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Framework and Tools for Estimating Benefits of Specific Freight Network Investments (2011) / Chapter Skim
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Appendix A - Traditional Benefit/Cost Tools
Pages 119-123

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From page 119...
... A.5 Economic Development Impact Models These tools estimate impacts of transportation projects on income and jobs in the economy, and are primarily used by public-sector (local, regional, or state) transportation agencies to explicitly consider business productivity and economic development impacts that are not represented by transportation system efficiency tools.
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From page 120...
... Railroad Operations Tools Estimate how a given rail infrastructure improvement would actually change volumes, speeds, and reliability. The source data include specific track, siding and yard conditions, plus road, local, and work train characteristics, and schedules that are proprietary to the railroads.
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From page 121...
... Federal Railroad Administration (http://gradedec.fra.dot.gov/Default.aspx) Highway Freight Logistics Reorganization Benefits Estimation Tool Tool measures second-order benefits that come about when firms direct the money saved on logistics expenses away from maintaining inventory and toward other more productive uses.
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From page 122...
... They have an ability to assess economic impacts, benefits, and costs of transportation network alternatives at a statewide level. Cambridge Systematics Inc, Economic Development Research Group, Inc, Indiana DOT (http://www.edrgroup.com/pdf/mcibas-system-intro.pdf)
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From page 123...
... DecisionTek Risk Analysis Engine (http://www.decisiontek.com/Home/tabid/37/Default.aspx) Ad hoc spreadsheet tools for probability distributions Risk Evaluation Tools Risks are allocated and quantified to clearly describe the various scenarios, costs, and responsibilities involved.
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Key Terms

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  • total logistics
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  • global insight
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  • logistics cost
  • decisiontek risk
  • policy insight
  • risk analysis
  • transport costs

  • federal railroad
  • shipper cost
  • carrier cost
  • development research
  • probability distributions

  • tools estimate
  • transportation network
  • modal diversion
  • cooperative highway
  • impact models

  • accounting tools
  • tool description
  • spatial cge
  • insight macroeconomic
  • financial impact


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