THE ANNUAL COST OF HIGHWAYS
A METHOD FOR DETERMINING ANNUAL COST OF HIGHWAYS HAS MANY USES IN HIGHWAY ECONOMICS, INCLUDING A COMPARISON OF PAVEMENT TYPES. ECONOMIC YARDSTICK METHODS FOR DETERMINING THE ANNUAL COST OF HIGHWAYS ARE REVIEWED. IT IS RECOMMENDED THAT AASHO ADOPT A FORMALIZED PROCEDURE FOR DETERMINING THE ANNUAL COST OF HIGHWAYS. THIS WILL BE OF MATERIAL ASSISTANCE IN THE SOLUTION OF THE BENEFIT-COST RATIO WHICH CAN BE USED TO MEASURE THE RELATIVE VALUE TO THE PUBLIC OF THE VARIOUS PROJECTS IN THE SELECTION OF A CONSTRUCTION PROGRAM. SUCH INFORMATION WILL BE OF GREAT AID IN MAKING A CHOICE BETWEEN ALTERNATE HIGHWAY LOCATIONS, AND ALSO AS A CHECK ON THE DESIGN OF A PROJECT. IF THE BENEFIT-COST RATIO IS LESS THAN ONE, THE ANNUAL BENEFITS OF THE PROJECT ARE NOT ENOUGH TO JUSTIFY THE ANNUAL COST AND THE NEED FOR A LESS EXPENSIVE DESIGN IS INDICATED.
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Supplemental Notes:
- 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.
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Authors:
- Baldock, R H
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Discussers:
- Hansen, Harold W
- Baldock, R H
- Publication Date: 1963
Media Info
- Media Type: Digital/other
- Features: Figures; References; Tables;
- Pagination: pp 91-111
- Monograph Title: Highway economics
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Serial:
- Highway Research Record
- Issue Number: 12
- Publisher: Highway Research Board
Subject/Index Terms
- TRT Terms: Alternatives analysis; Benefit cost analysis; Costs; Highway design; Highways; Location; Methodology; Pavements
- Candidate Terms: Highway economics
- Uncontrolled Terms: Highway location
- Old TRIS Terms: Annual cost; Determination
- Subject Areas: Economics; Finance; Highways; Pavements; Society;
Filing Info
- Accession Number: 00201104
- Record Type: Publication
- Files: TRIS, TRB
- Created Date: Dec 12 1994 12:00AM