INDOT Research Program Benefit Cost Analysis-Return on Investment for Projects Completed in FY 2017

The Governor’s Office requested an annual financial analysis of the Indiana Department of Transportation (INDOT) Research Program to determine the return on the research investment (ROI). The current financial analysis is for research projects that completed in FY 2017. Analyses on previous year’s projects is necessary primarily due to the time it takes some project outcomes to be implemented goes into the following year, so FY 2017 analysis is done in 2018. This analysis will supplement the annual IMPACT report (qualitative and quantitative benefits) by adding a rigorous quantitative benefit cost analysis (BCA) to the Research Program. Previous financial analyses used the approach of calculating net present values of cash flows to determine a benefit cost ratio and this report uses the same approach. Additionally, an overall program rate of return (ROI) is reported and will be accumulated over time into a rolling 5-year average.

• Record URL:
  • https://doi.org/10.5703/1288284316871
• Corporate Authors:

  Purdue University

  School of Civil Engineering, 550 Stadium Mall Drive
  West Lafeyette, IN  United States  47907

  Purdue University

  Joint Transportation Research Program
  West Lafayette, IN  United States  47907-2051

  Indiana Department of Transportation

  100 N Senate Avenue
  Indianapolis, IN  United States  46204

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • McCullouch, Bob
• Publication Date: 2018-12

Language

• English

Media Info

• Media Type: Digital/other
• Features: Appendices; References; Tables;
• Pagination: 27p

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Financial analysis; Research projects; Return on investment
• Identifier Terms: Indiana Department of Transportation
• Subject Areas: Economics; Finance; Research; Transportation (General);

Filing Info

• Accession Number: 01691503
• Record Type: Publication
• Report/Paper Numbers: FHWA/IN/JTRP-2018/25
• Contract Numbers: SPR-4225
• Files: TRIS, ATRI, USDOT, STATEDOT
• Created Date: Jan 28 2019 10:11AM