Valuing ITS Benefits: A Business Case for Change.

Author(s)
Hardcastle, D. Wadsworth, B. & Barton, P.T.
Year
Abstract

Modern economies rely on just in time logistics. On time business travel is just as critical. However, as traffic grows, reliability tends to suffer. In the UK, it is estimated that 30% to 50% of freight journeys are now delayed by congestion. Advanced ITS can improve journey reliability by 30%. This aspect appears to be highly valued by road users, but has been disregarded in conventional cost-benefit analysis, which has only counted savings in average journey times, travel costs and accidents. This paper describes how there are now ways of measuring reliability gains, but further work is needed to assess its true value.

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Publication

Library number
C 47003 (In: C 46669 CD-ROM) /72 / ITRD E852527
Source

In: ITS in daily life : proceedings of the 16th World Congress on Intelligent Transport Systems (ITS), Stockholm, Sweden, September 21-25, 2009, 8 p.

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This publication is one of our other publications, and part of our extensive collection of road safety literature, that also includes the SWOV publications.