Cross Asset Resource Allocation Tool
The Cross Asset Resource Allocation Tool (CARAT) is an approach for prioritizing and allocating funding to a set of projects based on their performance across different goals. The user starts by uploading data on cost and performance for a set of projects. Once an overall budget is specified, Data Envelopment Analysis (DEA) is used to assign a relative efficiency to each project. Based on the relative efficiency, projects are ranked and selected for funding. To aid in communicating prioritization results, the tool also provides different visualizations of the performance of the projects.
Transit Asset Prioritization Tool
The Transit Asset Prioritization Tool (TAPT) is a system for predicting future condi-tions of a set of physical transit assets, and for prioritizing rehabilitation and replacement of those assets over time based on an objective of minimizing agency and user costs, and maximizing performance. The outputs generated using TAPT include lifecycle models for each asset type, a recommended policy specifying the point at which the asset should be rehabilitated or replaced, and predictions of future conditions as an asset ages. The prioritization model uses the asset-specific results to predict future conditions and recommend work given a budget.
Transit Asset Management Planner
The AASHTO TAMP Financial Planner (TFP) is a web-based tool to develop financial plans and performance mea-sures for asset management.
The tool has three main functions:
Configuration: User defines the source and use categories and sub-categories, the programs that use the funding, and the assets that are included in the TAMP.
Data Entry: Users can input the specific dollar amounts for sources and uses and financial projections. They can also define the unit cost, quantity, and remaining life for use in the asset value visualizations.
Visualize: Once the sources and uses are defined and the data is sufficiently entered, the user can access various visualizations that can then be included in the financial plan document.