Economic Considerations in Transportation System Development and Operations

While many transportation planners and engineers feel unfamiliar with economic principles, their daily job duties frequently involve economic decisions. While these decision processes may regularly be informal, emerging via engineering judgment or rules of thumb, they are rooted in economic considerations and consequences. The Transportation Economics Reference serves as a comprehensive and concise guidebook for practitioners to appreciate the economic implications of their work and assess such impacts when making transportation investment, policy, and maintenance decisions. In addition to introducing key terms and concepts, the Reference presents a wide variety of evaluation and analysis tools to help transportation professionals address fundamentally complex questions with more confidence, particularly under resource constraints.