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The first step in assessing demand is to estimate baseline traffic flows, or Q 1, in figure 10.1. The baseline data provides the basi...
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The approach also goes beyond sensitivity analysis and switching values for assessing risk. The former estimates how sensitive project ...
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To the extent that transport projects produce public goods, the beneficiaries either cannot or should not be charged directly by the go...
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Savings in VOC are the most easily measurable and frequently the most important benefit from transport projects. Such savings usually...
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Sometimes a project consists of several interrelated subprojects or components. When the components are independent, each component...
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Public intervention to reduce poverty may be justified on ethical and political grounds. Even in the idealized Arrow-Debreu world, Pare... -
Most transportation projects generate environmental externalities. Roads, in particular, have sizable direct or indirect environmental ... -
A project’s net stream of benefits and, hence, its NPV, is based on the assumption that the project functions as designed. The extent t...
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Sometimes an entity uses resources for a project without paying for them. For example, a factory may emit soot into the air, dirtyi...
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Throughout the project cycle, from identification through appraisal, considering alternatives is one of the most important steps in...
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