Major investment analysis for multimodal projects in urban corridors - phase I report

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dc.contributor.sponsorOklahoma Department of Transportation. Materials and Research Division. Office of Research & Implementation
dc.creatorMarshment, Richard S.
dc.date.accessioned2018-08-06T14:59:11Z
dc.date.available2018-08-06T14:59:11Z
dc.date.issued1994-12
dc.description.abstractRecent legislative and regulatory actions require major investment analyses of transportation projects prior to construction. These analyses must respect the intermodal consequences of proposed actions. The most commonly applied transportation investment analysis methods apply to specific modes and funding circumstances. The lack of a comprehensive investment evaluation methodology impedes advancement of intermodal and multi-modal transportation system development. Benefit-cost analysis may offer the best opportunity for fairly assessing the investment worthiness of transportation projects with multi- and intermodal impacts. Initial investigation of the feasibility of the benefit-cost approach finds it superior to the two most popular current methods, the Federal Transit Administration's cost effectiveness index, and the American Association of State Highway and Transportation Officials' user benefit analysis. Major technical hurdles to implementation of benefit-cost analysis are modal limitations in travel forecasting and development of cost factors for environmental impacts. A subsequent phase of this study will compare the benefit-cost approach to other methods by applying the various techniques to five transportation alternatives in the Oklahoma City region.
dc.description.peerreviewNo
dc.description.versionFinal Report 5-93-12-94
dc.format.extent115 pages
dc.format.extent19,363,788 bytes
dc.format.mediumapplication.pdf
dc.identifier.govdocFHWA-OK-97-05
dc.identifier.otherOklahoma Department of Transportation State Planning and Research item number 2415
dc.identifier.urihttps://hdl.handle.net/11244/301371
dc.languageen_US
dc.relation.ispartofseriesNo
dc.relation.requiresAdobe Acrobat Reader
dc.subject.keywordsBenefit-cost
dc.subject.keywordsMajor invest-analysis
dc.subject.keywordsMultimodal
dc.subject.keywordsIntermodal
dc.subject.keywordsCost effectiveness
dc.titleMajor investment analysis for multimodal projects in urban corridors - phase I report
dc.typeTechnical Report
dc.type.materialtext

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