Engineering Economic Analysis Practices for Highway Investment (2012) / Chapter Skim
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Pages 89-95
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90 chapter five ConClusions study objeCtives and Case development objectives and scope The objective of this project was to study current practices by U.S. state transportation agencies in performing engineering economic analyses (EEAs)
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91 chapter three. An extension of all of these cases to discuss implementation issues and considerations is presented in chapter four.
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92 Similar explanations are given in each case example for the measures of results. Where estimates of life-cycle benefits and costs are both available, a BCA is applied with the economic results metric expressed as a net present value, benefit–cost ratio, or in some cases an internal rate of return.
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93 the information)
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94 • Benefits that are difficult to quantify may be overlooked or eliminated from the analysis. • Lack of complete, accurate data may distort forecasts and lead to erroneous results.
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95 2. The FHWA review of the TIGER grant applications generated a topic for future research: to understand better the nonroad user benefits and nontraditional impacts of transportation investments.
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96 United States. An approach to this problem regarding asset management techniques involved creating agency profiles in the form of a series of tables by state DOT, listing factors regarded as important to asset management practice.
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