HIGHWAY ENGINEERING ECONOMY ANALYSIS

A BRIEF HISTORY IS PRESENTED OF THE ANALYSIS OF THE ECONOMY OF HIGHWAY IMPROVEMENTS. THE FOLLOWING BASIC INPUT INFORMATION NEEDS ARE DISCUSSED: TRAFFIC PERFORMANCE, MOTOR VEHICLE RUNNING COST, COST OF TRAFFIC ACCIDENTS, SYSTEM DATA, THE VALUE OF TRAVEL TIME, AND RELATIONSHIP OF ROAD USER CONSEQUENCES TO NONUSER CONSEQUENCES. THE STATE OF HIGHWAY ECONOMIC ANALYSIS IS SUMMARIZED FROM TWO STANDPOINTS: (1) THE NEED FOR ADDED MEANINGFUL DATA TO FILL THE GAPS IN EXISTING KNOWLEDGE, AND (2) THE NEED FOR MORE ADVANCED APPROACHES TO ANALYSIS. THE DISCUSSION EMPHASIZES THAT THE ENGINEERING ECONOMY ASPECT SHOULD BE KEPT SEPARATE FROM THE ECONOMIC AND SOCIAL ASPECTS. THIS IS BECAUSE PRIVATE INTEREST, LOCAL INTEREST, COMMUNITY INTEREST, AND NATIONAL OR STATE INTERESTS ARE NOT ALL COMPATIBLE BECAUSE THEY VALUE CERTAIN CONCEPTS OR CERTAIN GOALS DIFFERENTLY.

Media Info

  • Media Type: Print
  • Features: References;
  • Pagination: pp 1-6
  • Monograph Title: Highway engineering economy
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201802
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Jul 21 1970 12:00AM