| Title | Induced traffic and induced demand in benefit-cost analysis - draft |
|---|---|
| Record ID | 51200 |
| Personal Name Creator |
Lee, Douglass B.; Klein, Lisa; Camus, Gregorio |
| Source | 20p. in various pagings |
| Corporate Creator | John A. Volpe National Transportation Systems Center (U.S.) |
| Corporate Contributor |
United States. Federal Highway Administration |
| Publisher | John A. Volpe National Transportation Systems Center (U.S.) |
| Publication Date | 19980700 |
| Language | English |
| Abstract | Subsequent to the US DOT's 1995 "conditions and Performance" report to Congress, the HERS (Highway Economic Requirements System) model used by FHWA to evaluate national highway investment options was modified to incorporate both short run and long run demand elasticities. The model uses benefit-cost methods to evaluatate alternative improvements for sample projects. Demand elasticity in this evaluation allows estimated traffic volumes, as well as the location of the demand curve, to repond to endogenous factors -- such as travel time, operating costs, and accident rates -- that are affected by improvements. Typical improvements are additional lanes, lane or shoulder widening, realignment, resurfacing, and safety enhancements. |
| Rosap ID | dot:12026 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/12026 |
| TRT Terms | Travel demand; Costs; Benefit cost analysis; Economic elasticity; Demand; Return on investment |
| General Subjects | Induced demand; Induced travel; Benefit cost analysis |
| Classification | AGR - IMPACTS - Economic and Community Development; NTL - ECONOMICS AND FINANCE - ECONOMICS AND FINANCE; NTL - ECONOMICS AND FINANCE - Economic Impacts; NTL - HIGHWAY/ROAD TRANSPORTATION - HIGHWAY/ROAD TRANSPORTATION |
| Geographical Coverage |
United States |
| Availability | Volpe National Transportation Systems Center, Technical Reference Center |
| Resource type | Tech Report |
| URL | https://ntlrepository.blob.core.windows.net/lib/51000/51200/51200/InducedTraffic.pdf |
| Format | |
| Database | NTL Digital Repository |