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THE ROLE OF ECONOMIC APPRAISAL IN HIGHWAY DESIGN

Matthew B. Parkinson

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Abstract

This paper discusses the role of economic appraisal in the trunk road planning process within the Department of Transport. The paper focuses on the role of cost-benefit analysis, in particular the department's computer program COBA 9. The paper has the following structure: (1) cost-benefit approach to highway investment decisions; (2) principles underlying the application of COBA 9 to trunk road planning; (3) example of the application of COBA 9 to highway design; (4) limitations of COBA and objections raised to it.

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What this paper is about

This paper discusses the role of economic appraisal in the trunk road planning process within the Department of Transport. The paper focuses on the role of cost-benefit analysis, in particular the department's computer program COBA 9. The paper has the following structure: (1) cost-benefit approach to highway investment decisions; (2) principles underlying the application of COBA 9 to trunk road planning; (3) example of the application of COBA 9 to highway design; (4) limitations of COBA and objections raised to it.

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Available abstract

This paper discusses the role of economic appraisal in the trunk road planning process within the Department of Transport. The paper focuses on the role of cost-benefit analysis, in particular the department's computer program COBA 9. The paper has the following structure: (1) cost-benefit approach to highway investment decisions; (2) principles underlying the application of COBA 9 to trunk road planning; (3) example of the application of COBA 9 to highway design; (4) limitations of COBA and objections raised to it.

Key concepts: Economic appraisal, Transport engineering, Investment (military), Process (computing), Project appraisal, Economic analysis, Transportation planning, Cost–benefit analysis

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