Junyi SHEN (Assistant Professor, Osaka School of International Public Policy, Osaka University) Yusuke SAKATA (Associate Professor, School of Economics, Kinki University) Yoshizo HASHIMOTO (President, Osaka Prefectural Institute for Advanced Industry Development)
Abstract
In this paper, under the consideration on both local environmental status and transportation network, we implement Cost Benefit Analysis (CBA) for the extension plan of Osaka Monorail Loop-line by applying a Choice Experiment (CE) method. It is estimated that the benefit cost (B/C) ratio is 1.35 under a basic scenario. In addition, with a consideration on different kinds of uncertainty in the future, a number of sensitivity analyses are implemented. The results of sensitivity analysis indicate that the possibility of generating net benefit is extremely high for the extension plan studied here.
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Publisher Info
Paper provided by Osaka School of International Public Policy, Osaka University in its series OSIPP Discussion Paper with number
08J004.