Improvements to urban transportation in terms of user service, environmental effects and cost efficiency can be achieved through careful planning and application of intelligent transportation systems (ITS). Since public and/or public–private joint venture funds are used as investments in these systems and the results cannot be predicted with certainty, it is prudent to subject such investments to risk analysis. This study reports a methodological framework for the risk analysis of ITS applications in urban transportation with focus on public transit. The role of advanced technology in shaping public transit systems at the strategic, tactical and operational levels is acknowledged. Evaluation and capital budgeting methodological improvements, particularly risk analysis, are described for ITS capital investment socio-economic analysis. Bayesian and Monte Carlo simulation approaches are illustrated for assessing risk in ITS investments, including feasibility of additional information acquisition in order to enhance knowledge of uncertain factors.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    Risk analysis of intelligent transportation system investments


    Contributors:
    Khan, A.M. (author)

    Published in:

    Publication date :

    2009-12-01


    Size :

    11 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English




    Transportation Investments and Urban Form

    Forkenbrock, David J. | Online Contents | 2002


    Transportation policy and road investments

    Sandberg Hanssen, Thor-Erik | Online Contents | 2015


    Transportation Investments and Urban Form

    Forkenbrock, D. J. / Transportation Research Board | British Library Conference Proceedings | 2002


    Transportation Investments and Urban Form

    Forkenbrock, David J. | Transportation Research Record | 2002


    Putting Transportation Investments in Context

    Gordon, Cameron | Online Contents | 1997