Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments (2017) / Chapter Skim
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Pages 104-108
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104 S t e p 1 0 10.1 Goal The goal of this step is to develop and employ appropriate decision criteria and then report the results in a meaningful format. 10.2 Tasks Develop and Employ Final Decision Criteria Single Multimodal Project The most common economic decision criteria -- and the ones recommended -- are the NPV and BCR for the build and do-minimum alternatives.
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Develop Decision Criteria and Report BCA Results 105 another group. When there are non-monetizable metrics, consider using a multiple-account BCA (MA-BCA)
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106 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments An example of MA-BCA is shown in Appendix J Do not count metrics from one account in other accounts to avoid double counting.
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From page 107... ...
Develop Decision Criteria and Report BCA Results 107 In a case where there are quantifiable but hard-to-monetize measures or difficult-to-quantify metrics, the table entries can be converted into the multiple-accounts format shown in Appendix J NPV 2 and NPV 1 are just methods of reporting benefits with and without reliability and WEBs respectively assuming that some of these may be difficult to quantify or monetize.
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From page 108... ...
108 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments • Use an MA-BCA process for developing a business case, which can easily accommodate additional criteria such as WEBs, environmental or health effects, noise effects, or others (qualitative, hard to measure, or hard to monetize) based on the affected environment and context.
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