Advancing Transportation Planning Through Innovation and Research BENEFIT COST ANALYSIS USING ACTIVITY-BASED MODELS

The purpose of this research is to develop practical methods and software tools that significantly enhance traditional benefit cost approaches to extend their application to address equity and the distribution of benefits across users; to incorporate more accurate person and context-specific values-of-time; and to attempt to implement innovative expected utility-based approaches using the activity based travel demand model systems used by major United States metropolitan planning organizations (MPOs). Ultimately, the project would demonstrate how the improved methods can support performance based planning in two regions using activity-based models to support long-range planning efforts.

Language

• English

Project

• Status: Active
• Funding: $259853
• Sponsor Organizations:

  Federal Highway Administration

  Office of Planning, Environment and Realty (HEP)
  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Project Managers:

  Natzke, Stefan

• Performing Organizations:

  Resource Systems Group Incorporated

  55 Rail Row
  White River Junction, VT  United States  05001
• Start Date: 20150515
• Expected Completion Date: 20160531
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Innovation; Long range planning; Metropolitan planning organizations; Transportation planning; Travel demand; Value of time
• Subject Areas: Highways; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 01575489
• Record Type: Research project
• Source Agency: Federal Highway Administration
• Files: RIP, USDOT
• Created Date: Sep 1 2015 3:35PM