INDOT Research Program Benefit Cost Analysis—Return on Investment for Projects Completed in FY 2020

To demonstrate the value of research and its implementation, the Governor’s Office requested an annual financial analysis of the Indiana Department of Transportation (INDOT) Research Program to determine the return on the research investment (ROI). The current financial analysis is for 11 research projects that completed in FY 2020. Analyses on previous year’s projects is necessary primarily due to the time it takes some project outcomes to be implemented, extending into the following year. Therefore, the FY 2020 analysis is completed in calendar 2021. The ROI analysis will supplement the annual IMPACT report by adding a more rigorous quantitative benefit cost analysis (BCA) to the Research Program. Previous financial analyses used the approach of calculating net present values of cash flows to determine a benefit cost ratio and this report uses the same approach. Additionally, an overall program rate of return (ROI) is reported and will be accumulated over time into a rolling 5-year average.

Record URL:
Record URL:
Corporate Authors:
Purdue University

Joint Transportation Research Program
West Lafayette, IN United States 47907-2051

Indiana Department of Transportation

100 N Senate Avenue
Indianapolis, IN United States 46204

Federal Highway Administration

1200 New Jersey Avenue, SE
Washington, DC United States 20590
Authors:
- McCullouch, Bob
Publication Date: 2021-12

Language

English

Media Info

Media Type: Digital/other
Features: Appendices; Figures; Photos; References; Tables;
Pagination: 45p

Subject/Index Terms

TRT Terms: Benefit cost analysis; Research projects; Return on investment
Identifier Terms: Indiana Department of Transportation
Subject Areas: Finance; Highways; Research;

Filing Info

Accession Number: 01833339
Record Type: Publication
Report/Paper Numbers: FHWA/IN/JTRP-2021/35
Contract Numbers: SPR-4225
Files: NTL, TRIS, ATRI, USDOT, STATEDOT
Created Date: Jan 21 2022 4:47PM