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Development Of Benefit Cost Analysis Tools For Evaluating Transportation Research Projects


Development Of Benefit Cost Analysis Tools For Evaluating Transportation Research Projects
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Development Of Benefit Cost Analysis Tools For Evaluating Transportation Research Projects


Development Of Benefit Cost Analysis Tools For Evaluating Transportation Research Projects
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Author : Nikolai Auburn Greer
language : en
Publisher:
Release Date : 2018

Development Of Benefit Cost Analysis Tools For Evaluating Transportation Research Projects written by Nikolai Auburn Greer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Interstate 80 categories.


Transportation research projects are vital to transportation agencies for the accumulation of new technology and knowledge for the improvement of efficiency and safety of transportation infrastructure. The purpose of this thesis was to demonstrate an evaluation of a state DOT research program and to develop benefit cost analysis tools to assist transportation agencies in evaluating transportation research projects. The evaluation presented in this thesis was a performance evaluation of the Wyoming Department of Transportation Research Center. The evaluation identified a total of 64 research projects were submitted to the WYDOT Research Center between 2011 and 2016. The evaluation accessed the performance of the WYDOT Research Center by evaluating performance measures and feedback received from feedback surveys. The results of the performance measures were compared to a previous evaluation for a time period between 2005 to 2010. This indicated that the number of projects reports completed each year increased from three reports per year to five in the 2011 to 2016 time period. The number of projects that were not completed on-time and within budget decreased by half from seven in the 2005 to 2010 time period to three in the 2011 to 2016 time period. The evaluation also indicated that the annual research budget for the WYDOT Research Center increased by nine percent in the 2011 to 2016 time period. The evaluation of the WYDOT research Center indicated that the performance of the research program has had significant improvements and the performance of the WYDOT Research Center should be continued to be evaluated. Benefit cost analysis (BCA) tools were also developed in this thesis to assist state DOTs in evaluating transportation research projects. The BCA tools were developed using Microsoft Excel to provide a process for evaluating research project after the first year of implementation. The tools consider that the cost associated with a transportation research project is a combination of costs incurred during research and implementation. The tools provide analysis methods for estimating the benefits of changes in the level of service of a roadway, reductions in the vehicle travel time, changes in vehicle operating cost and reductions in the number of crashes on a roadway. The process for estimating the benefits for changes in the vehicle travel time uses the Akçelik travel time model to estimate the travel time on a roadway and FHWA values of travel time. The procedures for estimating the benefits of changes in the level of service uses the 2010 Highway Capacity Manual (HCM) to estimate the level of service for a roadway and uses criteria developed to indicates the savings of changes in the level of service. The benefits of changes in the vehicle operating costs uses the Highway Economic Requirements System vehicle operating cost model to estimate the vehicle operating cost. The benefit estimation procedures evaluate the differences between a situation without and with implementation of a research project to indicate the saving due to the implementation of the project. The process for estimating the benefits of crash reductions uses Highway Safety Manual (HSM) safety performance functions (SPF) to predict the number of crashes on freeway segments, multilane highways, or two-lane two-way highways. Crash modification factors are applied to the SPFs to indicate a change in the number of crashes and FHWA crash costs are used to indicate the monetary benefits of crash reductions. The BCA tools use CPI from the U.S. Bureau of Labor Statistics to adjust for inflation by adjusting the dollar value of costs and benefits to a common year of reference. The BCA tools also have multiple limitations in their use. The limitations of the tools include a limited number of benefits that can be quantified using the tools which limits the research projects that can be evaluated using the tools and the SPF in the crash reduction benefit estimation procedures are not representative of actual road conditions. The developed BCA tools were designed to assists in making key decision during the proposal and implementation phase of a transportation research project. The BCA tools were used to evaluate five case studies to illustrate the use of the developed tools. Each case study demonstrated varying situation where the BCA tools were used to evaluate the economic outcome of a transportation research project. The first case study evaluated an implemented research project that investigated the effectiveness of variable speed limit systems implemented along I-80 in Wyoming. The BCA ratio for the case study was 6.64 indicating that the project was economically justifiable. The second case study evaluated a research proposal that investigated the impacts of truck traffic on I-80 in Wyoming. This resulted in a BCA ratio of a 9.23 indicating truck traffic mitigation strategies on I-80 are potentially economically beneficial. The third case study evaluated an additional implemented research project that investigated wildlife overpasses and underpasses implemented on US 191 in Wyoming. This resulted in a BCA ratio of 0.46 indicating that the implementation of wildlife overpasses and underpasses was not economically beneficial after the first year of implementation. The fourth case study evaluated a recently completed transportation research project without utilizing the developed benefit estimation procedures. The case study investigated the feasibility of implementing last mile package delivery in Wyoming public transportation systems. Resulting in a BCA ratio of a 2.57 indicating that the implementation of last mile package delivery for revenue generation is potentially economically beneficial. The final case study evaluated an implemented transportation research project where research costs are unknown. The case study evaluated the use of differential truck speed limits and uniform speed limits on two-lane highways in Montana. The BCA ratio for the case study was 17.5 indicating that the implementation of a uniform speed limit on two-lane highways in Montana is economically beneficial. The case studies indicated that the developed BCA tools are a beneficial tool for quantifying the benefits of transportation research projects.



