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Title:

EVALUATION OF FAA'S ECONOMIC ANALYSIS GUIDE

Accession Number:

00399865

Record Type:

Component

Availability:

Find a library where document is available


Order URL: http://worldcat.org/isbn/0309037689

Abstract:

FAA's 1982 "Economic Analysis of Investment and Regulatory Decisions--A Guide" was reviewed for its effectiveness in determining the economic desirability of aviation-related project investment and regulatory alternatives. The FAA Guide was found to be excellent because it is (a) a comprehensive tool for analyzing investment and regulatory alternatives, (b) based on sound transportation economic concepts, (c) direct in approach, (d) easily understood, (e) well organized, and (f) not likely to become outdated because updating procedures are provided. Major weaknesses are (a) unavailability of important references that are cited, (b) lack of examples to assist users' understanding, and (c) reliance on potentially numerous hand calculations. The FAA Guide recommends the treatment of intangible and quantifiable nonuser benefits and costs in the benefit-cost analysis; the reviewer, however, recommends that the benefit-cost analysis include only quantifiable aviation user benefits and project or regulatory costs.

Supplemental Notes:

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. Publication of this paper sponsored by Committee on Application of Economic Analysis to Transportation Problems.

Monograph Accession #:

01419865

Authors:

McLeod, Douglas S

Editors:

Kaplan, Elizabeth W

Pagination:

pp 6-11

Publication Date:

1984

Serial:

Transportation Research Record

Issue Number: 984
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

0309037689

Media Type:

Print

Features:

Figures (1) ; References (8)

Subject Areas:

Aviation; Economics; Highways; Law; Society; I10: Economics and Administration

Files:

TRIS, TRB

Created Date:

Feb 28 1986 12:00AM

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