Risk Analysis of Traffic and Revenue Forecasts for Road Investment Projects
Publication: Journal of Infrastructure Systems
Volume 4, Issue 1
Abstract
In this paper, a simulation model for risk analysis making use of the Monte Carlo technique is devised to incorporate the uncertainty in traffic and revenue forecasts for road investment projects. The risk analysis would give the traffic and revenue forecasts in specified years with a particular probability, or vice versa. These traffic and revenue forecasts and their probability levels will help the authorities or the private sector evaluate road investment projects scientifically and systematically. A case study of the proposed Zhuhai Neilingding Crossing is used to illustrate the application of the risk analysis model. Demand elasticity is also introduced to investigate the effects of different toll charges on traffic demand, together with sensitivity analysis on some of the key variables behind the traffic and revenue forecasts.
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Information & Authors
Information
Published In
Journal of Infrastructure Systems
Volume 4 • Issue 1 • March 1998
Pages: 19 - 27
Copyright
Copyright © 1998 American Society of Civil Engineers.
History
Published online: Mar 1, 1998
Published in print: Mar 1998
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