The evaluation of transportation investment projects:
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY [u.a.]
Routledge
2009
|
| Series: | Routledge advances in management and business studies
42 |
| Subjects: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017761432&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Physical Description: | XX, 404 S. graph. Darst. |
| ISBN: | 9780415777155 0415777151 |
Staff View
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| 490 | 1 | |a Routledge advances in management and business studies |v 42 | |
| 650 | 7 | |a Infrastrukturinvestition |2 stw | |
| 650 | 7 | |a Projektbewertung |2 stw | |
| 650 | 7 | |a Theorie |2 stw | |
| 650 | 7 | |a Verkehrsinfrastruktur |2 stw | |
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Record in the Search Index
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| DE-BY-TUM_media_number | 040090463197 |
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| adam_text | Titel: The evaluation of transportation investment projects
Autor: Berechman, Joseph
Jahr: 2009
Contents
Figures xi
Tables xiii
Preface xvii
Acknowledgments xxi
1 Objectives, Scope, and Structure 1
2 The Policy Framework of Project Evaluation 9
3 Welfare Foundations of Project Appraisal 27
4 Transportation Benefits from Infrastructure Improvements 48
5 Measuring the Costs of Transportation Investment Projects 75
6 Methods of Project Cost-Benefit Analysis 91
7 Traffic Flow, Congestion, and Infrastructure Investment 119
8 Measurement of Benefits from Transportation Improvements:
Computational Issues 140
9 Risk and Uncertainty in Transportation Project Evaluation 179
10 Financing Transportation Investment Projects 216
11 Transportation Improvements and Equity 237
12 Environmental and Safety Externalities 249
13 Transportation Investments and Economic Development 269
x Contents
14 Alternative Methods of Project Selection 306
15 Why Are Inferior Transportation Investment Projects Selected? 327
Notes 343
References 367
Author Index 391
Subject Index 399
Figures
1.1 Structure of the book. 6
2.1 Critical components of transportation investment evaluation. 11
2.2 Schematic framework of a normative transportation project
evaluation process. 12
3.1 Change in consumer surplus from a transportation
improvement. 31
3.2 Measure of producer surplus. 35
3.3 Measure of producer surplus with capital costs included. 36
3.4 Change in producer surplus. 37
3.5 User equilibrium vs. social equilibrium. 39
3.6 Consumer and producer surplus under price regulation. 44
5.1 Welfare loss from government market power. 84
5.2 Welfare implications from government purchasing power. 85
6.1 IRR of two hypothetical investments. 105
7.1 Sources of congestion, national summary (US). 121
7.2 Total hours of travel time in New Jersey Turnpike over 12
consecutive hours. 123
7.3 Private average costs and full marginal social costs functions. 126
7.4 Capacity constrained continuous travel supply functions. 129
7.5 Travel supply function with lumpy capacity expansion. 131
7.6 Structure of a bottleneck. 132
7.7 Congestion costs from a queue. 133
7.8 Comparison of two congestion models. 134
xii Figures
8.1 Change in equilibrium travel cost and volume from capacity
expansion. 143
8.2 Volume and price changes with elastic and inelastic demand. 149
8.3 Measurement of benefits from shifts in supply and induced
fixed demand. 154
8.4 The transportation planning process. 158
8.A1 Fixed demand with linear volume-capacity functions. 176
8.A2 Down-Sloping linear demand function with linear volume-
capacity functions. 177
9.1 COR histogram of VIHP database. 195
9.2 Structure of the decision tree. 201
10.1 Funding for Canada s urban transit: total revenue by source
(2003). 221
10.2 Revenue sources for highways in the US (2001). 228
13.1 Percent change in gross state output as a function of highway
capital accumulation. 278
13.2 Rate of return on highway capital on the state, county and
municipality level (1990-2000). 279
13.3 A framework for assessing a transportation project s economic
development impacts. 287
13.4 Real estate development and tax revenues flowing from
transportation investments. 296
13.5 Transportation and economic development benefits as percent
of capital costs by project. 302
14.1 Proposed project selection scheme. 323
15.1 Tel Aviv proposed light rail network; Red Line is under
construction. 330
15.2 The NY Second Avenue Line. 333
15.3 The Vancouver-Canada (RAV) Line. 335
Tables
2.1 New York Regional Transportation Decision Makers 19
2.2 Regional Agencies Affecting Transportation Investment in New
York City 19
3.1 Relationship between Private and Social Marginal Costs 42
4.1 Operating Costs (in 2000 dollar value, net of tax) 50
4.2 Survey of Studies of Value of Time Savings 58
4.3 Value of Time (VOT) Relative to GDP per Capita in Different
Countries 60
4.4 US VOT Savings as a Percentage of Hourly Wage Rate (2000) 61
4.5 US Recommended VOT Savings $/Average Hour of Work
(2000 Prices) 62
4.6 French VOT Savings by Trip Type (1998 prices) 62
4.7 Canada s Range of VOT Estimates for Transit (Can$/Hour) 65
4.8 Fuel Price Demand Elasticities 67
4.9 Bus Fare Elasticities (US data) 68
