Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Improving the Practice of Cost Benefit Analysis in Transport
Author: Improving the Practice of Cost Benefit Analysis in Transport
Author: Organisation for Economic Co-operation and DevelopmentPublisher:
ISBN:
Category : Transportation
Languages : en
Pages : 18
Book Description
Cost-benefit analysis (CBA) is widely recognized to be helpful, even indispensible, for making good decisions on what transport projects to fund. It essentially aims to figure out which projects offer the best value for money, one of the core criteria for making decisions. However, the practical relevance of cost-benefit analysis does not always live up to its appeal in principle. One problem is that there is disagreement about what to include in both the costs and the benefits side of the analysis, so that value for money is not always a fully transparent concept. A second problem is that value for money is only a partial criterion for decision-making, leading to disagreement about the relative importance of the results from CBA compared to other inputs into the decision-making process. Discussions at the Roundtable aimed to shed light on these conceptual problems by analysing the practice of CBA and comparing approaches to it in different countries. In short the aim was to identify a checklist of items that should be included in a socially relevant cost-benefit analysis, i.e. analysis that can be produced in reasonable time and at reasonable cost but is good enough to help resolve trade-offs.
Improving the Practice of Cost Benefit Analysis in Transport
Author: Publisher:
ISBN:
Category :
Languages : en
Pages : 17
Book Description
Cost-benefit analysis (CBA) is widely recognized to be helpful, even indispensible, for making good decisions on what transport projects to fund. It essentially aims to figure out which projects offer the best value for money, one of the core criteria for making decisions. However, the practical relevance of cost-benefit analysis does not always live up to its appeal in principle. One problem is that there is disagreement about what to include in both the costs and the benefits side of the analysis, so that value for money is not always a fully transparent concept. A second problem is that value for money is only a partial criterion for decision-making, leading to disagreement about the relative importance of the results from CBA compared to other inputs into the decision-making process. Discussions at the Roundtable aimed to shed light on these conceptual problems by analysing the practice of CBA and comparing approaches to it in different countries. In short the aim was to identify a checklist of items that should be included in a socially relevant cost-benefit analysis, i.e. analysis that can be produced in reasonable time and at reasonable cost but is good enough to help resolve trade-offs.
ITF Round Tables
Author: Organisation for Economic Co-operation and DevelopmentPublisher:
ISBN: 9786613130914
Category : Transportation
Languages : en
Pages : 112
Book Description
OF DISCUSSIONS -- The Practice of Cost-Benefit Analysis in Transport: The Case of France, by Emile QUINET -- 1. Introduction -- 2. Origins of Changes in the Doctrine -- 3. Project Evaluation Guidance -- 4. Assessments of Recent Programmes and Projects -- 5. Overall Decision on Cost-Benefit Analysis vs. Multi-Criteria Analysis -- 6. Some Ideas for Improving Cost-Benefit Analysis -- 7. Conclusion -- The Practice of Cost-Benefit Analysis in the Transport Sector: A Mexican Perspective, by Vladimir RAMÍREZ SOBERANIS -- 1. Introduction -- 2. Institutional Framework (Stages of the Public Investment Process) -- 3. The Role of Cost-Benefit Analysis in the Decisionmaking Process -- 4. Key Elements of Cost-Benefit Analysis -- 5. Potential Development of Project Assessment Procedures -- 6. Conclusion -- Cost-Benefit Analysis in Transport: A UK Perspective, by Peter J. MACKIE -- 1. Introduction -- 2. The Role of Transport Appraisal -- 3. Transport CBA in the UK -- 4. Critiques of UK Transport Appraisal -- 5. Transport and the Economy -- 6. Concluding Thoughts -- List of Participants.
IMPROVING the Practice of Cost-benefit Analysis in Transport
Author: ITF Round Tables Improving the Practice of Transport Project Appraisal
Author: International Transport ForumPublisher: OECD Publishing
ISBN: 9282103080
Category :
Languages : en
Pages : 114
Book Description
This report examines the extent to which shortcomings in cost-benefit analysis for tranport projects can be addressed, focusing on equity and distributional impacts, agglomeration benefits and external costs. It also shows how best to present guidance on project selection to decision makers.
Transport Project Evaluation
Author: Elvira HaezendonckPublisher: Edward Elgar Publishing
ISBN: 1847208681
Category : Transportation
Languages : en
Pages : 239
Book Description
This timely book puts transport cost benefit analysis in a wider, institutional perspective, relating it in particular to decision making. The book will be of interest to practitioners, consultants and academics who are active in the evaluation of transport projects. Erik T. Verhoef, VU University Amsterdam, The Netherlands This is an important piece of work on project evaluation. An attractive feature is the balanced treatment of theory and application. The book provides very useful information on efforts of national governments in various countries to increase the quality of project evaluation studies by formulating guidelines for project evaluation. One of the strong points of the book is that it does not only address technical aspects of project evaluation tools, but also the institutional structures within which decisions are taken. Piet Rietveld, Vrije Universiteit and Tinbergen Institute, Amsterdam, The Netherlands This book revisits traditional evaluation methods, such as cost benefit analysis, to try and find a balance between the ever-increasing demand for transport, the search for sustainable mobility and green transport solutions, and the limited financial resources that governments are able to invest in transport infrastructure projects. In this respect, the effects of transport policy need to be measured and evaluated based on multiple criteria and the need to take into consideration a larger group of stakeholders and investors in transport projects. The book illustrates, methodologically and empirically, why and how the institutional and multi-actor environment impacts upon the analysis, evaluation and decision-making of transport projects in Europe. Including contributions from scholars with considerable expertise in the field, this book will be of great interest to consultants, policymakers and researchers.
The Practice of Cost Benefit Analysis in the Transport Sector
Author: Vladimir Ramírez SoberanisPublisher:
ISBN:
Category :
Languages : en
Pages : 20
Book Description
Mexico's public investment process is strengthened by an institutional framework that ensures that projects with a high social return are given preference. The Federal Law of Budget and Financial Responsibility establishes as prerequisite for federal investments the obligation to present a Cost-Benefit Analysis (CBA), and to get the Investment Unit approval. This paper describes the use of CBA for the social and economic evaluation of transport infrastructure in Mexico and is made from the point of view of the role of the Ministry of Finance's Investment Unit in the appraisal process.
Cost-benefit Analysis in Transport - a UK Perspective
Author: Peter J. MackiePublisher:
ISBN:
Category :
Languages : en
Pages : 25
Book Description
Economic appraisal of transport projects in the UK, if dated from the studies of Coburn, Beesley and Reynolds (1960) and Foster and Beesley (1963), is now celebrating its fiftieth birthday. It has always been a controversial tool, generating accusations of unacceptable principle, improper application, inadequate evidence base and bias. One early application was to the appraisal of the proposed third London Airport where a critic labelled the project appraisal as "nonsense on stilts" and the method was defended against accusations of being "bastard science and/or insidious poison in the body politick" (Self 1970, Williams, 1973). Since that time, appraisal has found itself at the centre of public disputes about the road planning system, the treatment of environmental impacts, the socalled "roads generate traffic" issue and the relationship between transport and the economy. The Government established a special independent committee, SACTRA, to advise it. The 1997 Government undertook a review which led to the so-called New Approach to Appraisal, and in 2009 revisited and refreshedʺ the NATA, (...).
Author: