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Journal of the Korea Concrete Institute

J Korea Inst. Struct. Maint. Insp.
  • Indexed by
  • Korea Citation Index (KCI)
Title Management of Infrastructure(Road) Based On Asset Value
Authors 김동주(Dong-Joo Kim) ; 김우석(Woo-Seok Kim) ; 이용강(Yong-Kang Lee) ; 유훈(Hoon Yoo)
DOI https://doi.org/10.11112/jksmi.2024.28.3.100
Page pp.100-107
ISSN 2234-6937
Keywords 자산관리; 자산가치; 도로네트워크가치; 시설물; 도로 Asset management; Asset value; Road network value; Infrastructure; Road
Abstract Currently, in Korea, due to the rapid aging and deterioration of facilities, the minimum Maintenance Level and Performance Level' of facilities are required by the 'Facility Safety Act' or 'Infrastructure Management Act'. Since infrastructure assets have a long lifespan and the pattern of deterioration over time is complex, it is very difficult to maintain infrastructure as ‘minimum maintenance state’ or ‘minimum performance state’ by the current way of management. ‘Asset Management’ shall be performed not only by a technical perspective, but also by an accounting perspective such as cost and asset value. However, due to lack of awareness of ‘asset management’ among stakeholder, only technical perspective management is being carried out in practice. In order to effectively manage infrastructure assets, complex consideration of various asset value factors such as budget and service as well as safety and durability are required. In this paper, we presented a theory to evaluate and quantify the road network value for efficient asset management of the road network. We also presented a method of simulation to apply the theory presented in this paper. Through simulation and the results derived from this study, it is possible to specify the budget for the future national asset management, and to optimize the strategy for the management of old road facilities.