COSTS OF HIGHWAYS TO THE PUBLIC AND USES OF COST COMPUTATIONS

SINCE THE WORD "COST," IF USED WITHOUT REFERENCE TO THE SPECIFIC RELATION INTENDED MAY BE INDEFINITE, THE COMMITTEE DEFINES THREE COMBINATIONS OF ELEMENTS INVOLVED IN HIGHWAY COST ANALYSIS; ANNUAL ECONOMIC COST, ANNUAL DISBURSEMENT AND ANNUAL REVENUE FROM TAXES AND FEES. COMPUTATIONS OF HIGHWAY COSTS ARE NEEDED FOR: ECONOMIC EVALUATION OF IMPROVEMENTS, FOR DETERMINATION OF NEEDED ANNUAL INCOME AND TAX RATES AND FOR AID IN COMPARING HIGHWAY TRANSPORTATION COSTS WITH THOSE OF OTHER FORMS OF TRANSPORTATION. FOR ECONOMIC EVALUATIONS, ANNUAL ECONOMIC COSTS ARE APPROPRIATE. FOR DETERMINATION OF NEEDED REVENUE AND TAX RATES ANTICIPATED ANNUAL DISBURSEMENT IS THE CONTROLLING FACTOR. FOR AID IN COMPARING COSTS OF DIFFERENT TRANSPORTATION SYSTEMS, COMPUTATIONS OF ANNUAL ECONOMIC COST ARE PROPER FOR ONLY THOSE PARTS OF THE PUBLIC OR PRIVATE INVESTMENT CHARGEABLE TO PURPOSES OF TRANSPORTATION. /AUTHOR/

  • Supplemental Notes:
    • Vol 24, pp 1-3; part of Report of Committee on Highway Costs
  • Authors:
    • Crum, R W
  • Publication Date: 1945

Media Info

  • Monograph Title: Proceedings of the Twenty-Fourth Annual Meeting of the Highway Research Board (Unassembled)
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201029
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Sep 13 1971 12:00AM