Managing Uncertainty and Risk in Travel Forecasting: A White Paper

Woodford, William; United States. Federal Highway Administration

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Managing Uncertainty and Risk in Travel Forecasting: A White Paper

2013-12-01
By Woodford, William

[PDF-618.41 KB]

English

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Details:

Creators:

Woodford, William
Corporate Creators:

United States. Federal Highway Administration
Contributors:

Sun, Sarah
Corporate Contributors:

RSG, Inc.
Subject/TRT Terms:

[+]

Risk Analysis Traffic Forecasting Transportation Planning Uncertainty
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
Collection(s):

Federal Highway Administration
Main Document Checksum:

[+]

urn:sha256:255e9903cc648a10b685fddec48f70a459663254112b05bc8db10f7ab6751236
Download URL:

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

No Additional Files

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Managing Uncertainty and Risk in Travel Forecasting: A White Paper

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