A Case Study Application of a Computerized Full-cost Analysis Model for Evaluating Urban Passenger Transportation PDF Download

Author: Michael T. Martello
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 30

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Book Description
Transportation improvement alternatives on the US 59 Southwest Freeway corridor are evaluated from the full-cost, life-cycle perspective for the Houston/Galveston Area Council (HGAC). The alternatives involve facility improvements as well as vehicle occupancy improvements. Findings suggest that the current facility will not be able to service the projected peak-hour traffic demand; and after running MODECOST - a computer model based on the full-cost analysis concept, developed by the authors - the results showed that travelers bore a significant amount of external costs, including congestion costs and air pollution costs. The annual life-cycle cost savings from the reduction of external costs and user/agency costs can more than offset the cost of initial investment for expansion of the current facility. This case study shows that in many instances, external costs and user/agency costs are more relevant than the initial capital investment in the facility. Expanding the current facility to add general purpose lanes or High Occupancy Vehicle (HOV) lanes to accommodate ridesharing and special transit service reduces the external costs and user/agency costs, which in turn reduces the system life-cycle costs of the facility.