4.10 European Car Travel Elasticities 68
4.11 Income, Fare, and VKM Transit Elasticities 69
5.1 Distribution of Roadway Expenditures (US Data) 76
5.2 Roadway Project Costs (US$1000 per lane-mile, 2000) 77
5.3 Highway Maintenance and Operating Cost Items 80
5.4 Rail Maintenance and Operating Cost Items 81
6.1 Schematic Distribution of Costs and Benefits over the Project s
Life Span 93
xiv Tables
6.2 Jerusalem Light Rail: Results of a COBA (in millions of NIS) 109
6.3 Ranking Projects under Budgetary Constraints 112
6.4 Costs and Benefits Compared to Baseline Year, 2020 113
A6.1 Components and Results of Cost-of-Capital Computations 116
C6.1 Evaluation Methods and Discount Rates in Various Countries
(1995) 118
7.1 A Sample of a Drive-Alone Commute Trip 123
7.2 Average Commute Length, Time, and Speed, US 1983-2001,
MSA Data 124
7.3 Marginal Highway Congestion Costs (Cents per Vehicle-Mile) 127
8.A1 Initial Values of Parameters 175
8.A2 Results from Simulation (with Linear Volume-Capacity
Functions and Fixed Demand; a^ = a2 = 1; /? = 0
(i.e., V(t) = Vo)) 176
8.A3 Results from Simulation (ctj = a2 = 1, /? = 0.3,
(i.e., V(t) = V0-p-t)) 177
9.1 Cost Overruns from Various Studies 186
9.2 Survey of Risk Perceptions 188
9.3 Hypothetical Scenario Analysis of a Rail Project 190
9.4 Goodness-of-Fit Statistics (for all VIHP projects) 196
9.5 COR Probabilities Estimated from the VIHP Database
(Roads Highways) 197
9.6 Hypothetical NP Value of Benefits and Costs for Four Design
Alternatives 202
9.7 Expected NPV and Utility NPV Results 203
10.1 Earmarked Transportation Funding: Source versus Type of
Finance 218
10.2 Percent Distribution of US State and Local Transportation
Revenues 219
10.3 MTA Capital Funding Sources by Plan, 1982-2004 220
10.4 MTA Debt Outstanding (SMillions), 2006 229
10.5 Estimates of Marginal Costs of Public Funds in Canada, the
UK, and the US 232
12.1 Externality Average Costs in 17 West European Countries 258
Tables xv
12.2 Pollutants in Tons per Millions of Passenger Miles 259
12.3 External Marginal Costs by Mode (€ per 1,000 PKM or TKM
and VKM) 262
12.4 FMC by Categories for Average Trip Distance of 9-15 miles
(in $US) 264
13.1 Survey of Output Elasticity Results from Various Macro-Level
Studies 275
13.2 Output Elasticity of Highway Capital (year 2000) 278
13.3 Facility Consolidation Cost Savings: Medical and Surgical
Products 292
14.1 Criteria and Weights (W) 311
14.2 Other Transportation Benefits Score (Q) 312
14.3 Other Transportation Benefits Criterion—
Normalized Score (S) 312
14.4 Total Normalized Scores 313
14.5 The Weighted Normalized Score Matrix (T) 313
14.6 Public Transit Performance Measures 317
14.7 Criteria and Weights 319
14.8 Summary of Scores with Different Weights 320
15.1 Comparison of Three Mega-Projects 338
|
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| id | DE-604.BV035707615 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T13:41:09Z |
| institution | BVB |
| isbn | 9780415777155 0415777151 |
| language | English |
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| physical | XX, 404 S. graph. Darst. |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Routledge |
| record_format | marc |
| series | Routledge advances in management and business studies |
| series2 | Routledge advances in management and business studies |
| spellingShingle | Berechman, Joseph 1942- The evaluation of transportation investment projects Routledge advances in management and business studies Infrastrukturinvestition stw Projektbewertung stw Theorie stw Verkehrsinfrastruktur stw Construction projects Evaluation Transportation Finance Investitionsplanung (DE-588)4114044-8 gnd Verkehrswirtschaft (DE-588)4062992-2 gnd Evaluation (DE-588)4071034-8 gnd |
| subject_GND | (DE-588)4114044-8 (DE-588)4062992-2 (DE-588)4071034-8 |
| title | The evaluation of transportation investment projects |
| title_auth | The evaluation of transportation investment projects |
| title_exact_search | The evaluation of transportation investment projects |
| title_full | The evaluation of transportation investment projects Joseph Berechman |
| title_fullStr | The evaluation of transportation investment projects Joseph Berechman |
| title_full_unstemmed | The evaluation of transportation investment projects Joseph Berechman |
| title_short | The evaluation of transportation investment projects |
| title_sort | the evaluation of transportation investment projects |
| topic | Infrastrukturinvestition stw Projektbewertung stw Theorie stw Verkehrsinfrastruktur stw Construction projects Evaluation Transportation Finance Investitionsplanung (DE-588)4114044-8 gnd Verkehrswirtschaft (DE-588)4062992-2 gnd Evaluation (DE-588)4071034-8 gnd |
| topic_facet | Infrastrukturinvestition Projektbewertung Theorie Verkehrsinfrastruktur Construction projects Evaluation Transportation Finance Investitionsplanung Verkehrswirtschaft Evaluation |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017761432&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV011193797 |
| work_keys_str_mv | AT berechmanjoseph theevaluationoftransportationinvestmentprojects |
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