Research Article
Nov 1976
Optimizing Economic Return on Highway Investment
Publication: Transportation Engineering Journal of ASCE
Volume 102, Issue 4
Abstract
Methodology currently in use for economic analysis of highways does not readily lend itself to formulation of an optimal program. Benefit/cost ratios or rates of return are meaningful only in comparison with a specific mutually exclusive alternative. Use of the net present value method and dynamic programming permits selection of the combination of projects and alternatives that will provide the maximum economic benefit, given a limitation on the amount of investment capital. This method also permits an analyst to identify that level of total investment for highways beyond which marginal returns tend to diminish.
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Published In
Transportation Engineering Journal of ASCE
Volume 102 • Issue 4 • November 1976
Pages: 665 - 672
Copyright
© 1976 American Society of Civil Engineers.
History
Published in print: Nov 1976
Published online: Feb 5, 2021
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Authors
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Robert L. Carstens, F.ASCE
Prof., Dept. of Civ. Engrg., Iowa State Univ., Ames, Iowa
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.