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Estimation of indirect cost and evaluation of protective measures for infrastructure vulnerability: A case study on the transalpine transport corridor

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Author Info

  • Lorenzo Masiero

    ()
    (Istituto Ricerche Economiche (IRE), Università della Svizzera Italiana, Svizzera)

  • Rico Maggi

    ()
    (Istituto Ricerche Economiche (IRE), Università della Svizzera Italiana, Svizzera)

Abstract

Infrastructure vulnerability is a topic of rising interest in the scientific literature for both the general increase of unexpected events and the strategic importance of certain links. Protective investments are extremely costly and risks are distributed in space and time which poses important decision problems to the public sector decision makers. In an economic prospective, the evaluation of infrastructure vulnerability is oriented on the estimation of direct and indirect costs of hazards. Although the estimation of direct costs is straightforward, the evaluation of indirect cost involves factors non-directly observable making the approximation a difficult issue. This paper provides an estimate of the indirect costs caused by a two weeks closure of the north-south Gotthard road corridor, one of the most important infrastructure links in Europe, and implements a cost-benefit analysis tool that allows the evaluation of measures ensuring a full protection along the corridor. The identification of the indirect cost relies on the generalized cost estimation, which parameters come from two stated preference experiments, the first based on actual condition whereas the second assumes a road closure. The procedure outlined in this paper proposes a methodology aimed to identify and quantify the economic vulnerability associated with a road transport infrastructure and, to evaluate the economic and social efficiency of a vulnerability reduction by the consideration of protective measures.

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Bibliographic Info

Paper provided by USI Università della Svizzera italiana in its series Quaderni della facoltà di Scienze economiche dell'Università di Lugano with number 1003.

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Length: 17 pages
Date of creation: Mar 2010
Date of revision:
Handle: RePEc:lug:wpaper:1003

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Web page: https://www.bul.sbu.usi.ch

Related research

Keywords: infrastructure vulnerability; choice experiment; cost-benefit analysis; freight transport;

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References

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  1. Chen, Anthony & Yang, Hai & Lo, Hong K. & Tang, Wilson H., 2002. "Capacity reliability of a road network: an assessment methodology and numerical results," Transportation Research Part B: Methodological, Elsevier, vol. 36(3), pages 225-252, March.
  2. Michael Taylor & Somenahalli Sekhar & Glen D'Este, 2006. "Application of Accessibility Based Methods for Vulnerability Analysis of Strategic Road Networks," Networks and Spatial Economics, Springer, vol. 6(3), pages 267-291, September.
  3. Berdica, Katja, 2002. "An introduction to road vulnerability: what has been done, is done and should be done," Transport Policy, Elsevier, vol. 9(2), pages 117-127, April.
  4. Simona Bolis & Rico Maggi, 2003. "Logistics Strategy and Transport Service Choices: An Adaptive Stated Preference Experiment," Growth and Change, Gatton College of Business and Economics, University of Kentucky, vol. 34(4), pages 490-504.
  5. Danielis, Romeo & Marcucci, Edoardo & Rotaris, Lucia, 2005. "Logistics managers' stated preferences for freight service attributes," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 41(3), pages 201-215, May.
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Citations

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Cited by:
  1. Lorenzo Masiero & David Hensher, 2011. "Shift of reference point and implications on behavioral reaction to gains and losses," Transportation, Springer, vol. 38(2), pages 249-271, March.
  2. Lorenzo Masiero & David A. Hensher, 2010. "Analyzing loss aversion and diminishing sensitivity in a freight transport stated choice experiment," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 1004, USI Università della Svizzera italiana.
  3. Levi Vermote & Cathy Macharis & Koen Putman, 2013. "A Road Network for Freight Transport in Flanders: Multi-Actor Multi-Criteria Assessment of Alternative Ring Ways," Sustainability, MDPI, Open Access Journal, vol. 5(10), pages 4222-4246, September.

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