Quantifying research benefits and evaluating economic effectiveness of research projects are becoming increasingly important to agencies. The six States comprising the New England Transportation Consortium (NETC) were interested in developing a consistent way to evaluate and quantify the monetary benefits from research projects. This report documents the development of a research benefit quantitation tool for the NETC. The results are a five-step process of research benefit quantitation and a companion Excel-based tool for performing the calculation. The tool will help the NETC in evaluating and financially justifying its research projects.
In FY2022, the MnDOT Office of Research and Innovation managed a total of 215 active and completed projects, of which 75 received partial or full fund...
Assessing the return on investment in transportation research is crucial to ensuring program goals are met, knowledge and technology are shared broadl...
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United States Department of Transportation
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