Accident blackspot ranking criteria in practice, based on accident counts and rates, have deficiencies. A method is formulated here to prioritize the high-risk zones based on an economic criterion for improvements. Stated choice method (SCM) is adopted to find out people’s willingness to pay (WTP) to reduce the probability of being a victim in a road accident. Cost of fatality and injury accidents is arrived through this WTP method. After getting the cost of various severity levels, they are clubbed together according to the severity distribution to calculate cost of different categories of accidents. Total financial impact by a particular blackspot is arrived at by aggregating these values with the number of different category of accidents at that spot, and based on these cost, criteria blackspots are prioritized for safety improvement works. It is anticipated that this study will fill the gaps of the traditional criterion for blackspot ranking.
Ranking of Accident Blackspots Based on Economic Value Using Willingness to Pay Approach
Lecture Notes in Civil Engineering
Conference of Transportation Research Group of India ; 2021 December 14, 2021 - December 17, 2021
Proceedings of the Sixth International Conference of Transportation Research Group of India ; Chapter : 12 ; 153-172
2022-09-19
20 pages
Article/Chapter (Book)
Electronic Resource
English
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