Munich Personal RePEc Archive

Transportation Project Evaluation Methods/Approaches

M. Rouhani, Omid (2019): Transportation Project Evaluation Methods/Approaches.

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In this paper, I briefly review the key methods to evaluate transportation projects. These methods are: Financial analysis; Cost benefit (economic analysis); Multi-criteria analysis; Cost-effectiveness analysis; Social welfare analysis; and Risk analysis (Monte Carlo simulation). The importance of understanding these methods lies in the fact that transportation projects offer huge social benefits and costs; some are impossible or very complex to measure in monetary terms.

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