Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments (2017) / Chapter Skim
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199 A p p e n d i x M Excel Worksheets
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200 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor investments This file contains the following spreadsheet aids: Step 1: Define the Project Step 2: Determine Scope of the Analysis Step 3: Account for Project Costs Step 4: Identify Benefit Triggers and Metrics Step 5: Develop Forecasts Step 5_diversion modeling_new users Diversion Modeling (3 sheets) Step 5: Delay hours and reliability worksheets Step 6: First Order Benefit Metrics Step 7: Analyze Public Externalities Step 8: Higher Order Benefits Step 9: Conduct the BCA Step 9: Stakeholder Analysis Step 10: Decision Criteria and BCA Step 10: Reporting Table Step 11: Results of Sensitivity Testing, Monte Carlo Simulation and RDM use (3 sheets)
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Calculation of present value of future cash flows Updating Past Values Using an Inflation Factor Calculation of present value of past cash flows using indices: Base Year = 0 Real Discount Rate (Annual)
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202 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor investments Category Status Por N/A Land and Property Purchase Right of way acquisition Opportunity cost of owned or donated land Leaseholds Air/mineral rights Easements Purchases Construction Costs (material, labor, & equipment) Rail: Tracks Sidings Electrification Systems Safety/Security Installations Air: Landing Systems RunwayTaxiway Facilities Table 1 Costs Checklist
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excel Worksheets 203 Cargo Terminal Buidlings Access Development Port: Wharf Construction Berth Dredging Shed Construction Landside Access Safety/Security Installations Highway: Road Construction Access Development Safety/Security Installations Capital Costs Equipment Purchase Operating, Maintenance, and Administration Land Rents Staff Labor Note: Include only fixed costs of operations and maintainance and ensure they are corridor specific and can be related to the project. In certain cases, where there are fixed and variable components to operating and maintance costs, including "fixed" variable costs associated with an improvement is justified.
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Table 2 Mode Data source Applicable Fixed Operating Costs to Be Examined in the Context of a Project Examples Availability Format Highway Prior Studies, Stakeholder inputs, Estimated Costs associated with toll collections on existing roadway Microsoft Excel formats for download Annual Rail Examine Schedule 410 Form R1 Surface Transportation Board (for Fixed operating costs and variable operating costs)
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Electrical Equipment and Appliances General Commodity Group Cross-Price Elasticities Ra il t oT ru ck (F rei dla nd er 19 80 )
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1. Segment Analysis by Origin-Destination Pair 2.
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%04 tnacifingiS%07-06%04-03rebbuR dna scitsalP4225 Logs and Other Wood in the Rough 10-15% 80-90% Small 20%%08 egraL%06-05%05-04daolraCstcudorP dooW6227 Pulp, Newsprint, Paper, and Paperboard %08 egraL%06-05%05-04ladomretnI ,daolraC28 Paper or Paperboard Articles 0-5% 80-90% Small 20%oreZ%08-07%5-0stcudorP detnirP9230 Textiles, Leather, and Articles of Textiles or Leather . 0-1% 70-80% Small 20%31 Non-Metallic Mineral Products 10-20% 70-80% Small 20%32 Base Metal in Primary or Semi-Finished Forms and in Finished Basic Shapes 20-30% 60-70% Signi�icant 40% %02 llamS%58-57%02-01lateM esaB fo selcitrA33 %02 llamS%09-08%5-0yrenihcaM4335 Electronic and Other Electrical Equipment and Components, and Of�ice Equipment 0-5% 70-80% Small 20% 36 Motorized and Other Vehicles (including parts)
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INPUTS for Conceptual BCA 1. Freight Flow O-D tables for the corridor by mode, by commodity (weight- tons)
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Step 6 Notes: Not all speed columns must be entered. Be sure all speeds are either mph or kph.
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-$ -$ -$ -$ -$ -$ Step 9 Table 1 Highway Rail Water1 NPV TEE metrics -- non-business users (less travel costs) , if applicable Non-business users, if applicable 2 NPV TEE metrics -- business users(less travel costs)
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Table 2 Bene�its Q1 * (Change in costs build -nobuild)
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Sample Checklist of Assumptions for Any level of Analysis Checklist Criteria Breakdown/Comments Checklist Criteria Breakdown Costs Project Costs 1. Year of Each Estimate 2.
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Step 11 Table 1 of 4 Key Parameter Distribution Trial Number NPV (in 2016 US $, millions) Project Cost Estimate (in 2016 US $, millions)
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Step 11 Source of Uncertainty (Source Factor or Variable) Use Within BCA Nominal Value Rationale Document Source Factors' Type of Uncertainty for the Project Sample Population growth rate (assumed)
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Step 11 Key Parameter Use Within BCA Key Outputs Related to Parameter Low Value Considered High Value Considered Value of Key Output @ Lower Limit Value of Key Output @ Upper Limit Observations/Notes Sample Population growth rate Travel demand model; Commodity flow model Overall project benefits 0.5% per annum 1.5% per annum 178.4 (in 2016 US$, millions) 202.7 (in 2016 US$, millions)
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Step 11. Discount Rate Length of Analysis Period Induced Demand, Scenario … NPV (in 2016 US $, millions)
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Abbreviations and acronyms used without definitions in TRB publications: A4A Airlines for America AAAE American Association of Airport Executives AASHO American Association of State Highway Officials AASHTO American Association of State Highway and Transportation Officials ACI–NA Airports Council International–North America ACRP Airport Cooperative Research Program ADA Americans with Disabilities Act APTA American Public Transportation Association ASCE American Society of Civil Engineers ASME American Society of Mechanical Engineers ASTM American Society for Testing and Materials ATA American Trucking Associations CTAA Community Transportation Association of America CTBSSP Commercial Truck and Bus Safety Synthesis Program DHS Department of Homeland Security DOE Department of Energy EPA Environmental Protection Agency FAA Federal Aviation Administration FAST Fixing America's Surface Transportation Act (2015) FHWA Federal Highway Administration FMCSA Federal Motor Carrier Safety Administration FRA Federal Railroad Administration FTA Federal Transit Administration HMCRP Hazardous Materials Cooperative Research Program IEEE Institute of Electrical and Electronics Engineers ISTEA Intermodal Surface Transportation Efficiency Act of 1991 ITE Institute of Transportation Engineers MAP-21 Moving Ahead for Progress in the 21st Century Act (2012)
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TRA N SPO RTATIO N RESEA RCH BO A RD 500 Fifth Street, N W W ashington, D C 20001 A D D RESS SERV ICE REQ U ESTED N O N -PR O FIT O R G .
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