National Academies Press: OpenBook

Engineering Economic Analysis Practices for Highway Investment (2012)

Chapter: Abbreviations and Acronyms

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Page 96
Suggested Citation:"Abbreviations and Acronyms." National Academies of Sciences, Engineering, and Medicine. 2012. Engineering Economic Analysis Practices for Highway Investment. Washington, DC: The National Academies Press. doi: 10.17226/22795.
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Page 96
Page 97
Suggested Citation:"Abbreviations and Acronyms." National Academies of Sciences, Engineering, and Medicine. 2012. Engineering Economic Analysis Practices for Highway Investment. Washington, DC: The National Academies Press. doi: 10.17226/22795.
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Page 97

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97 AbbreviAtions And Acronyms Item Explanation AADT annual average daily traffic ADT average daily traffic APT accelerated pavement testing ARRA American Recovery and Reinvestment Act of 2009 AVO average vehicle occupancy B/C, B-C, BCA benefit–cost ratio (or analysis), benefit–cost, benefit–cost analysis [used synonymously with CBA] BHI Bridge Health Index [Caltrans] BMS bridge management system Cal-B/C benefit–cost analysis model used by California DOT Caltrans California Department of Transportation CBA cost-benefit analysis [used synonymously with benefit–cost analysis] CDOT Colorado Department of Transportation CI Congestion Index CPDM Capital Program Development and Management [an office of WSDOT] DB design–build DL Detour Length around bridge (NBI Rating Item 019) DOT department of transportation EC European Commission EEA engineering economic analysis EIA environmental impact assessment EU European Union EUAC equivalent uniform annual cost EVA-TREN EVAluation of Investment for TRansport and ENergy [European research project] FDOT Florida Department of Transportation GAO General Accountability Office GIS geographic information system HCM Highway Capacity Manual HERS Highway Economic Requirements System HERS-ST Highway Economic Requirements System-State Version HMA hot-mix asphalt HOV high-occupancy vehicle HSIG Highway Safety Issues Group [WSDOT] IIHS Insurance Institute for Highway Safety INA Interstate Network Analysis [model used in network analyses for the PANYNJ] IRI International Roughness Index (applied to pavements) IRR internal rate of return ITS Intelligent Transportation Systems LCC life-cycle costs LCCA life-cycle cost analysis Mn/DOT Minnesota Department of Transportation MP3, MPPP Mobility Project Prioritization Process [WSDOT] MPO metropolitan planning organization MTC Metropolitan Transportation Commission [San Francisco Bay Area] MTO Ministry of Transportation of Ontario MVMT million vehicle-miles traveled NBI National Bridge Inventory NED National Economic Development NJDOT New Jersey Department of Transportation NPV net present value NYSDOT New York State Department of Transportation

98 OMB Office of Management and Budget PAITF Port Authority Interstate Transportation Facilities [owned/operated by PANYNJ] PANYNJ Port Authority of New York and New Jersey PCC portland cement concrete PIB Pontis Improvement Benefit [used by Caltrans] PMS pavement management system PONYNJ Port of New York and New Jersey PSRC Puget Sound Regional Council RAC Research Advisory Committee [AASHTO committee comprising member agency representatives] RCW Revised Code of Washington RFP Request for Proposals ROC 52 State Highway 52 in Rochester, MN ROW right-of-way SC NBI Scour Code (Item 113) SCDOT South Carolina Department of Transportation SCIS Statewide Capital Investment Strategy [New Jersey DOT] SCOH [AASHTO’s] Standing Committee on Highways SHOPP State Highway Operation and Protection Program [Caltrans] SHSP Strategic Highway Safety Plan TEV Total Element Value [component of Caltrans’ bridge analysis] TIGER Transportation Investment Generating Economic Recovery USACE U.S. Army Corps of Engineers v/c volume-capacity ratio VA Value Analysis [Value Engineering program of the California DOT] VE Value Engineering VOC vehicle operating costs WSDOT Washington State Department of Transportation WTSC Washington Traffic Safety Commission Y.O.E. year-of-expenditure

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TRB’s National Cooperative Highway Research Program (NCHRP) Synthesis 424: Engineering Economic Analysis Practices for Highway Investment explores how U.S. transportation agencies have applied engineering economics--benefit–cost analyses and similar procedures--to decisions on highway investments.

TR News 292: May-June 2014 includes an article about the report.

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