1962•Highway Research RecordRequires access
TOTAL ANNUAL COST ANALYSIS
J A Head, R C Blensly
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Abstract
FOR MANY YEARS, OREGON HAS USED THE BENEFIT QUOTIENT AS A TOOL FOR ADMINISTRATIVE DECISIONS IN SELECTING THE BEST OF ALTERNATE ROUTE LOCATIONS. THIS TOOL, HOWEVER, HAS SOME DISADVANTAGES WHICH PROHIBIT ITS USE IN ALL AREAS WHERE AN ECONOMIC TOOL IS DESIRABLE. OVER THE COURSE OF YEARS, CONSIDERABLE THOUGHT HAVE BEEN GIVEN TO THIS PROBLEM, A REVIEW OF ALL METHODS PROPOSED INDICATES THAT THE CONCEPT OF MINIMUM ANNUAL COST WOULD HAVE THE MOST UNIVERSAL APPLICATION TO SATISFY THE NEEDS OF THE OREGON STATE HIGHWAY DEPARTMENT. THE USE OF A MINIMUM ANNUAL COST FOR ECONOMIC ANALYSIS DOES NOT LIMIT ITSELF TO THE NORMAL ANALYSIS OF ALTERNATE ROUTE LOCATIONS. THIS PAPER DISCUSSES ITS APPLICATION TO INTERCHANGE JUSTIFICATION AS IT RELATES TO LOCATION AND ALTERNATE DESIGN. /AUTHOR/