INDOT Research Program Benefit Cost Analysis—Return on Investment for Projects Completed in FY 2016

McCullouch, Bob

doi:10.5703/1288284316631

Cited by 1 publication

(3 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The study evaluated a total of 42 projects completed during the 2016 fiscal year to develop an overall BCA ratio for the INDOT Research Program. The analysis considered that the savings composed of the following components: agency savings and costs; road-user cost savings; and safety cost savings ( 6 ). The process used by the study to estimate the benefits was the application of engineering judgment rather than a set benefit estimation methodology.…”

Section: Introductionmentioning

confidence: 99%

“…Of the 42 project identified only ten had benefits that were quantifiable. Of the ten quantifiable projects, eight resulted in agency savings of approximately $76 million at a cost of $6.2 million resulting in a BCA ratio of 12 for agency savings projects ( 6 ). The remaining two quantifiable projects resulted in safety/road-user cost savings of approximately $290 million at a cost of $6.2 million resulting in a BCA ratio of 46 ( 6 ).…”

Section: Introductionmentioning

confidence: 99%

“…Of the ten quantifiable projects, eight resulted in agency savings of approximately $76 million at a cost of $6.2 million resulting in a BCA ratio of 12 for agency savings projects ( 6 ). The remaining two quantifiable projects resulted in safety/road-user cost savings of approximately $290 million at a cost of $6.2 million resulting in a BCA ratio of 46 ( 6 ). Even though the process for the ROI analysis is simple, the analysis demonstrated the use of the BCA for evaluating transportation research projects.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Development of Benefit Cost Analysis Tools for Evaluating Transportation Research Projects

Greer

Ksaibati

2019

Transportation Research Record

View full text Add to dashboard Cite

Transportation research projects are a vital element for transportation agencies to accumulate new technology and knowledge to improve the efficiency and safety of transportation infrastructure. The purpose of this paper is to develop benefit cost analysis (BCA) tools to assist transportation agencies in evaluating transportation research projects. The BCA tools provide analysis methods for estimating the benefits for changes in the level of service (LOS) of a roadway, reductions in the vehicle travel time, changes in vehicle operating costs and reductions in the number of crashes. Three case studies were investigated to illustrate the usage of the BCA tools. The first case study evaluated the effectiveness of variable speed limit systems implemented along I-80 in southern Wyoming. The BCA tools estimated a benefit cost ratio of 6.64 indicating that the implementation of the project was economically justifiable. The second case study was a recent study investigating and developing mitigation strategies for the effects of truck traffic along the I-80 in southern Wyoming resulting in a benefit cost ratio of a 9.23 indicating that the project had the potential to be economically viable upon implementation. The final case study evaluated the effect of wildlife overpass and underpass crossings on the migrations of pronghorn and mule deer. The benefit cost ratio for the research project was 0.42 indicating that the project was not economically beneficial after the first year of implementation. The case studies indicated that the BCA tools are a beneficial tool for quantifying the economic benefits of a transportation research project.

show abstract

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%