SAFETY EXPENDITURE AND ACHIEVABLE BENEFITS
This project required development of macro level procedures for allocating funds across retrofit safety programs. The procedures would be used at a capital planning stage to determine how much of a given budget should be allocated to each retrofit to obtain the maximum possible benefits from the expenditures. Current priorization methods are reviewed, and the results reveal that current procedures are not fully suitable to the decision processes used by the Ontario Ministry of Transport. The report also describes the theoretical development of two complementary prioritization procedures - the net marginal benefit method and the multi-criteria method - and provides illustrative applications.
- This project was carried out under Ontario Joint Transportation Research Project Number 90052.
Ontario Ministry of TransportationResearch and Development Branch, 1201 Wilson Avenue
Downsview, Ontario Canada M3M 1J8
- Persaud, B N
- Kazakov, A
- Cook, W D
- Publication Date: 1994-10
- Features: Appendices; Figures; References; Tables;
- Pagination: 53 p.
- TRT Terms: Benefit cost analysis; Benefits; Decision making; Expenditures; Highway safety; Retrofitting; Safety programs; Strategic planning
- Uncontrolled Terms: Fund allocations
- Subject Areas: Finance; Highways; Safety and Human Factors; I10: Economics and Administration;
- Accession Number: 00723604
- Record Type: Publication
- Report/Paper Numbers: ECN-92-01
- Files: TRIS
- Created Date: Jul 30 1996 12:00AM