Identifying Cost-Effective, High-Return, and Quickly Implementable Improvements To Address Freight Congestion and Mobility Constraints in Tennessee

Details

• Creators:
  Mishra, Sabya ; Golias, Mihalis M. ; Bhattarai, Santosh ; Talebian, Ahmadreza
• Corporate Creators:
  University of Memphis
• Corporate Contributors:
  Tennessee. Department of Transportation ; United States. Department of Transportation. Federal Highway Administration
• Subject/TRT Terms:
  • Equity (Finance)
  • Congestion pricing
  • Freight transportation
  • Strategic planning
  • Cost effectiveness
  • Multidimensional resource allocation
  • Freight planning
  • Economic competitiveness
• Publication/ Report Number:
  RES2016-37
• Resource Type:
  Tech Report
• Geographical Coverage:
  Tennessee ; United States
• Edition:
  Final Report
• Corporate Publisher:
  University of Memphis
• Abstract:
  This study compares four multidimensional resource allocation models to prioritize freight improvement projects for regional, state, and local transportation agencies to maximize return on investment. The proposed models are based on economic competitiveness with and without mutual exclusiveness in location, and equity in opportunity and outcome. Multiple dimensions of the models include the transportation mode, performance measures, improvement type, geographic regions, policy criteria, and time. Results from a case study in the State of Tennessee show that project selection based on equity in outcome provides the optimal balance between benefits and their distribution among counties, while project selection based on equity in opportunity results in the lowest total return on investment.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/56273/dot_56273_DS1.pdf
• File Type:
  [PDF - 11.99 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:360b1121537bdfc63884cac0fcca5f0d7307fee28814468d83598c511de5cf52