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Performance Measurement Framework for Highway Capacity Decision Making (2009) / Chapter Skim
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Pages 50-52

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From page 50...
... More complex methods include econometric productivity models and input/output models. The most advanced economic impact assessment models integrate with travel demand models, land use models, and dynamic simulation economic models.
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From page 51...
... Colorado DOT adapted benefit/cost analysis methodologies from several agencies and organizations to estimate user benefits and costs for three alternative investment scenarios based on its 2030 long-range transportation plan. The study did not quantitatively consider wider impacts on the economy (Pickton et al., 2007)
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From page 52...
... 2. Economic Development – Economic development captures the broader economic benefits that can accrue as a result of transportation investment.
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Key Terms

  • travel demand
  • transportation plan
  • environmental justice
  • demand models
  • economic benefit

  • demand model
  • user benefit


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