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SHRP 2 L35 [Completed]

Local Methods for Modeling, Economic Evaluation, Justification and Use of the Value of Travel Time Reliability in Transportation Decision Making

  Project Data
Funds: $800,000
Research Agency: L35A- University of Arizona/Portland Metro; L35B- University of Maryland/Maryland State Highway Administration
Principal Investigator: L35A- Yi-Chang Chiu, UAZ; L35B- Thomas Jacobs; UMD
Effective Date: 4/29/2013

Products
(Project Number)
Impact on Practice
Product Status
LOCAL METHODS FOR MODELING, ECONOMIC EVALUATION, JUSTIFICATION AND USE OF THE VALUE OF TRAVEL TIME RELIABILITY IN TRANSPORTATION DECISION MAKING (L35)

A final report on the step-by-step process used to develop, justify, apply, and assess the use of the value of travel time reliability in project evaluation and decision processes.
This project will build support for investments in operations thru pilot testing a reliability performance metric or an economic value of travel time reliability and incorporating it into the analysis of investment alternatives at an agency level. As a result, this project will shed light on how potential investments in operations may be undervalued.
The project is slated for completion by summer of 2014 with a final report due in the fall of 2014

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