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Title:  (SR200 and SR300) NTOC Benefit-Cost Analysis for Operations
Date/Time:  4/4/2012 1:00 PM - 2:30 PM Eastern Time
Description:  Due to an increasingly competitive fiscal environment, state, regional, and local transportation planning organizations around the country are being asked more than ever to justify their programs and expenditures. Transportation System Management and Operations (TSM&O) programs have not escaped this scrutiny and system operators are routinely asked to rank their projects against traditional capacity expansion projects, as well as conduct other value-related exercises. Use of traditional benefit/cost analysis frameworks for assessing operations projects can face numerous challenges, including: - How can new and emerging performance measures (e.g., travel time reliability) be leveraged to provide a more complete picture of the benefits of operations strategies? - How can the benefits of integrating various operations strategies be captured? - What are the benefits of supporting backbone infrastructure (e.g., communications, traffic management centers)? - How can the life-cycle costs of operations strategies be accounted for? - How can the benefits of operations strategies targeted at non-typical or non-recurring conditions be estimated? In response to these challenges, the FHWA Office of Operations launched the "Benefit/Cost Analysis for Operations Desk Reference" project in order to provide enhanced guidance to practitioners on strategies to overcome these unique demands and better estimate benefits that fully capture the impacts of operations strategies. This webinar will provide an overview of the guidance, methods and tools developed as part of the Desk Reference project, as well as provide syntheses of several recently conducted real-world benefit/cost examples including a performance measurement/monitoring effort being conducted in the Ft. Lauderdale region of Florida and the estimation of benefits and costs of a freeway operations system in the Kansas City region. Speakers: Doug Sallman and Daniel Krechmer, Cambridge Systematics; Dong Chen, District 4 (Ft. Lauderdale Region) of the Florida DOT; Jason Sims, Kansas City SCOUT, Missouri DOT
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