ECONOMIC EVALUATION OF DEVELOPMENT PROJECTS ON TRANSPORTATION ROW

The development and application of a computer model for testing the feasibility of multiple agency development-projects at proposed transit stations is described. Given a development strategy, the model allocates project costs and revenues among a number of participating entities and uses the "Internal Rate of Return" technique to compute the project returns to each entity. An iterative technique is used to derive the return by "converging" the numerical value of the "Net Present Worth" of the cash flow to zero by systematically altering the interest rate. The return for each entity is calculated by the model in the form of a three dimensional matrix as a function of the type, location and strategy of the project.

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  • Accession Number: 00362103
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Files: TRIS
  • Created Date: Oct 30 1982 12:00AM