Multi-Attribute Utility Theory approach to value-based infrastructure asset management

Several government regulatory bodies mandate agencies to report their Capital Tangible Assets' (CTA) values within their annual statement. For example, the Canadian Public Sector Accounting Board (PSAB), the Governmental Accounting Standard Board (GASB) and the New Zealand International Financial Reporting Standards (NZ IFRS) to name a few. Using asset valuation financial/ accounting methods alone in reporting asset values may result in …