INVESTMENT EVALUATION MODEL FOR MULTIMODAL TRANSPORT CORRIDORS

A method of economic evaluation of centrally focused multimodal urban transport corridors is presented that is based on certain production theory principles. Production functions are developed in terms of average door-to-door travel velocity in a corridor as a function of commuter-rail and expressway-facility inputs. Cost data are used to establish the optimum combinations of transport mode inputs for various travel speeds. The information used to develop the relationships was obtained in the Toronto region. The use of the techniques described in the paper allows the technical and economic characteristics of the modes to be examined in a quasi-continuous way, which allows a broad range of potential modal combinations to be evaluated. This is in contrast to the normal economic evaluation approach, which chooses from among a set of mutually exclusive, mode-specific alternatives that may not include the optimal alternative. The framework allows the examination of a range of policy variables such as parking charge changes in the central business district and the effect of dial-a-bus as a residential feeder mode.

Media Info

  • Media Type: Print
  • Features: Figures; References; Tables;
  • Pagination: pp 26-34
  • Monograph Title: Application of economic analysis to transportation problems
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00129478
  • Record Type: Publication
  • ISBN: 0309024560
  • Files: TRIS, TRB
  • Created Date: Mar 10 1981 12:00AM