By E Bekiaris, Y J Nakanishi
There are specific complexities linked to the commercial valuation of clever Transportation platforms (ITS) and telematics. conventional equipment of quantitative research will not be applicable in correctly and reliably assessing the commercial affects of those applied sciences. even supposing complex transportation and similar applied sciences are being deliberate and deployed at an more and more speedy velocity, some of the applied sciences are nonetheless really new, and their use will not be frequent. a lot of the preliminary details and facts accrued were anecdotal and feature concentrated extra on merits instead of expenses. for this reason, problems come up end result of the loss of old info and 'lessons discovered' from which to attract upon. moreover, in comparison with conventional transportation infrastructure, ITS applied sciences have various lifestyles cycles, rate constructions, and a few interrelated components. This e-book addresses those issues and proposes new monetary review innovations in addition to alterations to present ones. incorporated are case reviews from a mess of North American, ecu, and Asian countries and significant metropolitan components protecting quite a lot of ITS applied sciences together with highway administration, digital toll assortment, complicated driving force counsel platforms, and traveler info platforms.
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Extra resources for Economic Impacts of Intelligent Transportation Systems, Volume 8: Innovations and Case Studies (Research in Transportation Economics)
Other costs include perceptions of comfort, convenience, crime risk, and so on. Note that it is the costs that the traveler perceives that are relevant to the travel decision. If highway improvements are funded by general property taxes that a transportation user does not perceive as relevant to the marginal cost of a trip, then those costs will not influence the trip decision (whether to make the trip, when, where, and by what mode). Costs are easy to identify in concept, and measurements are relatively straightforward.
Implications for the evaluation of Intelligent Transportation Systems. Though transportation clearly involves more than highways (air, rail, water), this chapter focuses on urban highways (or, more generally, urban transportation rights-of-way) for two reasons. First, it simplifies the presentation of the economic concepts. Second, peak-period congestion in urban areas is a primary focus for ITS. The concepts and techniques that follow can, however, be applied generally to inter-urban and freight transportation by non-highway modes.
Table 1 summarizes the essential characteristics of the decision: The left column of Table 1 only begins to list all the considerations (evaluation criteria) relevant in choosing a new car. Clearly an important consideration will be the most basic one (especially if used cars are being considered): will the vehicle get me from here to there reliably? But many other considerations matter: will it Framework for an Economic Evaluation of Transportation Investments 21 Table 1. Framework for a Decision About a Transportation Investment.