Improving economic evaluation of urban transport projects in Australia.

Author(s)
Bray, D.
Year
Abstract

This paper was prompted by observation of the use of data from computerised integrated travel demand models in the evaluation of urban transport projects Two principal issues emerge. The first relates to matrices used in travel demand models. The second key issue is the measurement of traveller benefits. Finally, this paper raises several other issues related to the evaluation of urban transport projects, in particular the unit of account used in valuing benefits, disaggregation of benefits, quality of valuation data, definition of the Base Case, and sensitivity testing. The objective of this paper is not to set out recommendations for future practice, though an implication that emerges is that use of variable trip matrices should be the default methodology for demand forecasting of major urban transport projects and fixed trip matrices should be used only when inelastic demand is a realistic condition. Rather, it notes some key historic literature that remains pertinent to current transport planning and evaluation practice. (a) For the covering entry of this conference, please see ITRD abstract no. E213716.

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Publication

Library number
C 36676 (In: C 36645 CD-ROM) /10 / ITRD E213770
Source

In: ATRF05 : conference proceedings 28th Australasian Transport Research Forum, Sydney, Australia, 28-30 September 2005, 15 p.

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