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Title: Economic Competitiveness and Equity-Based Safety Improvement Allocation Model for Urban Intersections
Accession Number: 01515577
Record Type: Component
Availability: Transportation Research Board Business Office 500 Fifth Street, NW Abstract: Economic competitiveness and equity can be two competing objectives while allocating funds for implementation of safety alternatives on urban intersections. One of the critical phase of current safety management process (hazard elimination program) undertaken by most states is resource allocation among identified crash locations. Literature underlines the importance of this phase and lack of sophisticated tools available to state planning agencies for evaluating federal and state policies. The study overcomes this limitation by proposing an optimization based resource allocation model that maximizes safety benefits, subjected to budget and policy constraints. The proposed model incorporates economic competitiveness in the allocation and distributes improvements to urban intersections such that maximum economical benefits are obtained from crash savings. However, results show that while economic competitiveness leads to optimal benefits, resource allocation is inequitable. Hence equity based models are developed by adding two policy options: equity in opportunity and equity in outcome. The resource allocation model is solved using sequential quadratic programming. The model is applied to crash prone intersections in four counties of southeast Michigan. The proposed model is generic and scalable, with flexibility in including policy options often considered by state and local agencies.
Supplemental Notes: This paper was sponsored by TRB committee ANB10 Transportation Safety Management.
Monograph Title: Monograph Accession #: 01503729
Report/Paper Numbers: 14-4215
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Mishra, SabyasacheeSharma, SushantGolias, MihalisBoyles, Stephen DPagination: 21p
Publication Date: 2014
Conference:
Transportation Research Board 93rd Annual Meeting
Location:
Washington DC Media Type: Digital/other
Features: Appendices; Figures; Glossary; References; Tables
TRT Terms: Geographic Terms: Subject Areas: Economics; Highways; Safety and Human Factors; I10: Economics and Administration; I82: Accidents and Transport Infrastructure
Source Data: Transportation Research Board Annual Meeting 2014 Paper #14-4215
Files: TRIS, TRB, ATRI
Created Date: Jan 27 2014 3:27PM
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