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Title:

FEASIBILITY OF TEXAS HIGHWAY ECONOMIC EVALUATION MODEL FOR HIGH-OCCUPANCY VEHICLE PROJECTS

Accession Number:

00373367

Record Type:

Component

Availability:

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Order URL: http://worldcat.org/issn/03611981

Abstract:

The increasing importance of improving the efficiency of transportation facilities has resulted in the need for a systematic economic model to evaluate those kinds of projects. An important category of projects includes high-occupancy vehicle (HOV) projects, which encourage higher vehicle occupancy rates by restricting the use of some portion of the facility to some vehicle types or minimum number of occupants. This paper examines the feasibility of using the Texas highway economic evaluation model (HEEM) to evaluate HOV projects and recommends changes to the current model in three major areas, including the assumptions used in the model, the user cost calculations, and the method of allocating corridor traffic to specific routes within the corridor. The assumptions of the model examined include the percentage of trucks, the occupancy rates, and the value of time. The calculations for vehicle operating costs, including running costs and cycling costs, are examined, along with the vehicle types used in those calculations. The allocation of corridor traffic is an important aspect of evaluating HOV projects and other types of highway projects. The allocation method used in HEEM is compared with a method that minimizes the total user costs. The method involves determining the allocation such that the marginal user costs for each route in the corridor are equal. User cost equations are presented that can be used to allocate corridor traffic for any number of routes within the corridor. The cost functions are based on the user cost calculations in HEEM. (Author)

Supplemental Notes:

Publication of this paper sponsored by Committee on Application of Economic Analysis to Transportation Problems. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

Monograph Title:

Economic analysis issues

Monograph Accession #:

01411681

Authors:

Memmott, Jeffery L
Buffington, Jesse L

Pagination:

pp 15-22

Publication Date:

1982

Serial:

Transportation Research Record

Issue Number: 887
Publisher: Transportation Research Board
ISSN: 0361-1981

Conference:

61st Annual Meeting of the Transportation Research Board

Location: Washington District of Columbia, United States
Date: 1982-1-18 to 1982-1-22

ISBN:

0309034744

Media Type:

Print

Features:

Figures (5) ; References (20) ; Tables (4)

Candidate Terms:

Highway economics

Uncontrolled Terms:

Efficiency; Road user costs

Geographic Terms:

Texas

Old TRIS Terms:

Texas

Subject Areas:

Administration and Management; Economics; Finance; Highways; Motor Carriers; Public Transportation; Society; Terminals and Facilities; I10: Economics and Administration

Files:

TRIS, TRB

Created Date:

Jun 30 1983 12:00AM

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