Syllabus

Module I: Introduction to Estimating Transportation Demand and Supply (6 hours)
Overall transportation project development, Budgeting, Financial Planning, The process of transportation project development, Models associated with transportation impact evaluation, Procedural framework for transportation systems evaluation, Demand-supply equilibration, Dynamics of transportation demand and supply, Elasticity of travel demand and supply, Classification of elasticity, Consumer surplus, and latent demand.

Module II: Transportation and Vehicle Operating Costs (8 hours)
Classification of transportation costs: Transportation agency costs, Transportation user costs, General structure and behavior of cost functions and road pricing, Vehicle Operating Costs, Road user cost study in India, Components of VOC, Factors affecting VOC, Fuel consumption relationships, Procedural framework for assessing VOC impacts.

Module III: Value of Travel Time Savings and Accident Costs (8 hours)
Categorizations of travel time, The framework for assessing travel time impacts, The economic concept of evaluation of travel time savings, Issues relating to travel time value estimation, The methodology for monetary evaluation of passenger's travel time, Review of work in India on passengers' travel time, Relevance of accident costing for a developing country, Procedural framework for safety impact evaluation, Review of alternative methodologies for accident costing, Certain issues connected with accident costing, Methods for estimating crash reduction factors, Before and after case studies.

Module IV: Economic Evaluation of Transportation Projects (8 hours)
Economic significance of transport, Performance measures in transportation evaluation, Costs and benefits of transport projects, Basic principles of economic evaluation, Elements of engineering economics, Methods of economic evaluation, Benefit-cost ratio method, First-year rate of return, Net present value method, Internal rate of return method, Comparison of the various methods of economic evaluation, Life cycle cost analysis, Case studies, Software packages for economic efficiency analysis.

Module V: Evaluation of Transportation Projects and Programs Using Multiple Criteria (6 hours)
Basic concepts, Single vs. multiple criteria, Evaluation, Decision making and optimization, Steps in multicriteria decision making, Case study: evaluation of metro rail projects using multicriteria, Financial analysis of highway project case study, PPP-based transport project case study.

To enable the students to be able to estimate Transportation Demand and Supply

To enable the students to be able to estimate transportation and Vehicle Operating Costs.

To enable the students to understand the value of time travel savings and accident costs.

To enable students to evaluate Transportation Projects based on various criteria.

CO1: The students will be able to estimate Transportation Demand and Supply.
CO2: The students will be able to learn about transportation and vehicle operating costs.
CO3: The students will be able to understand the value of time travel savings and accident costs.
CO4: The students will be able to evaluate Transportation Projects.
CO5: The students can evaluate Transportation Projects based on various criteria.

P. McCarthy, Transportation Economics, Blackwell

Meyer John Robert Meyer, José A. Gómez-Ibáñez, William B. Tye, and Clifford Winston, Essays in Transportation Economics and Policy, Brookings Institution Press

Kenneth Duncan Boyer, Principles of transportation economics, Addison-Wesley

Kumares C. Sinha, and Samuel Labi, Transportation Decision Making: Principles of Project Evaluation and Programming, Wiley