Need-Based Project Prioritization: Alternative to Cost-Benefit Analysis

Kulkarni, R; Miller, Deb; Ingram, Rosemary M.; Wong, Chi-Wah; Lorenz, Julie

doi:10.1061/(asce)0733-947x(2004)130:2(150)

Cited by 38 publications

(16 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The use of MCA in public sector transportation planning is not new (Gokey et al, 2009;CLGP, 2009;Berechman and Paaswell, 2005;Kulkarni et al, 2004;Piantanakulchai and Saengkhao, 2003); however, the application of MCA appears to be extremely limited in the context of state-level transportation planning within the U.S. In the case of Vermont, the VAOT had little to no experience with MCA techniques prior to the development of the new project prioritization process.…”

Section: The Mca Tool and Its Impact On The Transportation Project Prmentioning

confidence: 99%

Evaluating the outcomes associated with an innovative change in a state-level transportation project prioritization process: A case study of Vermont

et al. 2015

View full text Add to dashboard Cite

Section: The Mca Tool and Its Impact On The Transportation Project Prmentioning

confidence: 99%

Evaluating the outcomes associated with an innovative change in a state-level transportation project prioritization process: A case study of Vermont

et al. 2015

View full text Add to dashboard Cite

“…The USA (Kulkarni et al 2004) uses an expanded CBA model analyzing the impact of large-scale projects on the capital. Multi-criteria analysis and other methods are mostly used at the level of separate regions.…”

Section: Evaluation Of Investment Projects On Urban Transport Systemsmentioning

confidence: 99%

The Evaluation of Investment Projects Within the Territory of Development

Griškevièiûtë‐Geèienë

2010

Transport

View full text Add to dashboard Cite

Sustainable development is the most researchable sphere of many experts in urbanistics, architecture, transport, environment and economics in Lithuania. Every period of time has specific problems and solutions to solve them. The present days have increased the level of automobilization and growing traffic in cities has become the main task for sustainable development. State-wide improvement and development of transport infrastructure relate to the level of assigned investments that depend on State transport policy and existing opportunities. Comparing to several EU member states, the procedures of evaluating data on transport infrastructure projects evolved in parallel with the EU-financed projects. Therefore, it could be stated that this area is not falling behind.The analysis of evaluation methods in Lithuania and foreign countries showed that there were no standardized and united methods for evaluating projects on urban system infrastructure. During the last decade, investment projects in cooperation with the State were evaluated using complex analysis in Lithuania. Cost-benefit analysis was and is still being used for evaluating the EU-financed projects. Multicriteria analysis is often carried out in the EU and other countries to evaluate the financial feasibility of transport infrastructure and takes its first steps in Lithuania.

show abstract

“…• Increasing pressures toward the explicit recognition of multiple objectives in infrastructure management (e.g., increased safety, higher customer satisfaction, reduced environmental impacts) make it necessary to address impact dimensions beyond cost considerations (e.g., Kulkarni et al 2004, National Cooperative Highway Research Program 2005. Because many of these objectives-such as customer satisfaction-are inherently subjective, there is a need for approaches that accommodate preferences explicitly.…”

Section: Background Andmentioning

confidence: 99%

Combining a Multiattribute Value Function with an Optimization Model: An Application to Dynamic Resource Allocation for Infrastructure Maintenance

Mild

Salo

2009

Decision Analysis

View full text Add to dashboard Cite

A key decision in infrastructure management is the allocation of resources to maintenance activities that consist of periodic rehabilitation actions and routine day-to-day operations. These activities improve the quality of different assets and operations. They also differ in terms of their objectives, costs, and life-cycle characteristics; yet they all impact the same infrastructure system and compete for resources from the same budget. To support the allocation of resources to these activities, we present a generic resource allocation model that we developed for the Finnish Road Administration (Finnra) by building and interlinking (i) a preference model, which yields the aggregate value of maintenance activities by applying multiattribute value functions to the quality distributions of assets; (ii) a life-cycle model, which captures the deterioration-improvement dynamics associated with the maintenance activities; and (iii) an optimization model, which generates funding recommendations for maximizing the aggregate long-term value of maintenance investments. The optimization results were explored in facilitated workshops where "on-the-fly" computations gave senior managers insights into how the recommendations depended on preferences and budget levels. The case study was awarded for an outstanding achievement in Finnra's research program, and it was also recognized as a Finalist for the Decision Analysis Society Practice Award in 2007.

show abstract

Need-Based Project Prioritization: Alternative to Cost-Benefit Analysis

Cited by 38 publications

References 4 publications

Evaluating the outcomes associated with an innovative change in a state-level transportation project prioritization process: A case study of Vermont

Evaluating the outcomes associated with an innovative change in a state-level transportation project prioritization process: A case study of Vermont

The Evaluation of Investment Projects Within the Territory of Development

Combining a Multiattribute Value Function with an Optimization Model: An Application to Dynamic Resource Allocation for Infrastructure Maintenance

Contact Info

Product

Resources

About