Virginia Tech Transportation InstituteUniversity of Texas at El Paso. College of Engineering. Department of Civil EngineeringTexas A&M University. Department of Civil EngineeringCalifornia. Metropolitan Transportation CommissionRada, Gonzalo R.Chang, Carlos M.Vavrova, MarketaSmith, Roger E.Tan, Sui G.2015-08-112015-08-112015-05-19Chang, C. M., Vavrova, M., Smith, R. E., & Tan, S. G. (2015, June). A multi-objective asset management approach to evaluate maintenance strategies for funding allocation. Paper presented at the 9th International Conference on Managing Pavement Assets, Alexandria, VA. Presentation retrieved from www.apps.vtti.vt.edu/PDFs/icmpa9/session1/Chang.pdfhttp://hdl.handle.net/10919/56368Modern asset management aims to provide the user's expected level of service in the transportation infrastructure assets in the most cost-effective manner while also accounting for broader social and environmental impacts. The decision-making process is complex due to many potential conflicting goals that need to be balanced in the final solution. This paper describes a holistic multi-objective asset management approach to integrate environmental related measures with traditional performance measures. A robust framework for managing infrastructure assets is proposed for implementation, and a case study focused on asphalt concrete (AC) pavements demonstrates its applicability, evaluating various maintenance strategies from a multi-objective perspective. The case study shows that timely applied preservation leads to lower emissions and lower fuel consumption. In the example, savings estimates of 662,310,738 kg CO2 over a 20 year period that are equivalent to $31 million in social costs for a 940 mile network. By considering economic, environmental, and social impacts; the multi-objective asset management approach improves the decision making process and contribute to better balanced funding allocation decisions when developing maintenance strategies.13 pagesapplication/pdfen-USIn CopyrightPresentationwww.apps.vtti.vt.edu/PDFs/icmpa9/session1/Chang.pdf