VALUE OF AUTOMOBILE TRANSIT TIME IN HIGHWAY PLANNING
ECONOMIC ANALYSIS OF PROPOSALS FOR HIGHWAY PROJECTS NECESSITATES ASSIGNING A DOLLAR VALUE TO THE TRANSIT TIME OF PRIVATE AUTOMOBILES. THE CURRENT APPROACH IS TO USE A PRESCRIBED DOLLAR FIGURE, SUCH AS $1.35 PER AUTOMOBILE-HOUR SUGGESTED BY THE AASHO. THIS PAPAER RESTS ON THE PREMISE THAT THERE IS NO SINGLE DOLLAR FOR TRANSIT TIME OF PRIVATE AUTOMOBILES WHICH CAN BE USED ALL OVER THE COUNTRY. FOR MOST USUAL APPLICATIONS IT IS INAPPROPRIATE TO BEGIN A PROBLEM WITH A PRESCRIBED DOLLAR FIGURE, THEREFORE THE NEED IS ESTABLISHED FOR A FLEXIBLE TECHNIQUE WHICH CAN BE USED IN DIFFERENT SITUATIONS FOR ASSIGNING AN APPROPRIATE VALUE. FINALLY, THE PAPER SHOWS HOW THE LOCAL CONCEPT OF SATISFACTORY HIGHWAY CONDITIONS CAN BE USED FOR ASSIGNING AN APPROPRIATE DOLLAR VALUE TO TRANSIT TIME. THE TECHNIQUE'S SUPERIORITY OVER THE CURRENT APPROACH LIES IN THE FACT THAT IT PROVIDES FOR SOME VALIDITY TESTS FOR JUDGMENT USED IN THE SELECTION OF SATISFACTORY HIGHWAY CONDITIONS. /AUTHOR/
- Record URL:
-
Supplemental Notes:
- Vol 37, pp 58-71, 5 FIG, 1 TAB, 13 REF, 1 APP. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
-
Authors:
- Vaswani, R
-
Discussers:
- St Clair, G P
- Publication Date: 1958
Media Info
- Media Type: Digital/other
- Monograph Title: Proceedings of the Thirty-Seventh Annual Meeting of the Highway Research Board, Washington, D.C., January 6-10, 1958
-
Serial:
- Highway Research Board Proceedings
- Volume: 37
- Publisher: Highway Research Board
Subject/Index Terms
- TRT Terms: Automobiles; Present value; Private transportation; Time; Travel time
- Uncontrolled Terms: Value
- Subject Areas: Economics; Highways; Operations and Traffic Management; Society;
Filing Info
- Accession Number: 00201984
- Record Type: Publication
- Files: TRIS, TRB
- Created Date: Oct 3 1971 12:00AM