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The purpose of the Highway Safety Benefit-Cost Analysis (BCA) Guide is to assist transportation agencies in making consistent and sound investment decisions. The target audience includes transportation professionals such as traffic engineers, highway safety engineers, and planners conducting highway safety BCA for projects and programs. This Guide will help these users to quantify the costs, and direct and indirect safety-related benefits of project alternatives. Direct safety benefits include the expected change in crash frequency and severity. Indirect benefits include the operational and environmental benefits that result from a reduction in crashes (e.g., reduced delay, fuel use, and emissions). Readers will understand the methods, data requirements, and considerations associated with BCA. Examples demonstrate the application of the methods in various scenarios, including both site-specific and systemic projects with single or multiple countermeasures. Conducting consistent and reliable BCA will support decision making, optimize the return on investments, and increase the effectiveness of projects and programs.
This Round Table examines the costs and benefits of road safety measures.
This review of benefit-cost analysis as a tool for evaluating alternative courses of action describes the technique, discusses a number of benefit-cost studies, and indicates the difficulties inherent in this area of applied economics. * The author concentrates on the application of the technique to large scale transport problems, reviews the literature and indicates in his conclusions where the technique can be helpful and where there is little chance for its success.
This circular presents the proceedings from a Summer Workshop sponsored by Transportation Research Board (TRB) Committee A2A04, Roadside Safety Features. The Workshop was held July 22-23, 1986, in Newport, Oregon. This circular includes several invited papers and the recommendations from several Workshop Groups who discussed many issues related to the development and application of benefit-cost methodologies. Also included are the Workshop agenda, a list of participants, and appendices containing discussion summaries.