E.; Yousif O.S.
author_sort Abd Rahman M.F.; Zakaria R.; Shamsudin S.M.; Aminudin E.; Yousif O.S.
title The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making
title_short The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making
title_full The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making
title_fullStr The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making
title_full_unstemmed The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making
title_sort The Importance of Life Cycle Cost (LCC) Components for Emerging Green Costs Incurred in Green Highway Budget Preparation Decision-Making
publishDate 2022
container_title IOP Conference Series: Earth and Environmental Science
container_volume 1067
container_issue 1
doi_str_mv 10.1088/1755-1315/1067/1/012061
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85142222268&doi=10.1088%2f1755-1315%2f1067%2f1%2f012061&partnerID=40&md5=8bc84fad0b65881d6f1b0223c708617a
description In the journey towards sustainably preserving road infrastructures, financial planning and its asset management are essential to preserve and rejuvenate at its life cycle stages efficiently. There are many methods and efforts to integrate current practices. The road components assets' Life Cycle Cost (LCC) will have an impact in terms of more substantial cost investment since reliable cost information is rarely sufficient. The final budget of various road projects should be calculated based on the Life cycle costing, which covers both costs and revenues for the period of development until post-construction. This paper focuses on the importance of the Life cycle costing components to the green highway project, and it also responds to the sustainability of road infrastructure development literatures reported. This paper also highlights the anticipated results, leading to the identification of crucial models in creating the Life cycle costing decision-making instrument. The findings of this paper have significance in terms of encouraging stakeholders to react to green highway evolution and establish Life cycle costing as a decision-making tool. © 2022 Institute of Physics Publishing. All rights reserved.
publisher Institute of Physics
issn 17551307
language English
format Conference paper
accesstype All Open Access; Gold Open Access
record_format scopus
collection Scopus
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