A RATIONAL DECISION-MAKING TECHNIQUE FOR TRANSPORTATION PLANNING

EVALUATION OF TRANSPORTATION IMPROVEMENTS BY CONVENTIONAL BENEFIT-COST ANALYSIS RAISES THE PROBLEM OF TRYING TO EVALUATE BENEFITS /OR COSTS/ WHICH CANNOT READILY BE CONVERTED TO DOLLARS AND CENTS. SOMETIMES THESE BENEFITS ARE NEGLECTED. SOMETIMES THEY ARE CONVERTED TO DOLLARS NO MATTER HOW CRUDE THE ESTIMATE. MOST OFTEN THEY ARE MERELY QUALITATIVELY WEIGHED-IN-THE-MIND TO DETERMINE WHETHER OR NOT THEY ARE SUFFICIENT TO ALTER THE DECISION RECOMMENDED BY THE ECONOMIC ANALYSIS BASED ON THE QUANTIFIABLE FACTORS. TO HELP IN THESE SITUATIONS, A TECHNIQUE OR FRAMEWORK IS PRESENTED WHICH WOULD TREAT ALL PERTINENT FACTORS MORE RATIONALLY AND SYSTEMATICALLY. EXAMPLES ARE PRESENTED SHOWING THE RESULTS OF THE TECHNIQUE AT EACH INTERMEDIATE STEP. AN EXTENSION OF THE TECHNIQUE IS MADE TO CONSIDER A SYSTEM OF POSSIBLE PROJECTS AND THE OPTIMAL ALLOCATION OF AVAILABLE CAPITAL AMONG THEM. THIS EXTENSION RESULTS IN A PROBLEM WHICH MAY BE SOLVED BY INTEGER LINEAR PROGRAMMING TECHNIQUES. THE FORMULATION OF THIS LINEAR PROGRAM IS ALSO SHOWN. /AUTHOR/

• Record URL:
  http://onlinepubs.trb.org/Onlinepubs/hrr/1967/180/180-006.pdf
• Supplemental Notes:
  • Paper sponsored by Committee on Transportation System Evaluation and presented at the 46tn Annual Meeting. 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:
  • Jessiman, W A
  • Brand, D
  • Tumminia, A
  • Brussee, C R
• Publication Date: 1967

Media Info

• Media Type: Digital/other
• Features: Figures;
• Pagination: pp 71-80
• Monograph Title: Transportation system analysis and evaluation of alternate plans
• Serial:
  • Highway Research Record
  • Issue Number: 180
  • Publisher: Highway Research Board

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Benefits; Cost allocation; Decision making; Evaluation; Financial capital; Improvements; Linear programming; Optimization; Qualitative analysis; Transportation; Transportation planning
• Uncontrolled Terms: Transportation systems
• Old TRIS Terms: Allocations; Alternative system
• Subject Areas: Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 00240897
• Record Type: Publication
• Files: TRIS, TRB
• Created Date: Sep 5 1994 12:00AM