ASTM F1675-13
(Practice)Standard Practice for Life-Cycle Cost Analysis of Plastic Pipe Used for Culverts, Storm Sewers, and Other Buried Conduits
Standard Practice for Life-Cycle Cost Analysis of Plastic Pipe Used for Culverts, Storm Sewers, and Other Buried Conduits
SIGNIFICANCE AND USE
5.1 LCC analysis is an economic method to evaluate alternatives that are characterized by differing cash flows over the designated project design life. The method entails calculating the LCC of each alternative capable of satisfying the functional requirements of the project and comparing them to determine which have the lowest estimated LCC over the project design life.
5.2 The LCC method is particularly suitable for determining whether the higher initial cost of an alternative is economically justified by reductions in future costs (for example, operating maintenance, rehabilitation, or replacement) when compared to an alternative with lower initial costs but higher future costs. If a design alternative has both a lower initial cost and lower future costs than other alternatives, an LCC analysis is not necessary to show the former is the economically preferable choice.
SCOPE
1.1 This practice establishes a procedure for using life cycle cost (LCC) analysis techniques to evaluate alternative drainage system designs, using plastic pipe that satisfy the same functional requirements.
1.2 The LCC technique measures the present value of all relevant costs to install, operate, and maintain alternative drainage systems such as engineering, construction, maintenance, rehabilitation, or replacement over a specified period of time. The practice also accommodates any remaining residual or salvage value.
1.3 The decision maker, using the results of the LCC analysis, can then identify the alternative(s) with the lowest estimated total cost based on the present value of all costs.
1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.
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Designation: F1675 − 13
Standard Practice for
Life-Cycle Cost Analysis of Plastic Pipe Used for Culverts,
1
Storm Sewers, and Other Buried Conduits
This standard is issued under the fixed designation F1675; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (´) indicates an editorial change since the last revision or reapproval.
1. Scope* 3.1.1 common costs, n—costs that are common to all alter-
natives in nature and amount, such as initial planning fees or
1.1 This practice establishes a procedure for using life cycle
future annual inspection costs.
cost (LCC) analysis techniques to evaluate alternative drainage
3.1.2 discount rate, n—the investor’s time value of money,
system designs, using plastic pipe that satisfy the same
expressed as a percent, used to convert costs occurring at
functional requirements.
different times, to equivalent costs at a common point in time.
1.2 The LCC technique measures the present value of all
3.1.3 drainage project, n—a project having a definable,
relevant costs to install, operate, and maintain alternative
functional drainage requirement that can be satisfied by two or
drainage systems such as engineering, construction,
more design or construction alternatives, or both.
maintenance, rehabilitation, or replacement over a specified
period of time. The practice also accommodates any remaining
3.1.4 future costs, n—costs required to keep the system
residual or salvage value.
operating that are incurred after the project is placed in service,
such as operation, maintenance, rehabilitation, or replacement
1.3 The decision maker, using the results of the LCC
costs.
analysis, can then identify the alternative(s) with the lowest
estimated total cost based on the present value of all costs. 3.1.5 inflation, n—the general trend or rising prices that,
over time, result in the reduction of the purchasing power of
1.4 This standard does not purport to address all of the
the dollar from year to year.
safety concerns, if any, associated with its use. It is the
responsibility of the user of this standard to establish appro- 3.1.6 initial cost, n—the total of all costs; such as design
priate safety and health practices and determine the applica- costs, material purchase costs, and construction/installation
bility of regulatory limitations prior to use. costs, that are specific to each alternative and are incurred to
bring each alternative to a point of functional readiness.
2. Referenced Documents
3.1.7 maintenance cost, n—the annual or periodic costs,
2.1 Other Standards:
such as inspection and cleaning to keep a drainage structure
TM-5-802-1 Economic Studies for Military Construction
functioning for the project design life, but do not extend the
2
Design Applications (12/86)
material service life.
Federal Office of Management and Budget Guidelines and
3.1.8 material service life, n—the number of years of
Discount Rates for Benefit-Cost Analysis of Federal
service a particular material, system, or structure will provide
Programs and state documents for guidelines or require-
before rehabilitation or replacement is necessary.
3
ments
3.1.9 project design life, n—the planning horizon for the
2.2 ASTM Adjuncts:
4
project,expressedasthenumberofyearsofusefulliferequired
Discount Factor Tables
of the drainage structure.
3. Terminology
3.1.10 rehabilitation cost, n—the total of all costs incurred
3.1 Definitions: to extend the material service life of a specific alternative.
3.1.11 replacement cost, n—the total of all costs incurred to
1
This practice is under the jurisdiction of ASTM Committee F17 on Plastic replace a material before the end of the project design life.
