Abstract The elements of benefit-cost analysis were identified. A determination was made as to the extent of availability of information needed for application to highway traffic accident loss reduction measures. It was found that important information is currently not being sufficiently quantifiable, in addition to considerable uncertainty of the quantifiable information available. Most important are the lack of: an adequate measure of injury severity reduction; measures of non-economic losses; and any knowledge of the time preference for life saving and injury reduction. It was concluded that performing benefit-cost analyses can provide useful insights to aid decision making, but that to rely on benefit-cost ratios or similar summary results is likely to be misleading
A critical appraisal of the applicability of benefit-cost analysis to highway traffic safety
Accident Analysis and Prevention ; 7 , 2 ; 133-153
30.10.1974
21 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Cost Benefit Basis of Highway Investment Appraisal and Road Pricing
British Library Conference Proceedings | 1994
|Cost-benefit analysis of road safety measures: applicability and controversies
Online Contents | 2001
|Implementing Highway Safety Manual Life-Cycle Benefit–Cost Analysis of Safety Improvements
Transportation Research Record | 2017
|Incomplete cost – incomplete benefit analysis in transport appraisal
Taylor & Francis Verlag | 2018
|Cost-Benefit Highway Pavement Maintenance
Online Contents | 2001
|