THE CASH VALUE OF TRAFFIC CHANGES UPON THE ENVIRONMENT

Currently the most publicly debated issue in the assessment of highway investment is the extent to which operational benefits should be offset against environmental damage, although equally important is valuation of the environmental gain which may accrue from a well-chosen investment. Trading environmental and operational benefits and disbenefits is made more rational if they can be measured in equivalent units. The paper considers existing trade-off methods and examines the possibility of using conventional techniques of traffic modelling to achieve compatible measurement of operational and environmental effects. The proposal is made that a place has a value not only to its owners, but also to its visitors who pay through their travel costs for its use. Methods of establishing their perceived loss by pricing the place out of the visitors' market are set out, together with the application of the concept to particular schemes.(a) /TRRL/

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03066452
• Corporate Authors:

  Whitehall Technical Press Limited

  Wrotham Place
  Wrotham, Sevenoaks, Kent ME14 1PE,   England 
• Authors:
  • BRIDLE, R J
• Publication Date: 1977-6

Language

• English

Media Info

• Features: Figures; References;
• Pagination: p. 18-21
• Serial:
  • Highway Engineer
  • Volume: 24
  • Issue Number: 6
  • Publisher: Whitehall Press Limited
  • ISSN: 0306-6452

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Costs; Economics; Environment; Environmental impacts; Mathematical models; Sound; Tourism; Tourists; Traffic; Transportation; Travel; Travel budgets; Travel costs
• Uncontrolled Terms: Models
• ITRD Terms: 224: Cost; 226: Cost benefit analysis; 2455: Environment; 698: Journey; 6473: Mathematical model; 6748: Sound; 9143: Tourism
• Subject Areas: Economics; Operations and Traffic Management; Society; Transportation (General); I10: Economics and Administration; I71: Traffic Theory;

Filing Info

• Accession Number: 00163995
• Record Type: Publication
• Source Agency: Transport and Road Research Laboratory (TRRL)
• Report/Paper Numbers: Analytic
• Files: ITRD, TRIS
• Created Date: Dec 27 1977 12:00AM