Measures of Effectiveness for Major Investment Studies, Issues 96-467101
Southwest Region University Transportation Center, Texas Transportation Institute, 1996 - Transportation - 78 pages
This report examines measures of effectiveness that can be used to compare the benefits and impacts of transportation improvements for a major investment study. A literature review was used to gather information about transportation performance measures and the social, economic and environmental effects of transportation. All metropolitan planning organizations within the state of Texas were surveyed to determine the state-of-the- practice for major investment studies within the state. A list of candidate measures of effectiveness for major investment studies was developed, and various judging criteria were used to qualitatively evaluate the measures. Preferred measures of effectiveness were identified that quantify the following benefits or impacts of transportation improvements: transportation performance, financial/economic performance, social impacts, land use/economic development impacts, and environmental impacts. Preferred transportation performance measures consisted mainly of person movement and travel time-based measures. Financial/economic performance measures centered around the cost effectiveness (benefit-to-cost ratio) and the financial feasibility, and considered the full costs (including externalities, or cost not borne by motorists) of transportation. Social, land use/economic development, and environmental impacts were identified, and coincided with those concerns most often expressed by citizen or community advocacy groups. Findings from the study illustrated the importance of matching the appropriate evaluation measures to the goals and objectives set forth early in the major investment study process.
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CHAPTER IH FINDINGS
CONCLUSIONS AND RECOMMENDATIONS
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0.5 Suitable 0.5=meets basic accessibility agencies Assessment of Measures benefits comparisons corridor or subarea diffielt economic Effectiveness for Major emissions environmental impacts evaluation criteria Evaluation of Alternatives facilities federal Federal Transit Administration FHWA FHWA/FTA regulations financial/economic performance freeway frontage roads general-purpose lanes goals high-occupancy vehicle Highway HOV lanes Ideal for multimodal identified impacts of transportation ISTEA light rail locally preferred alternative Major Investment Studies Measures of Effectiveness Meets basic requiremests Metropolitan Planning Organization metropolitan transportation planning MIS process mobility multimodal alternatives multimodal comparisoe Ideal multimodal transportation NEPA process noise number of displaced Option II MIS person movement person-miles of travel preferred MOEs public involvement Qualitative Assessment quantify ratio Relativelp easp roadway Rpge social impact state-of-the-practice review strategies Table A-l Texas Texas Transportation Institute traffic transit transportation alternatives transportation demand management transportation improvement transportation investments transportation planning process transportation projects transportation systems Trinity Parkway Trinity River vehicle