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Journal of the Korea Concrete Institute

J Korea Inst. Struct. Maint. Insp.
  • Indexed by
  • Korea Citation Index (KCI)
Title A Study on the Asset Valuation Method Based on the Performance Information of Bridge
Authors 이용준(Yong-Jun Lee) ; 박경훈(Kyung-Hoon Park) ; 선종완(Jong-Wan Sun)
DOI https://doi.org/10.11112/jksmi.2023.27.5.57
Page pp.57-66
ISSN 2234-6937
Keywords 자산가치평가; 와이블 분포; 교량수명; 신뢰도; 교량관리시스템(BMS) Asset valuation; Weibull distribution; Bridge life; Reliability; Bridge management system(BMS)
Abstract Asset valuation of social infrastructure is essential for rational decision-making for efficient management of assets. In addition, it can be an indicator for correctly recognizing assets. In general, Korea applies depreciated replacement cost based on the straight-line method to evaluate asset value, yet this is unsuitable for evaluating actual value because it is depreciated at a constant rate over the useful life period. In order to evaluate the asset value considering the performance of the bridge, the performance index of the bridge is estimated using the Weibull distribution. Using the estimated performance indicators and defect index, a new asset value evaluation method is proposed and compared and analyzed with the existing method. The proposed valuation method can take into account the performance of the bridge, so it is judged to be more objective and reasonable than existing method.