By E Bekiaris, Y J Nakanishi
There are precise complexities linked to the industrial valuation of clever Transportation platforms (ITS) and telematics. conventional equipment of quantitative research will not be acceptable in thoroughly and reliably assessing the industrial affects of those applied sciences. even though complicated transportation and comparable applied sciences are being deliberate and deployed at an more and more speedy speed, a number of the applied sciences are nonetheless fairly new, and their use will not be frequent. a lot of the preliminary info and records accrued were anecdotal and feature centred extra on advantages instead of charges. for this reason, problems come up as a result loss of ancient facts and 'lessons realized' from which to attract upon. additionally, in comparison with conventional transportation infrastructure, ITS applied sciences have assorted lifestyles cycles, fee buildings, and a few interrelated parts. This publication addresses those issues and proposes new financial evaluate recommendations in addition to alterations to current ones. integrated are case reviews from a large number of North American, eu, and Asian international locations and significant metropolitan components protecting a variety of ITS applied sciences together with highway administration, digital toll assortment, complicated driving force tips structures, and traveler info structures.
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Additional resources for Economic Impacts of Intelligent Transportation Systems, Volume 8: Innovations and Case Studies (Research in Transportation Economics)
Source: National ITS Architecture Web Document 1. The two Traveler subsystems are Personal Information Access and Remote Traveler Support. The five Field subsystems are Roadway, Toll Collection, Parking Management, Commercial Vehicle Check, and Security Monitoring Subsystems. Finally, the five Vehicle subsystems are Vehicle, Transit Vehicle, Commercial Vehicle, Emergency Vehicle, and Maintenance and Construction Vehicle. (ITS America Web Document 1) Market Packages: Market packages, linked together by architecture flows, group together equipment packages.
The difference between what users (in the aggregate) would have been willing to pay, and what they are required to pay, is called consumer surplus. In economic terms, willingness to pay is defined by a demand curve, which also can be viewed as a marginal benefits curve. When a transportation improvement reduces the users’ cost of a trip between two points (which means a change in the supply/marginal-cost curve), the willingness to pay remains the same, but since users’ perceived cost of travel is less, consumer surplus will increase.
Washington, DC. National ITS Architecture Web Document 1. htm. National ITS Architecture Web Document 2. htm. Lockheed Martin and Odetics ITS Division (1996). ITS Evaluatory Design. Prepared for the FHWA, USDOT. Washington, DC. Mitretek Systems (2003). ITS Benefits and Costs 2003 Update. Prepared for the FHWA, USDOT. Washington, DC. FRAMEWORK FOR AN ECONOMIC EVALUATION OF TRANSPORTATION INVESTMENTS Terry Moore and Randy Pozdena 1. INTRODUCTION For the public to choose investments in Intelligent Transportation Systems (ITS) through its elected and appointed decision makers, it must believe that such investments are better than the alternatives.