A Framework for Economic Evaluation of Highway Development Projects Based on Network-Level Life Cycle Cost Analysis

  • Hassan Ziari Iran University of Science and Technology
  • Hamid Behbahani Iran University of Science and Technology
  • Amir Ali Amini School of Civil Engineering, Iran University of Science and Technology
Keywords: life cycle cost, network-level, project-level, economic evaluation,

Abstract

For economic evaluation of a highway development project, multiple criteria must be considered on a timeframe longer than the project implementation interval and a geographical area larger than the project zone. In this study, a framework is proposed based on the Network-Level Life Cycle Cost Analysis (NL-LCCA) to assess the effect of highway development projects on mobility, safety, economy, environment and other monetizable criteria. In this approach, project impacts are estimated within physical boundaries of highway network over the network life cycle. This framework can be used as a decision-making support for evaluation and ranking of pre-defined development projects, proposing new cost-effective development projects, assessment of cost efficiency of existing highway network and budget allocation optimization.

Author Biographies

Hassan Ziari, Iran University of Science and Technology
Professor, School of Civil Engineering
Hamid Behbahani, Iran University of Science and Technology
Professor, School of Civil Engineering
Amir Ali Amini, School of Civil Engineering, Iran University of Science and Technology
PhD. Candidate, School of Civil Engineering

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Published
2015-03-02
How to Cite
1.
Ziari H, Behbahani H, Amini AA. A Framework for Economic Evaluation of Highway Development Projects Based on Network-Level Life Cycle Cost Analysis. PROMET [Internet]. 2015Mar.2 [cited 2019Sep.21];27(1):59-8. Available from: http://traffic.fpz.hr/index.php/PROMTT/article/view/1553
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Articles