New Zealand – Agent Based Benefit / Cost Assessment Model

Agent-based model that can be used to improve performance measurement and management in asset management field. The model has been applied to the North Island of New Zealand (5km highway 1200 bridges). It is time agnostic and only looked at portfolio level investment.

Bush, S., Henning, T., Ingham, J., & Raith, A. (2014, June). Agent-Based modelling, a quiet revolution in asset management. In IPWEA Conference, Auckland, Nueva Zelandia.

to understand investment priorities

travel demand, haulier behaviour, geospatial data, load movement data, bridge strength, optimization function components

benefit-cost ratio for various investment levels