INDOT Research Program Benefit Cost Analysis-Return on Investment for Projects Completed in FY 2017

McCullouch, Bob; Purdue University. Joint Transportation Research Program

doi:10.5703/1288284316871

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INDOT Research Program Benefit Cost Analysis-Return on Investment for Projects Completed in FY 2017

2018-12-01
By McCullouch, Bob

[PDF-1.55 MB]

English

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Details:

Creators:

McCullouch, Bob
Corporate Creators:

Purdue University. Joint Transportation Research Program
Corporate Contributors:

Indiana. Dept. of Transportation
Subject/TRT Terms:

[+]

Benefit Cost Analysis Economics Finance Financial Analysis Research Research Projects Return On Investment Transportation (General)
Publication/ Report Number:

FHWA/IN/JTRP-2018/25
DOI:

https://doi.org/10.5703/1288284316871
Resource Type:

Tech Report
Geographical Coverage:

United States ; Indiana

United States ; Indiana Less -
TRIS Online Accession Number:

01691503
Corporate Publisher:

Purdue University. Joint Transportation Research Program
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 2017. Analyses on previous year’s projects is necessary primarily due to the time it takes some project outcomes to be implemented extending into the following year. Therefore, the FY 2017 analysis is completed in calendar 2018. The ROI analysis will supplement the annual IMPACT report (qualitative and quantitative benefits) by adding a more 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. While the quantitative benefit cost analysis (BCA) was rigorous, results are limited to projects where benefits and costs could be quantified. Qualitative benefits are highlighted in the companion annual IMPACT report (https://www.in.gov/indot/2404.htm). The agency savings generally would be expected to be used to select other construction projects (or other activities) that would otherwise have to be deferred to later years. Frequently, research projects that have the likelihood of saving large amounts of dollars in initial or long term maintenance costs, which essentially allows us INDOT fund other projects more fully or sooner.
Format:

PDF
Funding:

SPR-4225
Collection(s):

US Transportation Collection
Main Document Checksum:

[+]

urn:sha256:9fbe61da281c58e11dc76632127b2bcf22c36067033031ad0aed34561da010d7
Download URL:

https://rosap.ntl.bts.gov/view/dot/38567/dot_38567_DS1.pdf
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INDOT Research Program Benefit Cost Analysis-Return on Investment for Projects Completed in FY 2017

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