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Evaluation Methodologies for Transport Investment

Author: Michael Roe

Publisher: Routledge

Published: 2022-02-16

Total Pages: 247

ISBN-13: 1000549712

Originally published in 1987, this title reviews and evaluates the methodologies suitable for highway evaluation, along with the UK transport supplementary grant and TPP (Transport Policies and Programme) system. Examples of current UK practice are briefly described, with more details being given of the technique of priority ranking used in the case study area of the West Midlands. Multi criteria approaches are reviewed in chapter two. Chapter three looks at the choice of highway data input in the light of those available, and the practical structure of factorial analysis applied to the case study area. The book covers following issues: computer structure and requirements; highway problem data; referencing methods; site definition; and weighting methods. The results from this study are described and then analysed by classical factorial analysis. The implications of the technique for the TPP preparation process, for the derivation of priorities, and the highway evaluation process as a whole are given. Specific techniques, such as factorial analysis, bridge problem and bus aid ranking, highway capacity calculations and sensitivity testing, as well as the computer programs used (March and COBA) are described in greater detail in the appendices.

Evaluation Methodologies for Transport Investment

Author: Michael Roe

Publisher: Taylor & Francis

Published: 2022-02-16

Total Pages: 311

ISBN-13: 100054964X

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Transport Project Evaluation

Author: Elvira Haezendonck

Publisher: Edward Elgar Publishing

Published: 2008-01-01

Total Pages: 239

ISBN-13: 1847208681

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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.

The Evaluation of Transportation Investment Projects

Author: Joseph Berechman

Publisher: Routledge

Published: 2010-05-26

Total Pages: 514

ISBN-13: 1135214077

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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.

Impact of Transport Infrastructure Investment on Regional Development

Author: OECD

Publisher: OECD Publishing

Published: 2002-05-23

Total Pages: 152

ISBN-13: 9264193529

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This report describes evaluation methods for transport infrastructure investments to ensure that scarce resources are allocated in a way that maximises their net return to society.

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

Author: European Conference of Ministers of Transport

Publisher: OECD Publishing

Published: 1992-02-01

Total Pages: 116

ISBN-13: 9282105334

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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.

Transportation Decision Making

Author: Kumares C. Sinha

Publisher: John Wiley & Sons

Published: 2011-09-09

Total Pages: 576

ISBN-13: 1118169662

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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.

Impact Assessment and Evaluation in Transportation Planning

Author: Peter Nijkamp

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 251

ISBN-13: 9401582939

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Impact Assessment and Evaluation in Transportation Planning contains a refreshing approach to transportation planning by integrating impact analysis and evaluation methodology. It is original in that impact assessment and evaluation are brought together in a coherent framework. It is novel in the history of transportation science and particularly suitable as a pedagogical text, since methodologies are illustrated with various case studies and examples. It is particularly suitable for practitioners and students who want to become acquainted with conflict analysis and plan/project evaluation in the area of transportation planning.

Ex-Post Assessment of Transport Investments and Policy Interventions

Author: Organization for Economic Cooperation and Development

Publisher:

Published: 2017

Total Pages: 0

ISBN-13: 9789282108147

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Ex-post evaluation is important to improving the delivery of transport policy objectives. It can be used for multiple purposes at the core of which is the improvement of ex-ante assessment. A small number of jurisdictions employ ex-post evaluation systematically and leading experience is reviewed in this report. One reason ex-post analysis is not more widely employed is a number of methodological and data challenges. Several approaches have been developed to tackle these, including advanced statistical approaches, establishment of transport observatories to retain data that would otherwise be lost and a case study approach to compare similar locations subject to different investment and policy treatments. This report examines examples of best practice, discussing the potential of different approaches and how they can be used to complement each other.

Standard Transport Appraisal Methods

Author:

Publisher: Academic Press

Published: 2020-11-04

Total Pages: 336

ISBN-13: 0128208228

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Standard Transport Appraisal Methods, Volume 6 in the Advances in Transport Policy and Planning series, assesses both successful and unsuccessful practices and policies from around the world. Chapters in this new release include Transport models, Cost-Benefit Analysis, Value of Travel Time Savings and reliability, Value of Statistical Life, Wider economic benefits, Multi-criteria analysis, Best-Worst Method, Participatory Value Evaluation, Ex-post evaluation, Sustainability assessment, Evaluating Transport Equity, Environmental Impact Assessment, Decision-Support Systems, Deliberative appraisal methods, Critique on appraisal methods, Appraisal methods in developing countries, Research agenda for appraisal methods, and much more. Provides the authority and expertise of leading contributors from an international board of authors Presents the latest release in the Advances in Transport Policy and Planning series