Norah Montes de Oca Feng Xie David Levinson () (Nexus (Networks, Economics, and Urban Systems) Research Group, Department of Civil Engineering, University of Minnesota)
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This research assesses the implications of existing trends on future network investment, comparing alternative scenarios concerning budgets and investment rules across a variety of performance measures. The main scenarios compare 'stated decision rules';, processes encoded in flowcharts and weights developed from official documents or by discussion with agency staff, with 'revealed decision rules', weights estimated statistically based on observed historical behavior. This research specifies the processes necessary to run the network forecasting models with various decision rules. Results for different scenarios are presented including adding additional constraints for the transportation network expansion and calibration process details. We find that alternative decision rules make only small differences in overall system performance, though they direct investments to very different locations. However, changes in total budget can make a significant difference to system-wide performance.
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Paper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number
000010.
Length: Date of creation: 2006 Date of revision: Handle: RePEc:nex:wpaper:feng
Contact details of provider: Postal: Dept. of Civil Engineering, 500 Pillsbury Drive SE, Minneapolis, MN 55455 Phone: +01 (612) 625-6354 Fax: +01 (612) 626-7750 Web page: http://nexus.umn.edu More information through EDIRC
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Find related papers by JEL classification: R41 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion R42 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government and Private Investment Analysis R48 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government Pricing; Regulatory Policies
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