Faculty Directed Student Projects: Every firm has that “job jar” of important projects that just never seem to reach peak priority for the limited resources available. These are exactly the projects that the GSCMI Center is interested in assisting you with.
If interested in partnering with the Center to complete a project with your company or to learn more, contact us at firstname.lastname@example.org.
The INDOT Shelter project involves evaluating INDOT's expected return on investment to create covered areas for equipment (vehicles and other assets) and identify alternative ways to create covers for equipment and all the associated costs. Currently, we are collecting data on INDOT's equipment from publicly available records. Using the data, we intend to calculate the payback period of the equipment and compare it to the cost of constructing shelters. Furthermore, the team plans to project the impact of enclosures on equipment maintenance cost and performance, develop management Strategies for equipment need and usage across districts and impact, and benchmark districts against each other to understand best practice. Lastly, the team plans to adjust management incentives to solve the agency problem. At the end of the project, the team presented their findings to INDOT and made recommendations based on the analytical and financial analysis done above.
This project is an after-action review of the overall profitability and success of the collaborative effort of Indiana and Kentucky in developing the Ohio River Bridges Project. Indiana decided to fund its portion of the project by utilizing a Public-Private Partnership, or P3, approach with WVB Partners. There are multiple forms of P3 structures; the Ohio River Bridges Project is Design-Build-Finance- Operate-Maintain (DBFOM) in which the private entity is responsible for the entire construction of the bridge, financing the costs, as well as operating and maintaining the bridge over a specified period of time. The primary benefits of utilizing this option are improved life-cycle costs, improved timeline, and reduction of risk and liability. The team has worked to research and develop a present value analysis of the project by analyzing the funding structure of both INDOT and WVB Partners. They created a toll revenue projection model reflective of current traffic patterns that they also integrated into the overall funding structure. Currently the team is working to create a model to predict the operations and maintenance cost of all bridges involved in the project. Upon completion they will utilize this model in their comparison of the profitability of each party involved in order to quantify the gain or loss seen by INDOT by implementing the P3 structure. This project will move onto analyzing the economic impact and other additional factors affecting the overall evaluation of the bridges’ profitability.