The Moving Ahead for Progress in the 21st Century Act (MAP-21) of 2012 requires states to
develop and implement a transportation asset management plan (TAMP) for their respective
portions of the National Highway System (NHS). Life-cycle cost and risk management
analyses must be included in a state's TAMP. As defined in the 1998 Transportation Equity
Act for the 21st Century (TEA-21), life-cycle cost analysis (LCCA) is “a process for evaluating
the total economic worth of a usable project segment by analyzing initial costs and …

Abstract The Moving Ahead for Progress in the 21st Century Act (MAP-21) of 2012 requires
states to develop and implement a transportation asset management plan (TAMP) for their
National Highway System (NHS). Life-cycle cost and risk management analyses are the
main analyses expected to be included in a state's TAMP. The life-cycle cost analysis
(LCCA) can be defined as “a process for evaluating the total economic worth of a usable
project segment by analyzing initial costs and discounted future costs, such as maintenance …