2020
DOI: 10.1177/0361198120929686
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Utilizing an Analytical Hierarchy Process with Stochastic Return On Investment to Justify Connected Vehicle-Based Deployment Decisions

Abstract: With the increasing interest in connected vehicles (CV), it becomes all the more important to support decisions by transportation agencies to invest in Connected Vehicle to Infrastructure (V2I) applications. This paper presents a method that can be used to justify the investment in CV-based safety applications considering the availability of existing solutions. The method utilizes a combination of stochastic return on investment (ROI) analysis and a multi-criteria decision-analysis (MCDA) procedure to account … Show more

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Cited by 12 publications
(4 citation statements)
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“…SROI has also been used to measure the social value created by investing in risk-based transportation asset management systems in the state of Iowa [41]. Although there are studies that evaluate the monetary benefits of transportation programs through approaches such as CBA [42,43] and ROI [44], studies utilizing SROI to measure the social value created by transportation interventions remain few [45]. Considering the potential for societal gains, including in SDOH, that can result from investing in transportation services, SROI is an appropriate approach to capture social, economic, and environmental returns from such investments.…”
Section: Social Return On Investmentmentioning
confidence: 99%
“…SROI has also been used to measure the social value created by investing in risk-based transportation asset management systems in the state of Iowa [41]. Although there are studies that evaluate the monetary benefits of transportation programs through approaches such as CBA [42,43] and ROI [44], studies utilizing SROI to measure the social value created by transportation interventions remain few [45]. Considering the potential for societal gains, including in SDOH, that can result from investing in transportation services, SROI is an appropriate approach to capture social, economic, and environmental returns from such investments.…”
Section: Social Return On Investmentmentioning
confidence: 99%
“…The CR was checked against each case to ensure the overall consistency of the result ( 76 ). Only the checks resulting in a value less than 0.1 were accepted as consistent ( 77 , 78 ). After the CR check, respondents who made inconsistent decisions were discarded owing to the violation of CR criteria.…”
Section: Data Collection and Analysismentioning
confidence: 99%
“…ICS contains several types of control systems, such as supervisory control and data acquisition (SCADA) systems, and distributed control systems (DCSs). ICSs are widely used in different critical infrastructures such as smart grids, power distribution, transportation systems, water treatment plants, and manufacturing [1,2]. In the power plants, ICS's key role is evident, and a multitude of automated systems are operating in a SCADA framework.…”
Section: Introductionmentioning
confidence: 99%