Cost-benefit Analysis in Transport - a UK Perspective

Cost-benefit Analysis in Transport - a UK Perspective
Author: Peter J. Mackie
Publisher:
Total Pages: 25
Release: 2010
Genre:
ISBN:

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Economic appraisal of transport projects in the UK, if dated from the studies of Coburn, Beesley and Reynolds (1960) and Foster and Beesley (1963), is now celebrating its fiftieth birthday. It has always been a controversial tool, generating accusations of unacceptable principle, improper application, inadequate evidence base and bias. One early application was to the appraisal of the proposed third London Airport where a critic labelled the project appraisal as "nonsense on stilts" and the method was defended against accusations of being "bastard science and/or insidious poison in the body politick" (Self 1970, Williams, 1973). Since that time, appraisal has found itself at the centre of public disputes about the road planning system, the treatment of environmental impacts, the socalled "roads generate traffic" issue and the relationship between transport and the economy. The Government established a special independent committee, SACTRA, to advise it. The 1997 Government undertook a review which led to the so-called New Approach to Appraisal, and in 2009 revisited and refreshedʺ the NATA, (...).

Transport Project Evaluation

Transport Project Evaluation
Author: Elvira Haezendonck
Publisher: Edward Elgar Publishing
Total Pages: 246
Release: 2007
Genre: Business & Economics
ISBN:

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Revisiting traditional evaluation methods such as cost-benefit analysis, this book tries to find a balance between the ever-increasing demand for transport solutions and the limited means governments are able to invest in transport projects.

Assessing the Benefits of Transport

Assessing the Benefits of Transport
Author: European Conference of Ministers of Transport
Publisher: OECD Publishing
Total Pages: 213
Release: 2001-04-19
Genre:
ISBN: 9282112845

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This book discusses the full economic benefits - and costs - of transport infrastructure and explores ways to make good estimates of the full impact of planned investments on regional and national economies.

ITF Round Tables

ITF Round Tables
Author: Organisation for Economic Co-operation and Development
Publisher:
Total Pages: 112
Release: 2011
Genre: Transportation
ISBN: 9781283130912

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OF DISCUSSIONS -- The Practice of Cost-Benefit Analysis in Transport: The Case of France, by Emile QUINET -- 1. Introduction -- 2. Origins of Changes in the Doctrine -- 3. Project Evaluation Guidance -- 4. Assessments of Recent Programmes and Projects -- 5. Overall Decision on Cost-Benefit Analysis vs. Multi-Criteria Analysis -- 6. Some Ideas for Improving Cost-Benefit Analysis -- 7. Conclusion -- The Practice of Cost-Benefit Analysis in the Transport Sector: A Mexican Perspective, by Vladimir RAMÍREZ SOBERANIS -- 1. Introduction -- 2. Institutional Framework (Stages of the Public Investment Process) -- 3. The Role of Cost-Benefit Analysis in the Decisionmaking Process -- 4. Key Elements of Cost-Benefit Analysis -- 5. Potential Development of Project Assessment Procedures -- 6. Conclusion -- Cost-Benefit Analysis in Transport: A UK Perspective, by Peter J. MACKIE -- 1. Introduction -- 2. The Role of Transport Appraisal -- 3. Transport CBA in the UK -- 4. Critiques of UK Transport Appraisal -- 5. Transport and the Economy -- 6. Concluding Thoughts -- List of Participants.

Decision-making on Mega-projects

Decision-making on Mega-projects
Author: Hugo Priemus
Publisher: Edward Elgar Publishing
Total Pages: 353
Release: 2008-01-01
Genre: Business & Economics
ISBN: 1848440170

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It will be useful for those experienced and senior professionals who are charged with authorizing and controlling projects. Recommended. P.F. Rad, Choice Building on the seminal work of Bent Flyvbjerg, this book is a collection of expert contributions that will prove essential to anyone wanting to understand why mega-projects go wrong and how they can be made to work better. Professor Sir Peter Hall, University College London, UK This book offers a refreshing and fascinating look at mega-projects from the perspective of public evaluation and planning. With the changing role of the public sector in planning and implementing large-scale projects and a subsequent strong emergence of private public modes of operation, mega-projects have become a problematic phenomenon. This volume is a major source of information and reference. It provides the reader with unique insights and caveats in mega-projects planning. Peter Nijkamp, VU University Amsterdam, The Netherlands This book enlarges the understanding of decision-making on mega-projects and suggest recommendations for a more effective, efficient and democratic approach. Authors from different scientific disciplines address various aspects of the decision-making process, such as management characteristics and cost benefit analysis, planning and innovation and competition and institutions. The subject matter is highly diverse, but certain questions remain at the forefront. For example, how do we deal with protracted preparation processes, how do we tackle risks and uncertainties, and how can we best divide the risks and responsibilities among the private and public players throughout the different phases of the project? Presenting a state-of-the-art overview, based on experiences and visions of authors from Europe and North America, this unique book will be of interest to practitioners of large-scale project management, politicians, public officials and private organisations involved in mega-project decision-making. It will also appeal to researchers, consultants and students dealing with substantial engineering projects, complex systems, project management and transport infrastructure.

Notes on the State-of-the Art of Benefit-cost Analysis as Related to Transportation Systems

Notes on the State-of-the Art of Benefit-cost Analysis as Related to Transportation Systems
Author: Joseph D. Crumlish
Publisher:
Total Pages: 46
Release: 1966
Genre: Cost effectiveness
ISBN:

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This review of benefit-cost analysis as a tool for evaluating alternative courses of action describes the technique, discusses a number of benefit-cost studies, and indicates the difficulties inherent in this area of applied economics. * The author concentrates on the application of the technique to large scale transport problems, reviews the literature and indicates in his conclusions where the technique can be helpful and where there is little chance for its success.