Improved Methodology for Benefit Estimation of Preservation Projects
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This project evaluated WSDOT’s current process for calculating highway preservation project costs and benefits and then developed an improved approach. To quantify the regional economic benefits associated with its transportation investment projects, WSDOT uses software developed by the Federal Highway Administration known as the Highway Economic Requirements System—State Version (HERS-ST). The researchers developed a tool to supplement the HERS-ST for benefit and cost estimation processes. The improved method, combining the new HERS-ST-BAT tool with HERS-ST, will allow transportation agencies to more accurately and flexibly estimate changes in their own and user costs resulting from proposed pavement projects and to more effectively consider different investment alternatives. ... Read More about Improved Methodology for Benefit Estimation of Preservation Projects | |