Transportation Systems Management and Operations Benefit-Cost Analysis Compendium

Abstract

The Transportation Systems Management and Operations (TSMO) Benefit Cost Compendium is a continuation of the series of reference documents and tools developed by the Federal Highway Administration (FHWA) Office of Operations designed to assist planners and operations professionals in evaluating the benefits and costs of Transportation Systems Management and Operations (TSMO) strategies and technologies. The TSMO Compendium is a collection of cases from across the country where benefit-cost analysis (BCA) has been applied to a specific TSMO technology/strategy or group. These actual project evaluations demonstrate the use of custom spreadsheet analysis developed by the agency or its contractors or the application of available software tools to conduct the BCA. The Compendium also includes hypothetical cases designed to demonstrate how BCA can be used for a specific TSMO technology/strategy or group. FHWA has developed a sketch planning BCA tool, called the Tool for Operations Benefit-Cost Analysis (TOPS-BC), for application to TSMO projects. For the hypothetical cases TOPS-BC is used to assist in the measurement of benefits and costs and in the calculation of the benefit-cost ratio. Each case demonstrates how planners have or could in the future conduct a BCA on one or more TSMO technologies or strategies. There are over two dozen cases presented in the Compendium and they cover a wide range of TSMO technologies and strategies where each case addresses one or more specific issues or procedures.

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