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- W1988269622 abstract "Cost benefit analysis assumes that the data used can be defined precisely, dynamic uncertainties are not accounted for, furthermore no evaluation is made of the financial risk or the range of possible revbenue figures. The author uses Monte Carlo analysis method to produce a theoretical model evaluating the net revenue as a stochastic random variable, showing that the probability distribution for net revenue is not a normal distribution. An example is given of the use of the method to determine the feasibility of offering a bus service to students who daily commute more than 30 miles to a large university. Although the model is costly and difficult to develop, only minor adjustments are required to use it on similar problems within the same area. It has the advantage that results are presented in a form that is easily understood. (TRRL)" @default.
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- W1988269622 date "1979-01-01" @default.
- W1988269622 modified "2023-10-17" @default.
- W1988269622 title "The cost/benefit analysis: it can be a misleading tool for transportation planners" @default.
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- W1988269622 doi "https://doi.org/10.1080/03081067908717163" @default.
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