With increasing demand for a more efficient transportation system and decreasing budget levels, transportation investment decision-making that aims to select the optimal project portfolio which yields maximized overall networkwide benefits in terms of economy, society and environment has increasingly become important. This book has conducted an in-depth investigation into project evaluation and project selection that are crucial steps of transportation decision-making. For project evaluation, a life-cycle cost analysis approach incorporated with risk and uncertainty considerations is...
With increasing demand for a more efficient transportation system and decreasing budget levels, transportation investment decision-making that aims to...