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This textbook provides a fundamental overview of the application of engineering economic principles to transportation infrastructure investments. Basic theory is presented and illustrated with examples specific to the transportation field. It also reviews the history of transportation finance, as well as current methods for funding transportation investments in the U.S. Future problems and potential solutions are also discussed and illustrated.
For all engineers and practitioners, it is essential to have a fundamental understanding of cost structure, estimating cash flows, and evaluating alternative projects and designs on an economic basis. Engineering Economics for Aviation and Aerospace provides the tools and techniques necessary for engineers to economically evaluate their projects and choices. The focus of this book is on a comprehensive understanding of the theory and practical applications of engineering economics. It explains and demonstrates the principles and techniques of engineering economics and financial analysis as applied to the aviation and aerospace industries. Time value of money, interest factors, and spreadsheet functions are used to evaluate the cash flows associated with a single project or multiple projects. The alternative engineering economics tools and techniques are utilized in separate chapters to evaluate the attractiveness of a single project or to select the best of multiple alternatives. Most of the engineering economics and financial mathematics books available in the market take either a pure theoretical approach or offer limited applications. This book incorporates both approaches, providing students of aviation and industrial economics, as well as practitioners, with the necessary mathematical knowledge to evaluate alternatives on an economic basis.
Engineer and implement sustainable transportation solutions Featuring in-depth coverage of passenger and freight transportation, this comprehensive resource discusses contemporary transportation systems and options for improving their sustainability. The book addresses vehicle and infrastructure design, economics, environmental concerns, energy security, and alternative energy sources and platforms. Worked-out examples, case studies, illustrations, equations, and end-of-chapter problems are also included in this practical guide. Sustainable Transportation Systems Engineering covers: Background on energy security and climate change Systems analysis tools and techniques Individual choices and transportation demand Transportation systems and vehicle design Physical design of transportation infrastructure Congestion mitigation in urban passenger transportation Role of intelligent transportation systems Public transportation and multimodal solutions Personal mobility and accessibility Intercity passenger transportation Freight transportation function and current trends Freight modal and supply chain management approaches Spatial and geographic aspects of freight transportation Alternative fuels and platforms Electricity and hydrogen as alternative fuels Bioenergy resources and systems Transportation security and planning for extreme weather events PRAISE FOR SUSTAINABLE TRANSPORTATION SYSTEMS ENGINEERING: "This book addresses one of the great challenges of the 21st century--how to transform our resource-intensive passenger and freight transportation system into a set of low-carbon, economically efficient, and socially equitable set of services." -- Dan Sperling, Professor and Director, Institute of Transportation Studies, University of California, Davis, author of Two Billion Cars: Driving toward Sustainability "...provides a rich tool kit for students of sustainable transportation, embracing a systems approach. The authors aptly blend engineering, economics, and environmental impact analysis approaches." -- Susan Shaheen, Professor, Department of Civil and Environmental Engineering, and Co-Director, Transportation Sustainability Research Center, University of California, Berkeley
Transportation is the world's largest invisible industry. Modern society is completely dependent on transportation to sustain its way of life, and it is all around us constantly. Yet the economics of transportation is a mystery to most people. Why do air fares rise and fall? Why do urban transit systems struggle to survive and require such large public subsidies? Why does freight transport cost more to move in one direction than an equal distance in another? Why is the government so heavily involved in transportation? Concepts of Transportation Economics provides explanations to these queries and many more, as well-renowned experts in the field, Barry E Prentice and Darren Prokop interpret the unique dynamics underlying transportation through the lens of applied economics, and demonstrate that the operations of transportation are completely logical and obvious once the concepts that underlie business decisions and consumer reactions are explained.
The book's website (with databases and other support materials) can be accessed here. Praise for the Second Edition: The second edition introduces an especially broad set of statistical methods ... As a lecturer in both transportation and marketing research, I find this book an excellent textbook for advanced undergraduate, Master’s and Ph.D. students, covering topics from simple descriptive statistics to complex Bayesian models. ... It is one of the few books that cover an extensive set of statistical methods needed for data analysis in transportation. The book offers a wealth of examples from the transportation field. —The American Statistician Statistical and Econometric Methods for Transportation Data Analysis, Third Edition offers an expansion over the first and second editions in response to the recent methodological advancements in the fields of econometrics and statistics and to provide an increasing range of examples and corresponding data sets. It describes and illustrates some of the statistical and econometric tools commonly used in transportation data analysis. It provides a wide breadth of examples and case studies, covering applications in various aspects of transportation planning, engineering, safety, and economics. Ample analytical rigor is provided in each chapter so that fundamental concepts and principles are clear and numerous references are provided for those seeking additional technical details and applications. New to the Third Edition Updated references and improved examples throughout. New sections on random parameters linear regression and ordered probability models including the hierarchical ordered probit model. A new section on random parameters models with heterogeneity in the means and variances of parameter estimates. Multiple new sections on correlated random parameters and correlated grouped random parameters in probit, logit and hazard-based models. A new section discussing the practical aspects of random parameters model estimation. A new chapter on Latent Class Models. A new chapter on Bivariate and Multivariate Dependent Variable Models. Statistical and Econometric Methods for Transportation Data Analysis, Third Edition can serve as a textbook for advanced undergraduate, Masters, and Ph.D. students in transportation-related disciplines including engineering, economics, urban and regional planning, and sociology. The book also serves as a technical reference for researchers and practitioners wishing to examine and understand a broad range of statistical and econometric tools required to study transportation problems.
This title offers an overview of the fundamentals and practice applications of probability and statistics, microeconomics, engineering economics, hard and soft systems analysis, and sustainable development and sustainability applications in engineering planning.
Transportation systems analysis is a multidisciplinary field which draws on engineering, economics, operations research, political science, psychology, management, and other disciplines. The major text synthesizes from these fields an approach that is intellectually coherent and comprehensive. Numerous details are provided to indicate how major concepts can be applied in practice to particular modes and problems. But the major objective of this book is to provide the reader with a basic framework onto which many different areas of specialization can be added by later coursework and practical experience. Fundamentals of Transportation Systems Analysis identifies concepts that are truly fundamental to serious work in the planning, design, or management of transportation systems. It also emphasizes, through more detailed treatment, certain topics, such as transportation demand and performance and the processes of evaluation and choice, that are inadequately treated in the available literature. A unique feature of the book is its emphasis on multimodal solutions to transportation problems. The student is taught to view the transportation system as a unified whole and to evaluate it within the context of the overall social, economic, and political system of a given region. According to Professor Manheim, "The challenge of transportation systems analysis is to intervene, delicately and deliberately, in the complex fabric of a society to use transport effectively, in coordination with other public and private actions, to achieve the goals of that society."
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.