State of the practice for cost-effectiveness analysis, cost-benefit analysis and resource allocation
- Date : 2012
- Author(s) : Comité technique AIPCR C.2 Exploitation routière plus sûre / PIARC Technical Committee C.2 Safer Road Operations
- Domain(s) : Road Safety
- PIARC Ref. : 2012R24EN
- ISBN : 978-2-84060-291-1
- Number of pages : 102
This report examines the economic analysis techniques applicable to investments to improve road safety, in order to optimize the allocation of available resources.
It presents the basics of project evaluation before detailing the methods of cost-effectiveness and cost-benefit analysis.
The report also discusses the valuation of the cost of road accident casualties and discusses the valuation according to the income level for different countries. It then presents the data needed to assess the impact of measures taken for road safety. The report also includes a literature review of recent studies on the evaluation of the effectiveness of measures. A review of barriers to the use of assessment tools and practices in various countries conclude the report.
Appendices contain the answers to an international survey and case studies of cost-effectiveness analysis and cost-benefit analysis performed in the Netherlands.