Affiliation:
1. University of Wisconsin–Madison
Abstract
This article defines Transportation Asset Management (TAM) as a systematic process of operating, maintaining, and upgrading physical assets cost-effectively. TAM combines engineering and mathematical analyses with sound business practice and economic theory. State efforts to adopt TAM include Michigan’s TAM Council and Indiana’s Highway Asset Management System software program. This article also describes research initiatives sponsored by the National Cooperative Highway Research Program, the Midwest Regional University Transportation Center, and private sector firms. Finally, this article summarizes the main articles in this focus issue.
Subject
Public Administration,Sociology and Political Science,Business, Management and Accounting (miscellaneous)
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