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From page 248... ... 133 APPENDIX D: BENEFIT-COST ANALYSIS TOOL Section 4.3.1 describes the concept of the Excel spreadsheet-based BCA tool to support the economic case component of the business case. This appendix provides further background on the V2I applications available in the tool and instructions on how to use the tool to compute benefit-cost ratios as an input into the economic case. Read the entire page →
From page 249... ... 134 Table D-1. V2I Applications in the BCA Tool – Definitions V2I Service Definition Roadway Departure Warning (CSW/RDW) Read the entire page →
From page 250... ... 135 discussion pertains equally to the other four V2I applications contained in the tool, although the anticipated benefit categories are distinct for each. D.2.1 Organization and Structure The BCA tool is an Excel workbook structured around six sets of three worksheets. Read the entire page →
From page 251... ... 136 The BCA tool offers maximum flexibility to the user to disregard any given cost or benefit category based on his or her preference and the availability of data. The cost and benefit categories and input guidance are based on currently available knowledge and may evolve as CV development and deployment reaches advanced states of maturity. Read the entire page →
From page 252... ... 137 Table D-3. Definitions of Terms used in the BCA Tool Term Definition Total Costs Includes initial cost plus any reoccurring costs (ongoing system O&M) Read the entire page →
From page 253... ... 138 Table D-4. Quantifiable Benefits of V2I Applications in the BCA Tool Benefit Category Monetizable Benefits Safety Fatalities avoided Injuries avoided Property damage only avoided Mobility (Operational) Read the entire page →
From page 254... ... 139 D.2.2.1 General Inputs General inputs contain essential information used throughout the BCA. A screen capture illustration is shown in Figure D-2. Read the entire page →
From page 255... ... 140 however, can operate successfully at lower levels of penetration and still provide significant benefits. Presumptions regarding the timeframe to reach various levels of market penetration therefore become important to transportation agency planning and the strength of the business case. Read the entire page →
From page 256... ... 141 Table D-6. Congestion or Delay Reduction Factors for Various V2I Applications. Read the entire page →
From page 257... ... 142 Table D-6. Congestion or Delay Reduction Factors for Various V2I Applications. Read the entire page →
From page 258... ... 143 rates for the corridor or network in question; this can be a constant value over the planning horizon, or it can vary by year. From these inputs, the tool computes forecasted reductions in fatalities, injuries, and property damage only. Read the entire page →
From page 259... ... 144 Table D-7. Crash Reduction Factors for Various V2I Applications. Read the entire page →
From page 260... ... 145 INC-ZONE • A survey of European studies that examined impacts of C-ITS (CV) applications used the following for Roadworks Warning (enables road operators to communicate information about road works and restrictions to drivers) Read the entire page →
From page 261... ... 146 The environmental benefits calculation begins with an estimate of the reduction rates in the three pollutants and fuel consumption as a result of the V2I application. For SPD-HARM, the default reduction rates provided in the BCA tool are based on simulations of a speed harmonization algorithm applied to a section of I-66 in Northern Virginia (Virginia Tech Transportation Institute 2016) Read the entire page →
From page 262... ... 147 Table D-8. Emission and Fuel Consumption Reduction Rates for Various V2I Applications. Read the entire page →
From page 263... ... 148 Figure D-5. BCA Tool Screen Capture – Anticipated Environmental Benefits Input/Output Category (I/O) Read the entire page →
From page 264... ... 149 D.2.3 Cost Inputs The Cost Inputs tab contains one large table in which the user enters cost component values for the V2I application over the planning horizon. Costs are assumed to be constant 2018 dollars. Read the entire page →
From page 265... ... 150 Figure D-6. BCA Tool Screen Capture – Cost Inputs. Read the entire page →
From page 266... ... 151 • Total benefits • Total costs • Net benefits • Cumulative net benefits • Benefit-Cost Ratio • Breakeven year • ROI based on the selected time frame • Average annual cost • Average annual net benefits Figure D-7. BCA Tool Screen Capture – Benefit-Cost Analysis The tool has a built-in formula that enables users to calculate the ROI for any time frame (15 years or less) Read the entire page →
From page 267... ... 152 Figure D-8. BCA Tool Screen Capture – Return on Investment Time Frame Selection D.2.5 Using the Benefit-Cost Analysis Tool for a Different Application or Combination of Applications The BCA tool is currently set up for five V2I applications and designed to be used for a single V2I application at a time. Read the entire page →
From page 268... ... 153 combination of applications, users should make changes to these benefit functions in a way that the V2I application reflects. The Costs worksheet requires the users to enter the costs to be incurred by years and by various prepopulated components for the V2I application of interest. Read the entire page →

From page 248...

... 133 APPENDIX D: BENEFIT-COST ANALYSIS TOOL Section 4.3.1 describes the concept of the Excel spreadsheet-based BCA tool to support the economic case component of the business case. This appendix provides further background on the V2I applications available in the tool and instructions on how to use the tool to compute benefit-cost ratios as an input into the economic case.