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

Author

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

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.

Suggested Citation

  • Allen, Benjamin J. & Baumel, C. Phillip, 1994. "Expanding the Set of Efficiency Gains of a Highway Investment: Conceptual, Methodological and Practical Issues," Staff General Research Papers Archive 11705, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:11705
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    Cited by:

    1. massiani, jerome, 2008. "The welfare effects of freight travel time savings," MPRA Paper 8754, University Library of Munich, Germany.
    2. Wang, Zun & Sage, Jeremy & Goodchild, Anne & Jessup, Eric & Casavant, Kenneth & Knutson, Rachel L., 2013. "A Framework for Determining Highway Truck-Freight Benefits and Economic Impacts," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 52(2).
    3. Taylor, Justin & Casavant, Ken & Sage, Jeremy & Moore, Danna L. & Ivanov, Barb, 2013. "The Economic Impact of Increased Congestion for Freight-Dependent Businesses in Washington State," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 52(3).
    4. Massiani, Jérôme, 2014. "A micro founded approach to the valuation of benefits of freight travel time savings," Research in Transportation Economics, Elsevier, vol. 47(C), pages 61-69.
    5. Babcock, Michael W. & Leatherman, John C., 2011. "Methodology for Measuring Output, Value Added, and Employment Impacts of State Highway and Bridge Construction Projects," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 50(1).
    6. 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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