Published: February 2016 | Category: Research & reports , Research programme , Performance monitoring , Activity management , Natural hazard risk management , Safety, security and public health , Environmental impacts of land transport , Transport demand management , Integrated land use and transport systems , Sustainable land transport , About the research programme , Economic development | Audience: General
The purpose of this research was to consider a cost–benefit analysis framework for public policy development that takes account of the potentially distinctive costs and benefits of intelligent transport systems (ITS) projects.
Since ITS projects involve new technology it is likely that some of the benefits are not identified and quantified by the current New Zealand transport project evaluation procedures contained in the Economic evaluation manual (EEM). The objective of this research was therefore to explore the full range of common ITS project benefits and assess if they can be evaluated using the existing EEM procedures.
Keywords: benefits, costs, economics, incident detection, intelligent transport systems, real-time passenger information systems, route guidance.