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The Evaluation of Transportation Investment Projects

2010-05-26 Business & Economics
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Release : 2010-05-26
Genre : Business & Economics
Kind : eBook
Book Rating : 077/5 ( reviews)

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Book Synopsis The Evaluation of Transportation Investment Projects by : Joseph Berechman

Download or read book The Evaluation of Transportation Investment Projects written by Joseph Berechman. This book was released on 2010-05-26. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the world, the use of some kind of a formal transportation project evaluation procedure is a requirement. Yet, by and large, these are partial; in fact, much weight is often placed on the initial -pre-engineering -phases of the planning process, when vital information, such as accurate costs and demand projections, is largely missing. Moreover, many of these procedures neglect to consider key issues such as project’s risks, capital costs financing, latent demand, market imperfections, labor force availability and various incompatibilities between trip rates, travel times and activity location. As a result, projects, which are judged as viable under such deficient evaluation schemes, may have had a significantly different projection of capital costs and demand should a well-founded, thorough, and efficient evaluation process be used. Against this background, this book’s main objective is to construct a comprehensive and methodical economic, planning and decision-making framework for the evaluation of proposed transportation infrastructure investment projects. Such a framework is founded on four key principles. It is based on well-established economic, transportation and policy-analysis theoretical principles; it is comprehensive enough to encompass all relevant evaluation issues; it is applicable to a wide range of transportation investment projects; and it is amenable to empirical application including a sensitivity analysis and alternative scenarios regarding urban, regional and national developments.

Economic Evaluation of Transport Projects

2023-08-01 Business & Economics
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Release : 2023-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 593/5 ( reviews)

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Book Synopsis Economic Evaluation of Transport Projects by : Ginés de Rus

Download or read book Economic Evaluation of Transport Projects written by Ginés de Rus. This book was released on 2023-08-01. Available in PDF, EPUB and Kindle. Book excerpt: This book is a guide to the economic evaluation of transport policies and investment projects through cost-benefit analysis (CBA). It covers the CBA of transportation projects and policies, and introduces the fundamental concepts of CBA before considering their application in real-world settings. A distinct focus of the book is on the practical applications of CBA. It includes real-world examples of CBA, such as high-speed rail investment and the subsidization of air transport, which illustrate the importance of using a rigorous analytical framework to evaluate transport projects and policies. The primary objective of this book is to present a basic model for the evaluation of transport projects and policies, with explicit assumptions and practical evaluation rules derived from it. The rules and measurement criteria derived from this model are applied to the examples mentioned above. Overall, this book is an excellent resource for students, practitioners, and policymakers involved in transport economics and evaluation, as it provides a comprehensive understanding of the principles and applications of CBA in the transport sector.

Transportation Decision Making

2011-09-09 Technology & Engineering
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Release : 2011-09-09
Genre : Technology & Engineering
Kind : eBook
Book Rating : 662/5 ( reviews)

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Book Synopsis Transportation Decision Making by : Kumares C. Sinha

Download or read book Transportation Decision Making written by Kumares C. Sinha. This book was released on 2011-09-09. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering text provides a holistic approach to decisionmaking in transportation project development and programming, whichcan help transportation professionals to optimize their investmentchoices. The authors present a proven set of methodologies forevaluating transportation projects that ensures that all costs andimpacts are taken into consideration. The text's logical organization gets readers started with asolid foundation in basic principles and then progressively buildson that foundation. Topics covered include: Developing performance measures for evaluation, estimatingtravel demand, and costing transportation projects Performing an economic efficiency evaluation that accounts forsuch factors as travel time, safety, and vehicle operatingcosts Evaluating a project's impact on economic development and landuse as well as its impact on society and culture Assessing a project's environmental impact, including airquality, noise, ecology, water resources, and aesthetics Evaluating alternative projects on the basis of multipleperformance criteria Programming transportation investments so that resources can beoptimally allocated to meet facility-specific and system-widegoals Each chapter begins with basic definitions and concepts followedby a methodology for impact assessment. Relevant legislation isdiscussed and available software for performing evaluations ispresented. At the end of each chapter, readers are providedresources for detailed investigation of particular topics. Theseinclude Internet sites and publications of international anddomestic agencies and research institutions. The authors alsoprovide a companion Web site that offers updates, data foranalysis, and case histories of project evaluation and decisionmaking. Given that billions of dollars are spent each year ontransportation systems in the United States alone, and that thereis a need for thorough and rational evaluation and decision makingfor cost-effective system preservation and improvement, this textshould be on the desks of all transportation planners, engineers,and educators. With exercises in every chapter, this text is anideal coursebook for the subject of transportation systems analysisand evaluation.

Transport Project Evaluation

2008-01-01 Transportation
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Release : 2008-01-01
Genre : Transportation
Kind : eBook
Book Rating : 681/5 ( reviews)

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Book Synopsis Transport Project Evaluation by : Elvira Haezendonck

Download or read book Transport Project Evaluation written by Elvira Haezendonck. This book was released on 2008-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This timely book puts transport cost benefit analysis in a wider, institutional perspective, relating it in particular to decision making. The book will be of interest to practitioners, consultants and academics who are active in the evaluation of transport projects. Erik T. Verhoef, VU University Amsterdam, The Netherlands This is an important piece of work on project evaluation. An attractive feature is the balanced treatment of theory and application. The book provides very useful information on efforts of national governments in various countries to increase the quality of project evaluation studies by formulating guidelines for project evaluation. One of the strong points of the book is that it does not only address technical aspects of project evaluation tools, but also the institutional structures within which decisions are taken. Piet Rietveld, Vrije Universiteit and Tinbergen Institute, Amsterdam, The Netherlands This book revisits traditional evaluation methods, such as cost benefit analysis, to try and find a balance between the ever-increasing demand for transport, the search for sustainable mobility and green transport solutions, and the limited financial resources that governments are able to invest in transport infrastructure projects. In this respect, the effects of transport policy need to be measured and evaluated based on multiple criteria and the need to take into consideration a larger group of stakeholders and investors in transport projects. The book illustrates, methodologically and empirically, why and how the institutional and multi-actor environment impacts upon the analysis, evaluation and decision-making of transport projects in Europe. Including contributions from scholars with considerable expertise in the field, this book will be of great interest to consultants, policymakers and researchers.

ECMT Round Tables Evaluating Investment in Transport Infrastructure Report of the Eighty-Sixth Round Table on Transport Economics Held in Paris on 7-8 June 1990

1992-02-01
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Release : 1992-02-01
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Book Rating : 334/5 ( reviews)

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Book Synopsis ECMT Round Tables Evaluating Investment in Transport Infrastructure Report of the Eighty-Sixth Round Table on Transport Economics Held in Paris on 7-8 June 1990 by : European Conference of Ministers of Transport

Download or read book ECMT Round Tables Evaluating Investment in Transport Infrastructure Report of the Eighty-Sixth Round Table on Transport Economics Held in Paris on 7-8 June 1990 written by European Conference of Ministers of Transport. This book was released on 1992-02-01. Available in PDF, EPUB and Kindle. Book excerpt: This publication describes the techniques used for evaluation of transport infrastructure investment in a number of ECMT countries and the effectiveness of such methods, and examines conditions governing their use.

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