EXPANDING THE SET OF EFFICIENCY GAINS OF A HIGHWAY INVESTMENT: CONCEPTUAL, METHODOLOGICAL, AND PRACTICAL ISSUES

Many states are conducting benefit-cost analyses of potential highway improvements to help ensure that their major highway investments enhance economic competitiveness. The purpose of this article is to explore ways in which logistical cost savings can be incorporated into benefit-cost analyses of highway improvements. Just-in-time (JIT) manufacturing has emerged as an important means for gaining a competitive advantage by reducing inventory costs. For JIT to be effective, reliability in arrival times is of paramount importance; it is even more critical than time-in-route. The distribution of time-in-route should be as narrow as possible. The authors discuss benefit-cost analyses of highway improvement projects and suggest a framework for incorporating logistical considerations into these analyses.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/1588960
• Corporate Authors:

  American Society of Transportation and Logistics

  3600 Chamberlain Lane
  Louisville, KY  United States  40241
• Authors:
  • Allen, B J
  • Baumel, C P
  • Forkenbrock, D J
• Publication Date: 1994

Language

• English

Media Info

• Features: Figures; References; Tables;
• Pagination: p. 39-47
• Serial:
  • Transportation Journal
  • Volume: 34
  • Issue Number: 1
  • Publisher: American Society of Transportation and Logistics
  • ISSN: 0041-1612
  • Serial URL: https://scholarlypublishingcollective.org/psup/transportation-journal

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Economic efficiency; Highways; Improvements; Innovation; Investments; Just in time production
• Uncontrolled Terms: Efficiency
• Old TRIS Terms: Concepts
• Subject Areas: Economics; Highways; Planning and Forecasting; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00672431
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 25 1995 12:00AM