Developing and testing a framework for alternate ownership, tenure and governance strategies for the proposed Detroit-Windsor River crossing : phase II report.

Details

• Alternative Title:
  Developing and testing a framework for alternate ownership, tenure and governance strategies for the proposed Detroit-Windsor River crossing : phase 2 report ; Developing and testing a framework for alternate ownership, tenure and governance strategies for the proposed Detroit-Windsor River crossing : phase two report
• Creators:
  Khasnabis, Snehamay ; Mishra, Sabyasachee ; Swain, Subrat Kumar
• Corporate Creators:
  Wayne State University. Dept. of Civil Engineering
• Corporate Contributors:
  United States. Department of Transportation. University Transportation Centers (UTC) Program ; University of Toledo. University Transportation Center
• Subject/TRT Terms:
  • Bridges
  • Border regions
  • International roads
  • International transportation
  • International compacts
  • Detroit-Windsor River crossing
• Resource Type:
  Tech Report
• Geographical Coverage:
  Detroit (Michigan)
• Corporate Publisher:
  University Transportation Centers Program (U.S.)
• Abstract:
  Transportation infrastructures are integral parts of a nation’s network connectivity. Largescale ; transportation projects represent major investments devoted to the construction, operation, ; and maintenance of facilities over an extended period. Typically, these investments are ; irreversible in nature and require long-term commitment by the public at large relative to ; utilization, maintenance, and operation. ; Traditional economic analysis techniques are based upon the assumption of future cash ; flows that are fully deterministic in nature. Thus, there is an implicit assumption that these ; cash flows are not subject to any risk or uncertainty during the life of the project. In reality, ; many of these infrastructure projects are associated with significant uncertainties stemming from ; lack of knowledge about future cost streams. Revenue generation is also characterized by ; demand uncertainty. In emerging markets, macroeconomic, legal, institutional and regulatory ; concerns may add a level of uncertainty that can add complexities and introduce greater ; levels of risk. The term “risk” refers to situations where the decision maker can assign ; mathematical probabilities to the randomness relative to future outcomes. In contrast, the ; term uncertainty refers to situations when this randomness cannot be expressed in terms of ; mathematical probabilities. Transportation decisions have not typically considered risks and ; uncertainties in investment analysis. Current transportation literature does not indicate the ; availability of a comprehensive methodology in dealing with risks and uncertainties, ; though significant research has been conducted in economics, industrial engineering and ; financial management.
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• Format:
  PDF
• Funding:
  UTITC Account Number: UTUTC-1U-9
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/18490/dot_18490_DS1.pdf
• File Type:
  [PDF - 2.43 MB]
• Collection(s):
  University Transportation Centers ; US Transportation Collection
• Main Document Checksum:
  urn:sha256:6667c11707e61490dde63a25dcc07ef617368064fd44443a264921d397680b25