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MODULE 11. ECONOMIC ANALYSIS - UNT

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Manual TABLE OF CONTENTSModule 11. TABLE OF CONTENTS11-1MODULE 11. ECONOMIC ANALYSISTABLE OF AND GOALS AND OF SYSTEM OF ESTIMATING COSTS AND of of Cost of of Benefit OF LIFE CYCLE COST SYSTEM OF SYSTEM BENEFITS TO LIFE-CYCLE Present and Incremental Benefit-Cost TABLE OF CONTENTSModule 11. TABLE OF CONTENTS11-2Sensitivity 4 TABLE OF CONTENTSModule 11. TABLE OF CONTENTS11-3Figure 11-1. An ECONOMIC ANALYSIS Has Many 11. ECONOMIC INTRODUCTIONSince freeway management systems aredesigned, constructed, and operated andmaintained with public funding, it is criticalthat ECONOMIC analyses are conducted toensure that public funds are spent addition to being used to determine whichalternative system offers the most potential, ECONOMIC analyses serve to justify the cost-effectiveness of system installations toelected officials who oversee public funding,as well as to the public whom these electedofficials serve.

MODULE 11. ECONOMIC ANALYSIS 11.1 INTRODUCTION Since freeway management systems are de signed, constructed, and operated and maintained with public funding, it is critica l that economic analyses are conducted to ensure that pub lic funds are spent prudently. In addition to being use d to determine which alternative system offers the most ...

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