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Cost Benefit AnalysisThe Office of Freight Management and Operations sponsors economic research on the benefits and costs of transportation improvements and the development of new and better methods for making investment decisions. Research and analysis undertaken by FHWA are highlighted here. Benefit Cost StudyThe Freight Benefit/Cost Study project has gone through three phases of development. Phase I focused on developing the theory and logic. Phase II determined the sensitivity of a firm to infrastructural investment on a national level. Phase III established the approach, sensitivities and data inputs required to calculate long-term benefits of highway-freight infrastructural investment on a regional level and will investigate the construction of a tool for state and local entities to estimate additional benefits derived through logistics rearrangements from highway performance improvements.
Benefits Estimation ToolThe Highway Freight Logistics Reorganization Benefits Estimation Tool estimates total benefits associated with highway investment by establishing a relationship between elasticity of demand with respect to highway performance, elasticity of demand with respect to price, a set of other region-specific variables, and the conventionally measured freight benefits resulting from travel time savings and other user benefits.
Related Topics
Staff ContactStephen Clinger |
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United States Department of Transportation - Federal Highway Administration |
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