Whole-Of-Life-Cycle Cost
Whole-Of-Life-Cycle Cost : Takes into account the road agency costs described under life-cycle cost as well as road user costs. In an ideal scenario where the road budget is not constrained, the total cost to the community could be minimised by optimising road agency costs and road user costs. In reality, the majority of road agencies operate in an environment where the total of road agency and road user costs is suboptimal
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