INDOT Research Program Benefit Cost Analysis—Return on Investment for Projects Completed in FY 2016

Details

• Creators:
  McCullouch, Bob
• Corporate Creators:
  Purdue University. School of Civil Engineering
• Corporate Contributors:
  Joint Transportation Research Program (Ind.) ; Indiana. Dept. of Transportation ; United States. Federal Highway Administration
• Subject/TRT Terms:
  • Benefit cost analysis
  • Financial analysis
  • Research projects
  • Return on investment
• Publication/ Report Number:
  FHWA/IN/JTRP-2017/22
• DOI:
  https://doi.org/10.5703/1288284316631
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States ; Indiana
• TRIS Online Accession Number:
  01659820
• Corporate Publisher:
  Purdue University
• Abstract:
  The Governor’s Office requested an annual financial analysis of the INDOT Research Program to determine the return on the research investment (ROI). The current financial analysis is for research projects that completed in FY 2016. Analyses on previous year's projects is necessary primarily due to the time it takes some project outcomes to be implemented goes into the following year, so FY 2016 analysis is done in 2017. This analysis will supplement the annual IMPACT report (qualitative and quantitative benefits) by adding a rigorous quantitative benefit cost analysis (BCA) to the Research Program. Previous financial analyses used the approach of calculating net present values of cash flows to determine a benefit cost ratio and this report uses the same approach. Additionally, an overall program rate of return (ROI) is reported and will be accumulated over time into a rolling 5-year average.
• Format:
  PDF
• Funding:
  SPR-4225
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/36131/dot_36131_DS1.pdf
• File Type:
  [PDF - 3.30 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:bb67c4fff689660a9087183a7951968d5b34bd502ae0bdebf1643d398205c683