METHODOLOGY FOR COMPARATIVE ECONOMIC ANALYSIS OF CONSTRUCTION AND TSM ALTERNATIVES

In order to assess the difference in economic effects between construction projects and non-construction TSM investments, an economic analysis was conducted using the traditional "benefit-cost" (B/C) method. The TSM investments consist of costs required to fund a staggered work hours (SWH) program, increasing the vehicle occupancy rate (VOR), and increasing the transit mode split. This method determines the ratio of benefits to cost after each project/alternative has been discounted with respect to its expected life at a minimal attractive rate of return (i.e., all projects/alternatives were discounted to an equivalent uniform annual cost based on an expected life of 20 years and a minimal attractive rate of return of 10%). Projects with B/C ratios greater than one ( > 1.0) are considered economically attractive while those with B/C ratios less than one ( < 1.0) are considered not to be economically efficient.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/614107147
• Corporate Authors:

  Institute of Transportation Engineers (ITE)

  Washington, DC  United States 
• Authors:
  • Legett, E D
• Publication Date: 1984-8

Media Info

• Features: References;
• Pagination: p. 45-50
• Serial:
  • ITE Journal
  • Volume: 54
  • Issue Number: 8
  • Publisher: Institute of Transportation Engineers (ITE)
  • ISSN: 0162-8178
  • Serial URL: https://www.ite.org/publications/ite-journal/

Subject/Index Terms

• TRT Terms: Alternatives analysis; Analysis; Benefit cost analysis; Construction; Construction projects; Economics; Highway engineering; Highways; Investments; Modal split; Natural earth crust materials; Operations research; Project management; Rate of return; Staggered work hours; Transportation system management; Vehicle occupancy
• Uncontrolled Terms: Comparative analysis
• Old TRIS Terms: Capital intensive construction; Earths crust; Highway systems
• Subject Areas: Administration and Management; Construction; Economics; Geotechnology; Highways; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00393547
• Record Type: Publication
• Source Agency: Engineering Index
• Report/Paper Numbers: HS-037 712
• Files: TRIS
• Created Date: May 31 1985 12:00AM