Benefit Cost Analysis Of Transportation Research Projects


Benefit Cost Analysis Of Transportation Research Projects
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Author : Amir Tavakoli
language : en
Publisher:
Release Date : 1992

Benefit Cost Analysis Of Transportation Research Projects written by Amir Tavakoli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Highway departments categories.




Cost Benefit Analysis For Development


Cost Benefit Analysis For Development
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2013-01-01

Cost Benefit Analysis For Development written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-01 with Business & Economics categories.


The Asian Development Bank (ADB) has been continuously undertaking measures to enhance the effectiveness of its operations. To improve projects both at the preparation and implementation stages, ADB issued the Guidelines for Economic Analysis of Projects in 1997 as a means to enhancing project quality at entry. The conduct of proper economic analysis helps ensure the efficient use of development funds and public resources and thereby increase aid effectiveness. This practical guide is a supplement to the Guidelines for the Economic Analysis of Projects. It provides an overview of recent methodological developments in cost-benefit analysis as well as suggested improvements in the economic analysis of projects in selected sectors through case studies. These case studies illustrate the application of suggested methodologies, taking into account sector-specific needs, as well as difficulties faced by practitioners in terms of data and time constraints during project processing. It also aims to contribute to ADB’s capacity building initiatives as this will be the main reference material for conduct of economic analysis.



Wisconsin Transportation Research


Wisconsin Transportation Research
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Author :
language : en
Publisher:
Release Date : 2001

Wisconsin Transportation Research written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Highway research categories.




Project Management


Project Management
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Author : Stewart R. Clegg
language : en
Publisher: SAGE
Release Date : 2020-10-12

Project Management written by Stewart R. Clegg and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-12 with Business & Economics categories.


Project management is an essential life and workplace skill that everyone must develop. Following the popular style and format of other textbooks by Stewart Clegg, this brand new co-authored textbook on project management provides a much needed European perspective to the subject. Drawing on the latest research and practice, the authors guide students on an active learning journey through the project lifespan, promoting a critical and reflexive approach to studying project management, as well as one that creates value for all project stakeholders and emphasizes people and not just process. Case studies and examples discussed in the text cover a wide range of projects from large to smaller across different industries and sectors, both public and private, including: megaprojects (HS2); mega events (Olympics); political projects (Brexit); health-related project implementation (LEAN); tech-related projects (Google); building and restoration projects (housing/Sagrada Familia); and arts and cultural projects (European Capital of Culture). Incorporating a host of learning features both in chapters and via the supporting online resources, this textbook is essential reading for all students/managers completing a course unit in project management at either undergraduate or postgraduate level.



Handbook Of Transportation Policy And Administration


Handbook Of Transportation Policy And Administration
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Author : Jeremy Plant
language : en
Publisher: Taylor & Francis
Release Date : 2007-02-22

Handbook Of Transportation Policy And Administration written by Jeremy Plant and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-02-22 with Political Science categories.


In the past few decades, the field of transportation has changed dramatically. Deregulation and greater reliance on markets and the private sector has helped to reconfigure the transport industries, while the rise of intermodal goods and global commerce has produced efficiencies of operation and a greater interdependence among transport modes. In a



Analytical Tools For Asset Management


Analytical Tools For Asset Management
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Author : Cambridge Systematics
language : en
Publisher: Transportation Research Board
Release Date : 2005

Analytical Tools For Asset Management written by Cambridge Systematics and has been published by Transportation Research Board this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Bridges categories.


TRB's National Cooperative Highway Research Program (NCHRP) Report 544: Environmentally Sensitive Channel- and Bank-Protection Measures examines environmentally sensitive channel- and bank-protection measures and includes recommended design guidelines for their application and a selection system for helping to determine the most appropriate channel- and bank-protection measure. The selection system is presented as an interactive software program entitled "Greenbank," which can be found on the accompanying CD-ROM (CRP-CD-58). The selection system software (CRP-CD-58) is available for download in an ZIP format.



Annual Solicitation For Research Proposals Program Of University Research


Annual Solicitation For Research Proposals Program Of University Research
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Author : United States. Dept. of Transportation. Office of University Research
language : en
Publisher:
Release Date : 1976

Annual Solicitation For Research Proposals Program Of University Research written by United States. Dept. of Transportation. Office of University Research and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Transportation categories.




Nasa Sp 7500


Nasa Sp 7500
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Author : United States. National Aeronautics and Space Administration
language : en
Publisher:
Release Date :

Nasa Sp 7500 written by United States. National Aeronautics and Space Administration and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.




Achieving Sustainable Urban Form


Achieving Sustainable Urban Form
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Author : Elizabeth Burton
language : en
Publisher: Routledge
Release Date : 2013-07-04

Achieving Sustainable Urban Form written by Elizabeth Burton and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-04 with Architecture categories.


Achieving Sustainable Urban Form represents a major advance in the sustainable development debate. It presents research which defines elements of sustainable urban form - density, size, configuration, detailed design and quality - from macro to micro scale. Case studies from Europe, the USA and Australia are used to illustrate good practice within the fields of planning, urban design and architecture.