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Expanding the Set of Efficiency Gains of a Highway Investment: Conceptual, Methodological and Practical Issues

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  • Allen, Benjamin J.
  • Baumel, C. Phillip
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    Abstract

    The benefit-cost analysis method is the traditional approach for assessing the economic soundness of highway improvement projects. However, with the advent of cost saving tools such as just-in-time operations, it is now desireable to incorporate logistical considerations in the analysis. The logistical cost savings approach is an example of such an integrated approach. It has numerous advantages over the traditional approach, including more complete and accurate estimation of benefits accruing to the users of freight transportation.

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    Bibliographic Info

    Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 11705.

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    Date of creation: 01 Oct 1994
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    Publication status: Published in Transportation Journal, Fall 1994, vol. 34 no. 1
    Handle: RePEc:isu:genres:11705

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    Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
    Phone: +1 515.294.6741
    Fax: +1 515.294.0221
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    Web page: http://www.econ.iastate.edu
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    Cited by:
    1. Jérôme Massiani, 2008. "The welfare effects of freight travel time savings," Working Papers 0801, SIET Società Italiana di Economia dei Trasporti e della Logistica.
    2. Adelheid Holl & Rafael Pardo & Ruth Rama, 2010. "Just-in-Time Manufacturing Systems, Subcontracting and Geographic Proximity," Regional Studies, Taylor & Francis Journals, vol. 44(5), pages 519-533.

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