Abstract:
Beginning with its FY 1989 capital program, the Southeastern Pennsylvania Transportation Authority (SEPTA) introduced a methodology for setting priorities for capital projects. The priority-setting methodology evaluates 12 financial and nonfinancial factors, which are each given a weight. The choice of factors and weights was based on the goals and criteria SEPTA believed were important for setting capital project priorities in the Philadelphia metropolitan area. Projects considered to be appropriate candidates for capital funding are evaluated using the priority-setting methodology. A total numerical score for each project is calculated by adding the results from the 12 factors, which creates a numerical ranking of the projects in descending order from 1 to n. However, capital projects mandated by regulation or legislation receive first priority for funding, regardless of their priority-setting score.
Supplemental Notes:
This paper appears in Transportation Research Record No. 1266, Urban Public Transportation Research 1990. 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
