Urban Studies and Planning Commons^™

Model-Based Analytics And Processes For Transportation Investment Alternatives Analyses: From Least Cost Planning To Multi Criterion Evaluation, Jeff Frkonja

PSU Transportation Seminars

Many public and private organizations that make decisions regarding whether and how to invest in transportation assets or programs do so via a structured decision-support process. This talk will address the technical aspects of the family of such processes that use travel demand model outputs—and other sources of quantified performance data—as inputs to analytic tools including benefit cost analysis (BCA) and multi criterion evaluation. Example applications of this framework have included tolling and pricing studies, capital investment alternatives analyses, and programmatic evaluations. Example processes include "Least Cost Planning" frameworks borrowed originally from the power generation industry.

The talk will also …