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Stochastic Optimization Model and O ( N2 ) Solution Algorithm for Highway Investment Decision Making under Budget Uncertainty
Publisher: American Society of Civil Engineers
Abstract: One of the key tasks in highway investment decision making is to conduct project selection. The existing optimization models for project selection concerning an entire highway system do not address the issue of budget ...
Highway Project Level Life-Cycle Benefit/Cost Analysis under Certainty, Risk, and Uncertainty: Methodology with Case Study
Publisher: American Society of Civil Engineers
Abstract: One of the key steps in the highway investment decision-making process is to conduct project evaluation. The existing project level life-cycle cost analysis approaches for estimating project benefits maintain limited ...
Methodology for the Determination of Relative Weights of Highway Asset Management System Goals and of Performance Measures
Publisher: American Society of Civil Engineers
Abstract: Of the overall benefits of a highway project, only a portion may be quantifiable in dollar values and the remaining in nondollar values. To facilitate project comparisons, both portions of project benefits need to be ...
Application of Shackle’s Model and System Optimization for Highway Investment Decision Making under Uncertainty
Publisher: American Society of Civil Engineers
Abstract: This paper introduces a new methodology for highway investment decision making under uncertainty that uses Shackle’s model for uncertainty-based project benefit analysis and system optimization for project selection. ...
Entropy-STEP Multiobjective Trade-Off Analysis Method for Optimal Transportation Investment Decisions
Publisher: American Society of Civil Engineers
Abstract: The transportation decision-making process is complicated in that it often involves conflicting interests and expectations of different stakeholders. To ensure achieving sound decisions, various performance criteria in ...
Life-Cycle Cost Analysis of Highway Intersection Safety Hardware Improvements
Publisher: American Society of Civil Engineers
Abstract: A methodology is proposed for project-level life-cycle cost analysis of highway intersection safety hardware improvements. It incorporates a disaggregated risk-based approach for computing the safety index that could be ...
Determining the Reasonable Scale of a Toll Highway Network in China
Publisher: American Society of Civil Engineers
Abstract: This research aims to determine the reasonable scale of toll highways in China by considering factors including effects of non-debt investments; agency costs of construction, maintenance, and system operations; user travel ...
Optimal Decision Making of Interdependent Tollway Capital Investments Incorporating Risk and Uncertainty
Publisher: American Society of Civil Engineers
Abstract: A new methodology is proposed to address issues of networkwide effects of highway projects and interdependencies of jointly implementing multiple projects to support optimal investment decisions. Specifically, a multicommodity ...
Trade-Off Analysis Approach for Multiobjective Transportation Investment Decision Making
Publisher: American Society of Civil Engineers
Abstract: Transportation planning is multidimensional, complex, and dynamic in nature. The decision-making process often involves multiple stakeholders with conflicting preferences. Effective decision outcomes can only be reached ...
Safety Effects of Shoulder Paving for Rural and Urban Interstate, Multilane, and Two-Lane Highways
Publisher: American Society of Civil Engineers
Abstract: This paper introduces an Empirical Bayesian (EB) before-after analysis method for assessing the effects of highway shoulder paving on safety performance. In the first step, multi-year data on field-observed crash frequencies ...