The paper describes the conventional cost-benefit analysis as applied to urban transport project appraisal and focuses on areas where the existence of limitations have caused this method of analysis to be criticised. It is concluded that cost-benefit analysis is the soundest theoretical urban transport investment evaluation procedure, since it enables the analyst to compare a wide variety of effects based on their resource cost which is determined as far as practical, from the market place. However, to overcome recent criticism, this method of analysis should be supplemented with information concerning those inputs not included or badly treated in conventional cost-benefit analysis. The supplementary information required for a particular project will depend upon the specific circumstances of the investment, and could include such aspects as a planning balance sheet, goals achievement matrix, cost-effectiveness analysis, financial analysis or levels of service indices. The application of the supplementary analysis indicated above would give a satisfactory appraisal of an urban transport improvement program. (TRRL)

Media Info

  • Features: Figures; References;
  • Pagination: p. 137-141

Subject/Index Terms

Filing Info

  • Accession Number: 00309134
  • Record Type: Publication
  • Source Agency: ARRB
  • Report/Paper Numbers: Conf Paper
  • Files: ITRD, TRIS, ATRI
  • Created Date: Jun 9 1981 12:00AM