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Asset Management Systems

Asset management systems are an integral part of Economikr’s expertise, the results of which play a key role in determining and finalizing an organization’s decision-making process. An asset management system is a decision support system, recommending a course of action for road network administrators and managers on how to best invest a specific budget according to set objectives.

 

Asset management systems usually come in the form of a specialized computer software, and are generally comprised of several types of models, engineering, economic, optimization & ranking, using economic, engineering, and social variables. Economikr has been involved in the design, modeling, building and programming asset management systems for many years in various capacities.

Botswana OPRC Project

This World Bank project includes the economic analysis of various alternatives for about 800 kilometers of both paved and rural roads in Southern Botswana. It is Botswana's first OPRC project. In this project both HDM-4 and RED World Bank programs were utilized. 

Nigerian Interurban Pavement Management System (PMS)

Under the auspices of the World Bank, this DBOMT (Design, Build Operate Maintain Transfer) project was considered to be on of the first PPP (Public Private Partnership) projects in Africa. The project’s focus was on economic optimization under three types of constraints (budgetary, geographical, and institutional), beyond typical year-by-year constraints. Economic optimization for this project was based on IBC (Incremental Benefit Cost) methods, incorporating both efficiency frontiers and multi-year analyses.

Pavement Management System (PMS) for Lagos, Nigeria

Performed for the World Bank, this PMS project included multi-modal analysis and the implementation of transportation economics evaluations and economic optimization under a variety of constraints. The project covered the analysis of one hundred different road segments. 

Bridge Management System for Mozambique

This high-level project in collaboration with the World Bank, included system analysis, GIS data from various bridges and integrating this data with additional data from other software systems. The project focused on economic optimization, cost breakdowns, and a variety of other studies to evaluate a viable bridge management system in the country.   

Pavement Management System for the Rural Roads Network, Uganda

Under the auspices of the World Bank, this project’s major objective was the creation of the TYDRIP (Ten Year District Road Investment Plan). This was achieved by creating a detailed Road Management System (RMS). The RMS included economic feasibility calculations (6 alternatives for each road project), economic optimization under budget and institutional constraints, expansion analysis using statistical methodology, calibrating HDM (both HDM-III and HDM-4) and RED World Bank models to local conditions. It further included analysis of motorized and non-motorized traffic, creation of a GIS system based on collected GPS data, interfacing with data from other software systems, economic potential evaluation, and creation of poverty indices which were subsequently use in a ranking procedure. 

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economic feasibility, economic feasibility study, transport economics, energy economics, environmental economics, economic consultant, economic consultancy, economic analysis, master plans, asset management systems, pavement management systems, economic evaluation, ranking and optimization, demand and supply assessment, demand and supply forecasting, economic modeling and research, benefit/cost analysis, economic performance indicators, development impact, investment optimization, economic models, engineering models, multi-modal analysis, forecasting tools, economic appraisal and evaluation, Pavement Management Systems, Road Management Systems, Port Management Systems, Bridge Management Systems, budget analyses, cost-benefit analyses, evaluation of transport infrastructure, market structure assessments, project planning and budget prioritization programs, prioritization, ranking, World Bank, HDM, economic impact analysis, road safety