APPLICATION OF THE HIGHWAY INVESTMENT ANALYSIS PACKAGE
J H Batchelder, Richard A. Lange, Thomas Rodes, Lance A Neumann
Abstract
J H Batchelder, Richard A. Lange, Thomas Rodes, Lance A Neumann
Abstract
The Highway Investment Analysis Package is a computerized benefit/cost and cost-effectiveness model developed by the Federal Highway Administration to aid state, regional, and local governments in making the best use of limited highway funds. During the past year, a project evaluation and programming study has been conducted by the Wisconsin Department of Transportation and a team of consultants to improve the department's evaluation and program development capabilities. As part of this study, the Highway Investment Analysis Package programs have been installed in Wisconsin and used in two major analyses. The applications and the resulting evaluation of the package for inclusion in the improved programming procedure are the topic of this paper. The Highway Investment Analysis Package programs were found to be extremely useful in the efficient estimate and display of many of the consequences of alternative highway improvements and investment policies. /Author/
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The Highway Investment Analysis Package is a computerized benefit/cost and cost-effectiveness model developed by the Federal Highway Administration to aid state, regional, and local governments in making the best use of limited highway funds. During the past year, a project evaluation and programming study has been conducted by the Wisconsin Department of Transportation and a team of consultants to improve the department's evaluation and program development capabilities. As part of this study, the Highway Investment Analysis Package programs have been installed in Wisconsin and used in two major analyses. The applications and the resulting evaluation of the package for inclusion in the improved programming procedure are the topic of this paper. The Highway Investment Analysis Package programs were found to be extremely useful in the efficient estimate and display of many of the consequences of alternative highway improvements and investment policies. /Author/
Key concepts: Investment (military), Transport engineering, Program evaluation, Investment analysis, Cost–benefit analysis, Engineering, Computer science, Business