INVESTMENT EVALUATION MODEL FOR MULTIMODAL TRANSPORT CORRIDORS

A method of economic evaluation of centrally focused multimodal urban transport corridors is presented that is based on certain production theory principles. Production functions are developed in terms of average door-to-door travel velocity in a corridor as a function of commuter-rail and expressway-facility inputs. Cost data are used to establish the optimum combinations of transport mode inputs for various travel speeds. The information used to develop the relationships was obtained in the Toronto region. The use of the techniques described in the paper allows the technical and economic characteristics of the modes to be examined in a quasi-continuous way, which allows a broad range of potential modal combinations to be evaluated. This is in contrast to the normal economic evaluation approach, which chooses from among a set of mutually exclusive, mode-specific alternatives that may not include the optimal alternative. The framework allows the examination of a range of policy variables such as parking charge changes in the central business district and the effect of dial-a-bus as a residential feeder mode.

• Record URL:
  • http://onlinepubs.trb.org/Onlinepubs/trr/1975/550/550-003.pdf
• Summary URL:
  • https://scholar.google.com/scholar_lookup?title=INVESTMENT+EVALUATION+MODEL+FOR+MULTIMODAL+TRANSPORT+CORRIDORS&author=J.+Freeman&author=B.+Hutchinson&publication_year=1975
• Availability:
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• Supplemental Notes:
  • Publication of this paper sponsored by Committee on Application of Economic Analysis to Transportation Problems. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Authors:
  • Freeman, J
  • Hutchinson, B G
• Conference:
  • 54th Annual Meeting of the Transportation Research Board
  • Location: Washington District of Columbia
  • Date: 1975-1-13 to 1975-1-17
• Publication Date: 1975

Media Info

• Media Type: Print
• Features: Figures; References; Tables;
• Pagination: pp 26-34
• Monograph Title: Application of Economic Analysis to Transportation Problems
• Serial:
  • Transportation Research Record
  • Issue Number: 550
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Capital investments; Costs; Economic analysis; Economic conditions; Economic impacts; Investments; Mathematical models; Mode choice; Multimodal transportation; Optimization; Paratransit services; Pay parking; Policy; Transportation corridors; Transportation planning; Transportation policy; Urban growth; Urban transportation
• Uncontrolled Terms: Models; Parking costs
• Geographic Terms: Toronto (Canada)
• Old TRIS Terms: Dial-a-bus; Government policies; Urban corridors
• Subject Areas: Economics; Finance; Highways; Planning and Forecasting; Policy; Public Transportation; Railroads; Terminals and Facilities;

Filing Info

• Accession Number: 00129478
• Record Type: Publication
• ISBN: 0309024560
• Files: TRIS, TRB
• Created Date: Mar 10 1981 12:00AM