Transport infrastructure project evaluation using cost-benefit analysis

被引:76
|
作者
Jones, Heather [1 ]
Moura, Filipe [1 ]
Domingos, Tiago [2 ]
机构
[1] Univ Lisbon, Inst Super Tecn, Dept Civil Engn & Architecture, CESUR,Ctr Urban & Reg Syst, P-1049001 Lisbon, Portugal
[2] Univ Lisbon, Ctr Innovat Technol & Policy Res, Inst Super Tecn, Dept Mech Engn, Lisbon, Portugal
关键词
Cost benefit analysis; transport infrastructure; decision making; residual value; HIGH-SPEED RAIL; INTERREGIONAL EQUITY; IMPACT; UNCERTAINTY; EFFICIENCY; PRECISION; ACCURACY; MODELS; LIFE;
D O I
10.1016/j.sbspro.2014.01.073
中图分类号
U [交通运输];
学科分类号
08 ; 0823 ;
摘要
The advent of megaprojects is exacerbating the need for a comprehensive tool for decision making. Financial resources are scarce and cost-benefit analysis (C BA) can help decision makers select the most efficient allocation of these resources. This paper addresses CBA as an evaluation tool and its major weaknesses. We conclude that the treatment of residual value (RV) is inadequate and needs further research. RV represents the value of the infrastructure at the end of its project lifetime and the value that the asset generates over time. The current methods for calculating RV do not properly reflect the true value. (C) 2013 The Authors. Published by Elsevier Ltd.
引用
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页码:400 / 409
页数:10
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