Cost benefit analysis plays a central role in planning and investment decisions related to transportation. Yet this process is often difficult to control and check by an outsider. We propose here a new engineering-economic based tool, MOLINO-II, to perform cost benefit analysis of transport projects and regulations in a network and multi-period context. MOLINO-II performs cost benefit analysis for different transport modes and types of freight and/or passenger traffic, peak and off-peak time periods, diverse market structures and various financing schemes. Congestion levels and tolls are computed endogenously. MOLINO-II also takes into account uncertainty in demand and cost parameters.
Abstract