Strategy on sustainable infrastructure asset management: Focus on Korea׳s future policy directivity

Sanghoon Park, Sang I. Park and Sang-Ho Lee

Renewable and Sustainable Energy Reviews, 2016, vol. 62, issue C, 710-722

Abstract: The management of infrastructure in Korea has been restricted to simple history management and manual post-maintenance activities after construction. Thus, there has been a lack of an optimum managerial and economic approaches, such as the minimization of the total cost of assets from a life-cycle perspective. Moreover, as Korea׳s National Accounting Standards obligate the reporting of national asset assessment to the National Assembly every year in order to improve management performance measurement of public institutions and transparency of government accounting, the importance of asset management in infrastructures is expected to become increasingly pronounced. Therefore, this study examined the current institutional status on sustainable infrastructure asset management in Korea and focused on the country׳s future policy directivity regarding this subject.

Keywords: Infrastructure asset management; Policy direction; Sustainability (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1016/j.rser.2016.04.073

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