INDOT Research Program Benefit Cost Analysis—Return on Investment for Projects Completed in FY 2022

McCullouch, Bob

doi:10.5703/1288284317722

i

INDOT Research Program Benefit Cost Analysis—Return on Investment for Projects Completed in FY 2022

2023-12-01
By McCullouch, Bob

File Language:

English

Details

Creators:

McCullouch, Bob
Corporate Creators:

Purdue University. Joint Transportation Research Program ; Indiana Department of Transportation ; Purdue University. School of Civil Engineering
Subject/TRT Terms:
Publication/ Report Number:

FHWA/IN/JTRP-2023/29
DOI:

https://doi.org/10.5703/1288284317722
Resource Type:

Tech Report
Geographical Coverage:

Indiana ; United States
Corporate Publisher:

Purdue University. Joint Transportation Research Program
Abstract:

To demonstrate the value of research and its implementation, the Governor’s Office initially requested an annual financial analysis of the INDOT Research Program to determine the return on the research investment (ROI). The INDOT Research & Development (R&D) has continued to publish an annual Return on Investment report. The current financial analysis is for research projects that completed in FY 2022. Analyses on previous year’s projects is necessary primarily due to the time it takes some project outcomes to be implemented and verifiable data generated, extending into the following year. Therefore, the FY 2023 analysis is completed research projects in calendar 2022. The ROI analysis will supplement the annual IMPACT report by adding a more rigorous quantitative benefit cost analysis (BCA) to the Research Program. Previous financial analyses used the approach of calculating net present values of cash flows to determine a benefit cost ratio and this report uses the same approach. Additionally, an overall program rate of return (ROI) is reported and will be accumulated over time, a seven-year period.
Format:

PDF
Funding:

SPR – 4225
Download URL:

https://rosap.ntl.bts.gov/view/dot/73152/dot_73152_DS1.pdf
File Type:

[PDF - 1.69 MB]
Collection(s):

US Transportation Collection
Main Document Checksum:

urn:sha256:a7372960d4d5610d25666b5318d99f3eeb0e622593496d16d1add762e1ee2cf1

File Language:

English

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