Transportation Project Evaluation Methods/Approaches

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

Abstract

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Project evaluation methods, Transport projects, Social cost benefit analysis, Multi-criteria analysis, and Social welfare analysis.
• Subjects: H - Public Economics > H4 - Publicly Provided Goods > H43 - Project Evaluation ; Social Discount Rate; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R42 - Government and Private Investment Analysis ; Road Maintenance ; Transportation Planning; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R5 - Regional Government Analysis > R58 - Regional Development Planning and Policy

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