Metropolitan Planning Technical Report No. 6: Evaluation of Transportation Alternatives
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1995-09-01
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Abstract:This report results from FHWA's desire to look at an emerging transportation planning concept called least-cost-planning. Least-cost-planning embodies both a planning process and specific analytical techniques. It attempts to meet a given set of transportation objectives with a combination of improvements, policies, and programs that is less expense than any other combination. Among the principles of least-cost planning are: Application of benefit-cost techniques to the evaluation of alternative transportation systems and projects. Considerations of policies and investments to reduce demand for transportation facilities on equal footing with those that increase the supply of those facilities. Evaluation of those uncertainties in forecasts of future travel demand and the performance of different alternatives. Involvement of the public in the development of alternatives ans their evaluation. Coordination among different agencies and jurisdictions of a system-wide planning effort that regularly updates plans to reflect new information about those measures that are most cost-effective. For planners at state departments of transportation or Metropolitan Planning Organizations (MPOs), this report provides a general framework (both planning concepts and analytical techniques) for evaluating transportation projects, and ideas on how to shift from current practices toward the type of analysis recommended.
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