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For the last few decades, concerns have repeatedly been raised about deteriorating water mains in Canada. Small to medium sized water utilities are generally impacted more due to lack of technical and financial resources. This paper presents a user-friendly life cycle cost (LCC) analysis-based decision support tool to help these utility managers to prioritize water mains rehabilitation or replacement (R/R) strategies. The deterioration curves for water mains of different materials and sizes have been developed based on their likelihood of failure. The proposed model is implemented for the water supply network of City of Kelowna (Canada). It compares the costs of various R/R scenarios for each pipe over its life cycle and suggests the most cost-effective decision to the managers to efficiently allocate their limited resources. [ABSTRACT FROM AUTHOR]