Piping Systems and is the direct responsibility of Subcommittee F17.62 on Sewer.
3.1.12 terminal value, n—the remaining value of the drain-
Current edition approved Aug. 1, 2013. Published August 2013. Originally
age structure in place at the end of the project design life.
approved in 1996. Last previous edition approved in 2009 as F1675–09. DOI:
10.1520/F1675-13.
2
Available from Headquarters, Department of the Army, Washington, DC. 4. Summary of Practice
3
Available from Office of Management and Budget, Washington, DC.
4 4.1 This practice outlines a procedure for conducting an
Available from ASTM International Headquarters. Order Adjunct No.
ADJE091703. LCC analysis of two or more drainage pipe alternatives using
*A Summary of Changes section appears at the end of this standard
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959. United States
1
---------------------- Page: 1 ----------------------
F1675 − 13
plastic pipe over a specified project de
...
This document is not an ASTM standard and is intended only to provide the user of an ASTM standard an indication of what changes have been made to the previous version. Because
it may not be technically possible to adequately depict all changes accurately, ASTM recommends that users consult prior editions as appropriate. In all cases only the current version
of the standard as published by ASTM is to be considered the official document.
Designation: F1675 − 09 F1675 − 13 An American National Standard
Standard Practice for
Life-Cycle Cost Analysis of Plastic Pipe Used for Culverts,
1
Storm Sewers, and Other Buried Conduits
This standard is issued under the fixed designation F1675; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (´) indicates an editorial change since the last revision or reapproval.
1. Scope*
1.1 This practice establishes a procedure for using life cycle cost (LCC) analysis techniques to evaluate alternative drainage
system designs, using plastic pipe that satisfy the same functional requirements.
1.2 The LCC technique measures the present value of all relevant costs to install, operate, and maintain alternative drainage
systems such as engineering, construction, maintenance, rehabilitation, or replacement over a specified period of time. The practice
also accommodates any remaining residual or salvage value.
1.3 The decision maker, using the results of the LCC analysis, can then identify the alternative(s) with the lowest estimated total
cost based on the present value of all costs.
1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility
of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory
limitations prior to use.
2. Referenced Documents
2.1 Other Standards:
2
TM-5-802-1 Economic Studies for Military Construction Design Applications (12/86)
Federal Office of Management and Budget Guidelines and Discount Rates for Benefit-Cost Analysis of Federal Programs and
3
state documents for guidelines or requirements
2.2 ASTM Adjuncts:
4
Discount Factor Tables
3. Terminology
3.1 Definitions:
3.1.1 common costs, n—costs that are common to all alternatives in nature and amount, such as initial planning fees or future
annual inspection costs.
3.1.2 discount rate, n—the investor’s time value of money, expressed as a percent, used to convert costs occurring at different
times, to equivalent costs at a common point in time.
3.1.3 drainage project, n—a project having a definable, functional drainage requirement that can be satisfied by two or more
design or construction alternatives, or both.
3.1.4 future costs, n—costs required to keep the system operating that are incurred after the project is placed in service, such
as operation, maintenance, rehabilitation, or replacement costs.
3.1.5 inflation, n—the general trend or rising prices that, over time, result in the reduction of the purchasing power of the dollar
from year to year.
3.1.6 initial cost, n—the total of all costs; such as design costs, material purchase costs, and construction/installation costs, that
are specific to each alternative and are incurred to bring each alternative to a point of functional readiness.
1
This practice is under the jurisdiction of ASTM Committee F17 on Plastic Piping Systems and is the direct responsibility of Subcommittee F17.62 on Sewer.
Current edition approved Aug. 1, 2009Aug. 1, 2013. Published August 2009August 2013. Originally approved in 1996. Last previous edition approved in 20032009 as
F1675–03.F1675–09. DOI: 10.1520/F1675-09.10.1520/F1675-13.
2
Available from Headquarters, Department of the Army, Washington, DC.
3
Available from Office of Management and Budget, Washington, DC.
4
Available from ASTM International Headquarters. Order Adjunct No. ADJE091703.
*A Summary of Changes section appears at the end of this standard
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959. United States
1
---------------------- Page: 1 ----------------------
F1675 − 13
3.1.7 maintenance cost, n—the annual or periodic costs, such as inspection and cleaning to keep a drainage structure functioning
for the project design life, but do not extend the material service life.
3.1.8 material service life, n—the number of years of service a particular material, system, or structure will provide before
rehabilitation or replacement is necessary.
3.1.9 project design life, n—the planning horizon for the project, expressed as the number of years of useful life required of the
drainage structure.
3.1.10 rehabilitation cost, n—the total of all costs incurred to extend the material service life of a specific alternative.
3.1.11 replacement cost, n—the total of all costs
...
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