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Infrastructure Systems Development Research Stephen C.
Wooldridge, Ph.D., P.E. Director, Health Facility Planning Phone: 49.6221.172.113 Doctoral Research Abstract This research develops and applies a new approach to facility investment strategy. The approach links the products of condition assessment and master planning, as well as ongoing facility costs, within a dynamic capital planning environment, where tradeoffs between present funding decisions and future conditions can be comprehensively explored. Central to the approach is a conceptual framework that integrates investment needs and condition data within a broader planning context. A prototype tool is developed with the aid of information technology as a step toward implementation. The tool employs system-based cost models, aggregated deterioration models, financial-based condition metrics, and other facility cost modeling techniques to estimate present and future investment requirements and facility conditions. The tool is applied to two real facility portfolios within the U.S. Army Medical Department to demonstrate the feasibility and robustness of developing and evaluating investment strategies that balance capital, condition, and other strategic concerns. The application suggests a new direction for public and institutional capital allocation policy and asset accountability. Infrastructure Systems Development Research is affiliated with the Construction Engineering and Management Program in the Department of Civil and Environmental Engineering at MIT. This page last modified by
ISDR on 10/05/01.
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