INFLATION AND HIGHWAY ECONOMY STUDIES /AND DISCUSSION/

THE NATURE OF INFLATION AND OTHER PRICE CHANGES IS INVESTIGATED TO DETERMINE PROCEDURES FOR TREATING THEM IN HIGHWAY ECONOMY STUDIES. LONG-AND SHORT-TERM TRENDS OF GENERAL INFLATION AND HIGHWAY COSTS ARE CALCULATED TO AID IN FUTURE PREDICTION. CURRENT PRICES SHOULD BE USED FOR ESTIMATES OF FUTURE COSTS AND BENEFITS BECAUSE IT IS DIFFICULT TO PREDICT INFLATION OR DIFFERENTIAL HIGHWAY COST TRENDS. IN INSTANCES OF GREAT CERTAINTY OF DIFFERENTIAL PRICE TRENDS, THEY SHOULD BE USED, BUT ONLY IN A SENSITIVITY ANALYSIS. A DISCUSSION IS INCLUDED. /AUTHOR/

Media Info

  • Media Type: Print
  • Features: Figures; References; Tables;
  • Pagination: pp 20-37
  • Monograph Title: Engineering economy
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201125
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Nov 7 1994 12:00AM