APPLICATIONS OF VALUE OF TRAVEL TIME TO ECONOMIC EVALUATION OF TRANSPORT INVESTMENT ALTERNATIVES.

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

This review of conventional evaluation techniques and the changing viewpoints and techniques of economic evaluation focuses on the principal techniques applied to transportation investment, the estimation and uses of travel time values, and the value of travel time in cost-effectiveness analysis. The implications of the value of travel time for techniques involving cost-benefit estimation are also examined. The primary constituents of user benefits are reduced travel time and reduced automobile operating costs.

Original languageEnglish (US)
Pages (from-to)19-23
Number of pages5
JournalTransportation Research Record
Issue number587
StatePublished - 1976
Externally publishedYes

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Mechanical Engineering

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