Development of a process for quantifying the benefits of research : final report.

Details

• Creators:
  Preston, Howard ; Bennett, Jacqueline Dowds
• Corporate Creators:
  CH2M Hill, inc.
• Corporate Contributors:
  Minnesota. Dept. of Transportation. Research Services & Library
• Subject/TRT Terms:
  • Benefit cost analysis
  • Pilot studies
  • Research
  • Benefits
• Publication/ Report Number:
  MN/RC 2017-13
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States ; Minnesota
• TRIS Online Accession Number:
  1644608
• Corporate Publisher:
  Minnesota. Dept. of Transportation. Research Services & Library
• Abstract:
  MnDOT Research Services funds and administers approximately 180 transportation research projects annually at a cost of slightly more than $3 million. This project developed an easy-to-apply process for quantifying the potential benefits of research and comparing the monetary benefits of implemented research results with the cost of doing the research. Researchers applied this process to a limited number of previously completed MnDOT research projects and determined that the potential three-year cost savings (approximately $69 million) of just 11 sample projects was enough to fund the cost of the entire research program for approximately seven years. The ultimate outcome of this project is a guidance document and user tool for quantifying the benefits of research recommendations. Related materials: - User guide: http:// mndot.gov/research/reports/2017/201713A.pdf - Final presentation: http:// mndot.gov/research/reports/2017/201713B.pdf - Spreadsheet tool: http:// mndot.gov/research/reports/2017/201713C.pdf
• Format:
  PDF
• Funding:
  (C) 05794
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/32630/dot_32630_DS1.pdf
• File Type:
  [PDF - 3.10 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:872abad01c748248eb9c7edcf8f64ee95f282545bf95c7a0b7d48eebd09430f989559ff45aa60e5f2eb9acb8457d849c0747c97b82a87866905c4c9d6ef148af