Demonstrating the benefit of network operations activities

The benefits and processes for evaluating economic outcomes of standard transport interventions are well recognised and generally consist of infrastructure improvements, intersection treatments, public transport schemes, safety improvements etc. Operations activities such as network optimisation, ITS system operation, traffic management, events and traveller information are generally accepted to be beneficial. Compared to other interventions, these activities generally require significantly lower investment and therefore industry practices and views are that any benefits are likely to return high value-for-money outcomes. Historically there has been limited requirement in New Zealand to carry out in-depth economic assessments of operations activities. The methodologies and approaches for carrying out benefit appraisal of operation activities are not well established. In line with the NZ Transport Agency business case approach, operations activities need to be considered as part of the potential lifecycle of transport solutions and evaluated alongside, or as part of, the main investment solution options. Parties involved in the implementation of operations, such as the Transport Operations Centres, also have a need to consider the economic impacts, benefits, and balances as part of their day-to-day tasks and processes. The key purpose of this research is to identify economic approaches, evaluation methodologies, comparison with standard interventions, and develop a feasible framework for the economic assessment of these activities.

• Record URL:
  http://atrf.info/papers/2016/index.aspx
• Authors:
  • Wilmshurst, B
  • Ross, T
• Conference:
  • Australasian Transport Research Forum (ATRF), 38th, 2016, Melbourne, Victoria, Australia
• Publication Date: 2016-11

Language

• English

Media Info

• Pagination: 16p
• Monograph Title: 38th Australasian Transport Research Forum (ATRF 2016), Melbourne, 16th - 18th November 2016

Subject/Index Terms

• TRT Terms: Administration; Economic analysis; Economic efficiency; Economics; Financing; Highway traffic control; Management; Transportation operations
• Uncontrolled Terms: Efficiency
• Geographic Terms: New Zealand
• ATRI Terms: Economic analysis; Economic efficiency; Traffic management; Transport economics; Transport funding; Transport management; Transport network
• ITRD Terms: 263: Economics of transport; 1154: Network (transport)
• Subject Areas: Administration and Management; Economics; I10: Economics and Administration;

Filing Info

• Accession Number: 01627409
• Record Type: Publication
• Source Agency: ARRB
• Files: ITRD, ATRI
• Created Date: Feb 27 2017 10:06AM