United States Department of Transportation
About
i
An economic analysis methodology for project evaluation and programming.
-
2013-08-01
[PDF-7.22 MB]
Details:
-
Creators:
-
Corporate Creators:
-
Corporate Contributors:
-
Subject/TRT Terms:
-
Publication/ Report Number:
-
Resource Type:
-
Geographical Coverage:
-
Corporate Publisher:
-
Abstract:Economic analysis is a critical component of a comprehensive project or program evaluation methodology that considers all key
quantitative and qualitative impacts of highway investments. It allows highway agencies to identify, quantify, and value the economic
benefits and costs of highway projects and programs over a multiyear timeframe. This research was conducted to provide the Indiana
Department of Transportation (INDOT) with a uniform economic analysis methodology. The developed economic evaluation model
applies the methodology of life‐cycle benefit cost analysis to perform economic analysis for proposed highway projects. As a result of
thisresearch, an Excel based computer program,the Indiana Highway Economic Evaluation Model (IHEEM), was developed to provide a
convenient tool for INDOT personnel to implement the method. The main costs and benefits contained in the model are agency costs
and user benefits. Agency costsinclude initial costs, routine maintenance costs, rehabilitation costs, and remaining value of the facility.
User benefits contain travel time savings, vehicle operating cost savings, and crash reduction savings. In addition to the deterministic
method for cost and benefit analysis, an alternative probabilistic approach was also developed and incorporated into IHEEM so that the
outputs can be expressed asranges of values with likelihoods of occurrence.
-
Format:
-
Funding:
-
Collection(s):
-
Main Document Checksum:
-
File Type:
Supporting Files
-
No Additional Files
More +
You May Also Like
[PDF - 8.31 MB]
