HIGHWAY ENGINEERING ECONOMY: A WORKBOOK
This workbook sets forth the basic objectives and principles of engineering economy, and presents methods and procedures to follow in solving for the economy of proposed improvements to highways. Analyzing the economic consequences of proposed highway facilities brings into study a variety of complex factors each of which is deserving of consideration in the two basic decisions: (1) whether to build a new facility or to let the status quo prevail, and (2) a decision for each design element (e.g., location, geometrics and materials) of the facility. The single main objective of the economic analysis is to furnish the decision maker with aids, tools and information which are pertinent to his deliberations leading up to a decision of whether to build, and if to build, to what design and specifications. The workbook presents in two main groups the basic factors involved in the economic analysis--the market factors and the non-market factors. The market factors are the road user factors which can be priced on the market and thus the analysis for engineering economy can be made on the basis of dollar values. The non-market factors include road user factors which cannot be market priced and the general economic, social and community consequences that may or may not be priceable.
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Corporate Authors:
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC United States 20590 - Publication Date: 1983-4
Media Info
- Features: Figures; References; Tables;
- Pagination: 64 p.
Subject/Index Terms
- TRT Terms: Decision making; Economic analysis; Highway engineering; Highways; Improvements
- Subject Areas: Economics; Highways; Society; I10: Economics and Administration;
Filing Info
- Accession Number: 00379531
- Record Type: Publication
- Source Agency: National Highway Traffic Safety Administration
- Report/Paper Numbers: HS-034 893
- Files: HSL, TRIS, USDOT
- Created Date: Nov 30 1983 12:00AM