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A CRITERION DESIGNED TO AID HIGHWAY EXPENDITURE PROGRAMMING

Charles M Hummel

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Abstract

IN THIS ECONOMIC STUDY, A CRITERION IS DEVELOPED FOR HIGHWAY EXPENDITURE PROGRAMMING. SIX VARIABLES ARE RELATED TO USER UTILITY (1) TRAVEL TIME, (2) RISK OF ACCIDENT, (3) TRAFFIC VOLUME, (4) RISK OF UNAVAILABILITY FOR USE, (5) COMFORT AND BEAUTY, AND (6) VEHICLE OPERATING COST. BENEFIT COST RATIOS ARE DEVELOPED. A COMPLETE APPLICATION OF THE PROPOSED METHOD WOULD GIVE A COMPLETE RANKING OF BENEFIT-COST RATIOS FOR A FULL LIST OF PROPOSED PROJECTS A HIGHWAY DEPARTMENT MIGHT WANT TO PROCESS.

About this research paper

What this paper is about

IN THIS ECONOMIC STUDY, A CRITERION IS DEVELOPED FOR HIGHWAY EXPENDITURE PROGRAMMING. SIX VARIABLES ARE RELATED TO USER UTILITY (1) TRAVEL TIME, (2) RISK OF ACCIDENT, (3) TRAFFIC VOLUME, (4) RISK OF UNAVAILABILITY FOR USE, (5) COMFORT AND BEAUTY, AND (6) VEHICLE OPERATING COST. BENEFIT COST RATIOS ARE DEVELOPED. A COMPLETE APPLICATION OF THE PROPOSED METHOD WOULD GIVE A COMPLETE RANKING OF BENEFIT-COST RATIOS FOR A FULL LIST OF PROPOSED PROJECTS A HIGHWAY DEPARTMENT MIGHT WANT TO PROCESS.

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Method / approach

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Available abstract

IN THIS ECONOMIC STUDY, A CRITERION IS DEVELOPED FOR HIGHWAY EXPENDITURE PROGRAMMING. SIX VARIABLES ARE RELATED TO USER UTILITY (1) TRAVEL TIME, (2) RISK OF ACCIDENT, (3) TRAFFIC VOLUME, (4) RISK OF UNAVAILABILITY FOR USE, (5) COMFORT AND BEAUTY, AND (6) VEHICLE OPERATING COST. BENEFIT COST RATIOS ARE DEVELOPED. A COMPLETE APPLICATION OF THE PROPOSED METHOD WOULD GIVE A COMPLETE RANKING OF BENEFIT-COST RATIOS FOR A FULL LIST OF PROPOSED PROJECTS A HIGHWAY DEPARTMENT MIGHT WANT TO PROCESS.

Key concepts: Unavailability, Transport engineering, Ranking (information retrieval), Traffic volume, Computer science, Engineering, Operations research, Reliability engineering

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