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Page 123
Suggested Citation:"Acronyms and Abbreviations." National Academies of Sciences, Engineering, and Medicine. 2017. Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments. Washington, DC: The National Academies Press. doi: 10.17226/24680.
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Page 123
Page 124
Suggested Citation:"Acronyms and Abbreviations." National Academies of Sciences, Engineering, and Medicine. 2017. Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments. Washington, DC: The National Academies Press. doi: 10.17226/24680.
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Page 124

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123 AAR Association of American Railroads AASHTO American Association of State Highway and Transportation Officials APEEP Air Pollution Emission Experiments and Policy BCA Benefit-Cost Analysis BCR Benefit-Cost Ratio BEA Bureau of Economic Analysis BenMAP Benefit Analysis and Mapping Program BenMAP-CE Benefit Analysis and Mapping Program–Community Edition BTS Bureau of Transportation Statistics CMAQ Congestion Mitigation and Air Quality CMPD Common Multiples of Project Duration DOT Department of Transportation EANB Equivalent Annual Net Benefit EIA Economic Impact Analysis EPA Environmental Protection Agency FAA Federal Aviation Administration FAF Freight Analysis Framework FHWA Federal Highway Administration FRA Federal Railroad Administration GAO Government Accountability Office GTMS General Train Movement Simulator HERS Highway Economic Requirement System HERS-ST Highway Economic Requirement System—State Version HFLRT Highway Freight Logistics Reorganization Tool IANA Intermodal Association of North America ITIC Intermodal Transportation and Inventory Costing Model MA-BCA Multiple-Account Benefit-Cost Analysis MAROps Mid-Atlantic Rail Operations MD Modal Projects with Diversion Implications MPO Metropolitan Planning Organization NCFRP National Cooperative Freight Research Program NOx Nitrogen Oxides NPV Net Present Value O-D Origin-Destination OMB Office of Management and Budget P&G Principles and Guidelines PM Particulate Matter PPP Public-Private Partnership Acronyms and Abbreviations

124 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments RDM Robust Decision Making RTC Rail Traffic Controller RV Residual Value SCC Social Cost of Carbon SHRP2 Strategic Highway Research Program 2 SO2 Sulphur Dioxide STB Surface Transportation Board STEAM Surface Transportation Efficiency Analysis Model TACT Terminal Access Connectivity Tool TEE Transportation Economic Efficiency TEU Twenty-Foot Equivalent Unit TIGER Transportation Investment Generating Economic Recovery TTS Travel Time Savings URCS Uniform Rail Costing System USACE U.S. Army Corps of Engineers USDOT U.S. Department of Transportation VDOT Virginia Department of Transportation VMT Vehicle Miles Traveled VOC Volatile Organic Compounds VOFT Value of Freight Time VOR Value of Reliability VOT Value of Time VSL Value of a Statistical Life WEB Wider Economic Benefit

Next: Appendix A - Rule of Half Principle, Consumer Surplus, Producer Surplus, Kaldor-Hicks Criterion, and Financial Versus Economic BCA »
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TRB's National Cooperative Freight Research Program (NCFRP) Research Report 38: Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments explores how to conduct benefit-cost analyses (BCAs). A BCA is an analytical framework used to evaluate public investment decisions including transportation investments. BCA is defined as a collection of methods and rules for assessing the social costs and benefits of alternative public policies. It promotes efficiency by identifying the set of feasible projects that would yield the largest positive net benefits to society.

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