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Promet - Traffic&Transportation journal

Accelerating Discoveries in Traffic Science

Accelerating Discoveries in Traffic Science

PUBLISHED
02.03.2015
LICENSE
Copyright (c) 2024 Hassan Ziari, Hamid Behbahani, Amir Ali Amini

A Framework for Economic Evaluation of Highway Development Projects Based on Network-Level Life Cycle Cost Analysis

Authors:

Hassan Ziari
Iran University of Science and Technology

Hamid Behbahani
Iran University of Science and Technology

Amir Ali Amini
School of Civil Engineering, Iran University of Science and Technology

Keywords:life cycle cost, network-level, project-level, economic evaluation,

Abstract

For economic evaluation of a highway development project, multiple criteria must be considered on a timeframe longer than the project implementation interval and a geographical area larger than the project zone. In this study, a framework is proposed based on the Network-Level Life Cycle Cost Analysis (NL-LCCA) to assess the effect of highway development projects on mobility, safety, economy, environment and other monetizable criteria. In this approach, project impacts are estimated within physical boundaries of highway network over the network life cycle. This framework can be used as a decision-making support for evaluation and ranking of pre-defined development projects, proposing new cost-effective development projects, assessment of cost efficiency of existing highway network and budget allocation optimization.

References

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How to Cite
Ziari, H. (et al.) 2015. A Framework for Economic Evaluation of Highway Development Projects Based on Network-Level Life Cycle Cost Analysis. Traffic&Transportation Journal. 27, 1 (Mar. 2015), 59-68. DOI: https://doi.org/10.7307/ptt.v27i1.1553.

SPECIAL ISSUE IS OUT

Guest Editor: Eleonora Papadimitriou, PhD

Editors: Marko Matulin, PhD, Dario Babić, PhD, Marko Ševrović, PhD


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