Because transportation investment programs have extended time horizons, state departments of transportation (DOTs) must forecast costs well into the future. This poses a serious challenge: the longer the time horizon, the more uncertainty and risk that forecasted costs will vary from actual, future costs.
The TRB National Cooperative Highway Research Program's NCHRP Research Report 953: Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting: Guidebook for State Transportation Agencies presents a cost forecasting method for use by state transportation agencies that better accounts for cost variability and economic volatility over time.
Supplemental information to the report includes NCHRP Web-Only Document 283: Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies, a cost forecasting toolkit, a guidebook presentation, and videos.
Table of Contents
|Chapter 1 - Introduction||1-7|
|Chapter 2 - Framework for Selecting a Cost Forecasting Approach||8-14|
|Chapter 3 - Cost Indexing Alternatives||15-36|
|Chapter 4 - Index-Based Cost Forecasting Approaches||37-44|
|Chapter 5 - Cost Forecasting Tool Kit||45-53|
The National Academies Press and the Transportation Research Board have partnered with Copyright Clearance Center to offer a variety of options for reusing our content. You may request permission to:
For most Academic and Educational uses no royalties will be charged although you are required to obtain a license and comply with the license terms and conditions.
For information on how to request permission to translate our work and for any other rights related query please click here.
For questions about using the Copyright.com service, please contact:
Copyright Clearance Center
22 Rosewood Drive
Danvers, MA 01923
Tel (toll free): 855/239-3415 (select option 1)
Loading stats for Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting: Guidebook for State Transportation Agencies...