Transportation asset management delivers efficient and cost-effective investment decisions to support transportation infrastructure and system usage performance measured in economic, social, health, and environmental terms. It can be applied at national, state, and local levels. This distinctive book addresses asset management for multimodal transportation, taking account of system component interdependency, integration, and risk and uncertainty. It sets out rigorous quantitative and qualitative methods for addressing system goals, performance measures, and needs; data collection and management; performance modeling; project evaluation, selection, and trade-off analysis; innovative financing; and institutional issues. It applies as easily to static traffic and time-dependent or dynamic traffic which exists on a more local level.

It is written for transportation planners, engineers, and academia, as well as a growing number of graduate students taking transportation asset management courses.

Zongzhi Li is a Professor and Director of the Sustainable Transportation and Infrastructure Research (STAIR) Center and the Transportation Engineering Laboratory, at the Illinois Institute of Technology, Chicago.

Overview of multimodal transportation systems. Multimodal transportation asset management system framework. Multimodal transportation system goals, objectives, and performance measures. Data collection, processing, and database management. Multimodal infrastructure performance modelling. Transportation impacts modeling. Needs assessment and countermeasure investment projects. Economic analysis of investment strategies for highway and airport pavement preservation. Economic analysis of investment strategies for highway and rail bridge preservation. Economic analysis of investment strategies for commuter and intercity high speed rail track preservation. Economic analysis of investment strategies for inland waterway navigable channel preservation. Economic analysis of investment strategies for highway and railways safety improvements. Economic analysis of investment strategies for highway and railway safety hardware improvements. Economic analysis of investment strategies for congestion mitigations. Project evaluation using multicriteria decision-making methods. Project selection, programming, and trade-off analysis methods. Innovative financing. Institutional issues.