Foundation for risk-based asset management for storm surge barriers

Due to climate change, the risk of flooding is increasing with potentially severe consequences on highly populated and economically developed coastal zones. Storm surge barriers protect against such events with the critical task of closing during extreme weather conditions to prohibit the propagation of water. This highlights the importance of...

Common misunderstandings in life cycle costing analyses and how to avoid them

LCC analyses (LCCA) and discounting calculations are applied by public sector organizations in the Netherlands. Still numerous misunderstandings can be recognized. An overview is given of some common misunderstandings found in Life Cycle Costing Analyses. Issues relating to public assets are: the absence of residual value, long life cycles, high...