Managing Uncertainty and Risk in Travel Forecasting: A White Paper

Woodford, William

i

Managing Uncertainty and Risk in Travel Forecasting: A White Paper

2013-12-01
By Woodford, William

File Language:

English

Details

Creators:

Woodford, William
Corporate Creators:

United States. Federal Highway Administration
Contributors:

Sun, Sarah
Corporate Contributors:

RSG, Inc.
Subject/TRT Terms:
Publication/ Report Number:

FHWA-HEP-14-030
Resource Type:

Tech Report
Geographical Coverage:

United States
Contracting Officer:

Sun, Sarah
Corporate Publisher:

United States. Federal Highway Administration
Abstract:

This paper describes the uncertainties and risks associated with travel forecasts, and suggests methods for their management. There are many ways of defining risk and uncertainty. In this paper, these terms are used according to the International Standard ISO 31000 (2009) definition of risk: "effect of uncertainty on objectives." By this definition, risk has two elements: a probability that an event will or will not occur (uncertainty), and a consequence (the impact on an organization's objectives).
Format:

PDF
Funding:

DTFH61-12-D-00013, T-12002
Download URL:

https://rosap.ntl.bts.gov/view/dot/55916/dot_55916_DS1.pdf
File Type:

[PDF - 618.41 KB]
Collection(s):

Federal Highway Administration
Main Document Checksum:

urn:sha-512:8b79baf20c13e0887b8969f1c47c880224ab20b2dc6045c2597200b812ea77b3d214939dea6e76b5ea57886fb446c18dbc968b649742e57aa0e88b08efe067e1

File Language:

English

ON THIS PAGE

Details

Found an issue?

Send us an email at:

publishinghd@cdc.gov

ROSA P serves as an archival repository of USDOT-published products including scientific findings, journal articles, guidelines, recommendations, or other information authored or co-authored by USDOT or funded partners. As a repository, ROSA P retains documents in their original published format to ensure public access to scientific information.