Benefit-Cost Analysis for Transportation Planning and Public Policy: Towards Multimodal Demand Modeling

Details

• Creators:
  Holian, Matthew J. ; McLaughlin, Ralph
• Corporate Creators:
  Mineta Transportation Institute
• Corporate Contributors:
  California. Dept. of Transportation. Division of Research, Innovation, and System Information ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology ; University Transportation Centers Program (U.S.)
• Subject/TRT Terms:
  • Benefit cost analysis
  • Transportation policy
  • Transportation planning
  • Multimodal transportation
  • Econometrics
  • Case studies
  • Recommendations
  • Travel demand
  • Economics
  • Highways
  More +
• Publication/ Report Number:
  CA-MTI-16-1203 ; MTI Report 12-42
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States ; California
• Corporate Publisher:
  Mineta Transportation Institute
• Abstract:
  This report examines existing methods of benefit-cost analysis (BCA) in two areas, transportation policy and transportation planning, and suggests ways of modifying these methods to account for travel within a multimodal system. Although the planning and policy contexts differ substantially, this report shows how important multimodal impacts can be incorporated into both by using basic econometric techniques and even simpler rule-of-thumb methods. Case studies in transportation planning focus on the California Department of Transportation (Caltrans), but benchmark California’s competencies by exploring methods used by other states and local governments. The report concludes with a list and discussion of recommendations for improving transportation planning models and methods. These will have immediate use to decision makers at Caltrans and other state DOTs as they consider directions for developing new planning capabilities. This project also identifies areas, and lays groundwork, for future research. Finally, by fitting the planning models into the broader context of transportation policy, this report will serve as a resource for students and others who wish to better understand BCA and its use in practice.
• Format:
  PDF
• Funding:
  DTRT12-G-UTC21
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/37483/dot_37483_DS1.pdf
• File Type:
  [PDF - 3.46 MB]
• Collection(s):
  University Transportation Centers ; US Transportation Collection
• Main Document Checksum:
  urn:sha256:ceafd1bd53dda8ecd138d497d6a9b386efe22f7256c49cdb6b785a8c6deaa5da