INDOT Research Program Benefit Cost Analysis—Return on Investment for Projects Completed in FY 2018

McCullouch, Bob

doi:10.5703/1288284317111

i

INDOT Research Program Benefit Cost Analysis—Return on Investment for Projects Completed in FY 2018

2019-12-01
By McCullouch, Bob

File Language:

English

Details

Creators:

McCullouch, Bob
Corporate Creators:

Purdue University. Joint Transportation Research Program ; Purdue University. School of Civil Engineering
Corporate Contributors:

United States. Department of Transportation. Federal Highway Administration
Subject/TRT Terms:
Publication/ Report Number:

FHWA/IN/JTRP-2019/31
DOI:

https://doi.org/10.5703/1288284317111
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

Purdue University. Joint Transportation Research Program
Abstract:

This project produced a financial analysis of Indiana Department of Transportation's (INDOT’s) research projects completed in 2018, as requested annually by the Governor’s office. This analysis uses the approach of calculating net present values created by the implementation of research project to determine benefit cost ratios and return on the research investment. The return on investment (ROI) is limited to projects where benefits and costs are quantifiable. Additionally, the 2018 ROI is combined with those from 2017 and 2016 to create a rolling average. In FY 2018 twenty-two research projects were completed. Out of this number two projects produced outcomes that could be classified as Agency savings and one as User savings. For the other 19 projects, two have not been implemented and the remaining 17 are producing qualitative benefits. Agency savings produced a return on research investment of 10 to 1 while User savings return is 0.7 to 1. For the combined last three analysis years (2016–2019) the ROI for Agency and User savings are calculated to be the same at 21 to 1.
Format:

PDF
Funding:

SPR-4225
Download URL:

https://rosap.ntl.bts.gov/view/dot/61435/dot_61435_DS1.pdf
File Type:

[PDF - 1.89 MB]
Collection(s):

US Transportation Collection
Main Document Checksum:

urn:sha256:0ed6f28cc44488a8f1d3e6442020872bda9d658265d902944f350c805fad9957

File Language:

English

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