Future role of cost–benefit analysis in intelligent transport system‐research

Abstract

For a successful implementation of intelligent transport systems (ITS), technological progresses and innovations are undisputable important. Nevertheless, economic viability may not be forgotten as a prerequisite. Considerable investments for stakeholders (such as public or industry) are needed to equip vehicles, install the necessary infrastructure or to set up traffic management centers. This study enhances the technological perspective on ITSprojects by picking up the topic of economics. In this study, viable business models are acknowledged as a central success factor for the implementation of ITS. The focus, however, lies on the often neglected socio-economic perspective which includes societal costs and benefits. These impacts can be determined with a cost-benefit analysis (CBA). On the basis of a systematic case study, this study provides a profound understanding for the methodology of the CBA and the importance for public-decision making. By means of ITS-projects of the European Framework Programs, the automotive ITS-project sim TD and the multimodal-related project All Ways Travelling, the significance of CBA-results for ITS-projects is shown. At the same time, the method is critically assessed by showing a number of limitations that can strongly determine the validity of the results, and therefore require a methodological adaption to the needs of ITS-projects.

Early adopters of emergency braking and speed alert

“…Cost-benefit analysis has long been used to evaluate the socio-economic profitability of investments in ITS (Schulz and Geis 2014). It is also an established method for evaluating the socio-economic profitability of transport projects.…”

Economic comparison between vehicle‐to‐vehicle (V2V) and vehicle‐to‐infrastructure (V2I) at freeway on‐ramps based on microscopic simulations

“…To our best knowledge, there are few studies about the economic impacts of V2V and V2I on the traffic system. Studies in the economics of transportation have been conducted from a microscopic viewpoint for several decades [26][27][28][29]. For example, Langari et al developed an intelligent control strategy for different driving conditions based on the driving pattern recognition utilising vehicle performance statistics to improve fuel economy in economics [30].…”

Multi-hop broadcast message dissemination in vehicular ad hoc networks: A security perspective review

“…1 Among industry manufacturers, governments, and standardization bodies, safety applications (e.g. vehicle collision warning and cooperative cruise control) have attracted most of the attention as there is a growing interest in reducing road traffic accidents, preventing injuries and saving lives.…”

“…In this sense, a research area that has drawn significant attention is that of vehicular ad hoc networks (VANETs), because of its potential to fulfill ITSs communication requirements. 1 VANETs provide the radio interface required by vehicles (wireless transceivers based on IEEE 802.11p, which operate on the dedicated short-range communication (DSRC) band) 2 to communicate with each other using vehicleto-vehicle (V2V) or vehicle-to-infrastructure (V2I) communications. As illustrated in Figure 1, vehicles can also communicate with other nearby entities through vehicleto-pedestrian (V2P) or vehicle-to-anything (V2X) wireless links, thus making possible a wider variety of applications for ITSs.…”