Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments (2017) / Chapter Skim
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1 This guidebook explains how to conduct multimodal, multijurisdictional benefit-cost analyses (BCAs)
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2 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments • Comparing alternatives for a single project, as is typical in a feasibility BCA (for instance, major investment studies alternatives analysis) or in early stage analysis.
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Introduction 3 recurring costs and benefits associated with multiple investments that compete with one another for constrained financial resources and presents these costs and benefits in a standardized framework that facilitates the evaluation and comparison of multiple alternatives. A multimodal project, BCA considers the strengths and weaknesses of projects that help move freight by different modes.
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4 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments No. Principle Description and Implications for Multimodal, Multijurisdictional Projects 1 Focus on aggregate benefits net of aggregate costs Projects are economically acceptable if aggregate benefits exceed aggregate costs.
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Introduction 5 Seven Tenets to Address Challenges This guidebook and its attendant methodology were developed with these core principles and the characteristics of a multimodal project BCA in mind. Seven tenets flow from these core principles to address challenges in a multimodal, multijurisdictional BCA.
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6 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments can occur when benefits are transferred from one party to another and then re-expressed or included a second time. This typically happens in the case of pecuniary externalities.)
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Introduction 7 Project purpose Basic description of project Definition of costs Project study area Freight flows/commodity flows/truck flows (tonnage, commodity, and other attributes) Origin-destination patterns Analysis time periods Defined alternatives in multimodal context (build/no-build scenarios)
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8 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments steps in this guidebook, in practice, the distinctions between the steps can blur. Several steps may be developed in parallel, and several iterations of one or more steps may be needed to develop a meaningful BCA.
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Introduction 9 Methodology Step Related Task(s)
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