A Framework for Economic Evaluation of Highway Development Projects Based on Network-Level Life Cycle Cost Analysis

For economic evaluation of a highway development project, multiple criteria must be considered on a timeframe longer than the project implementation interval and a geographical area larger than the project zone. In this study, a framework is proposed based on the Network-Level Life Cycle Cost Analysis (NL-LCCA) to assess the effect of highway development projects on mobility, safety, economy, environment and other monetizable criteria. In this approach, project impacts are estimated within physical boundaries of highway network over the network life cycle. This framework can be used as a decision-making support for evaluation and ranking of pre-defined development projects, proposing new cost-effective development projects, assessment of cost efficiency of existing highway network and budget allocation optimization.

• Record URL:
  https://doi.org/10.7307/ptt.v27i1.1553
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03535320
• Supplemental Notes:
  • © 2015 Ziari, H. et al.
• Authors:
  • Ziari, Hassan
  • Behbahani, Hamid
  • Amini, Amir Ali
• Publication Date: 2015

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References; Tables;
• Pagination: pp 59-68
• Serial:
  • PROMET-Traffic & Transportation
  • Volume: 27
  • Issue Number: 1
  • Publisher: University of Zagreb
  • ISSN: 0353-5320
  • EISSN: 1848-4069
  • Serial URL: https://traffic.fpz.hr
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Construction projects; Decision making; Economic analysis; Life cycle costing; Programming (Planning)
• Subject Areas: Administration and Management; Construction; Economics; Highways; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01562570
• Record Type: Publication
• Files: TRIS
• Created Date: Apr 28 2015 2:10PM