THE PLANNING AND ECONOMICS OF HIGH-SPEED TRANSPORTATION FOR A REGION UNDER RAPID URBANIZATION
IN THIS PAPER AN ATTEMPT HAS BEEN MADE TO CONSTRUCT DECISION RULES FOR POLICY MAKERS TO USE IN DETERMINING THE OPTIMAL FORM AND LEVEL OF TRANSPORTATION SERVICES TO BE SUPPLIED. THE CRITERION UNDERLYING THESE DECISION RULES IS THAT THE RESOURCES OF THE ECONOMY SHOULD BE ALLOCATED IN A MANNER THAT WILL BEST SATISFY THE WANTS OF INDIVIDUALS. TO FORMULATE THE DECISION RULES, THEORETICAL COST AND VALUE CONCEPTS FOR TRANSPORTATION SERVICES WERE DEVELOPED. THE DECISION RULE REGARDING THE USE OF A GIVEN MODE OF TRANSPORTATION IS THAT THE BENEFITS OR VALUE OF THE SERVICE MUST BE AT LEAST AS GREAT AS THE COSTS INVOLVED IN SUPPLYING IT. ONCE IT HAS BEEN DECIDED TO USE A GIVEN FORM OF TRANSPORTATION, THE LEVEL OF SERVICE SHOULD BE SET AT A LEVEL WHERE THE VALUE OF THE LAST UNIT IS EQUAL TO THE COST OF SUPPLYING IT. AT THIS LEVEL OF SERVICE, THE NET BENEFITS WILL BE A MAXIMUM. WHERE THE CHOICE OF SEVERAL COMBINATIONS OF TRANSPORTATION SERVICES ARE AVAILABLE, THE COMBINATION THAT YIELDS THE HIGHEST NET BENEFIT SHOULD BE ADOPTED. /AUTHOR/
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Supplemental Notes:
- Vol 1, pp 32-46
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Authors:
- Johnson, J A
- Potvin, G
- Wilson, N E
- Publication Date: 1967-1
Media Info
Subject/Index Terms
- TRT Terms: Benefit cost analysis; Decision making; Economics; Transportation; Transportation planning; Urban transportation
- Uncontrolled Terms: Transportation systems
- Subject Areas: Economics; Society; Transportation (General);
Filing Info
- Accession Number: 00239803
- Record Type: Publication
- Files: TRIS
- Created Date: Feb 20 1994 12:00AM