Induced traffic and induced demand in benefit-cost analysis - draft

Lee, Douglass B.; Klein, Lisa; Camus, Gregorio; John A. Volpe National Transportation Systems Center (U.S.)

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Induced traffic and induced demand in benefit-cost analysis - draft

1998-07-01
By Lee, Douglass B. ; Klein, Lisa ; Camus, Gregorio

[PDF-989.67 KB]

English

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Creators:

Lee, Douglass B. ; Klein, Lisa ; Camus, Gregorio

Lee, Douglass B. ; Klein, Lisa ; Camus, Gregorio Less -
Corporate Creators:

John A. Volpe National Transportation Systems Center (U.S.)
Corporate Contributors:

United States. Federal Highway Administration
Subject/TRT Terms:

[+]

Benefit Cost Analysis Costs Demand Elasticity (Economics) Induced Demand Induced Travel Return On Investment Travel Demand
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

John A. Volpe National Transportation Systems Center (U.S.)
Abstract:

Subsequent to the US DOT's 1995 "conditions and Performance" report to Congress, the HERS (Highway Economic Requirements System) model used by FHWA to evaluate national highway investment options was modified to incorporate both short run and long run demand elasticities. The model uses benefit-cost methods to evaluatate alternative improvements for sample projects. Demand elasticity in this evaluation allows estimated traffic volumes, as well as the location of the demand curve, to repond to endogenous factors -- such as travel time, operating costs, and accident rates -- that are affected by improvements. Typical improvements are additional lanes, lane or shoulder widening, realignment, resurfacing, and safety enhancements.
Format:

PDF
Collection(s):

Volpe Center
Main Document Checksum:

[+]

urn:sha256:ba7b58fbb6a3f664a84e0fb052b3d605c3b6dedf37215cd4fc69ea1806c22794
Download URL:

https://rosap.ntl.bts.gov/view/dot/12026/dot_12026_DS1.pdf
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Induced traffic and induced demand in benefit-cost analysis - draft

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