Benefit-Cost Analysis for Transportation Planning and Public Policy: Towards Multimodal Demand Modeling: [Tech Brief]
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2016-08-01
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Abstract:Benefit-cost analysis (BCA) is widely used in transportation planning and programming. This report examines existing methods of BCA in two areas – retrospective transportation policy analysis and prospective transportation planning – and suggests ways of modifying these methods to account for travel within a multimodal system. A major focus is on presenting recommendations to the California Department of Transportation (Caltrans), although other state DOT agencies will find the results of interest.
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