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Laird, JJ; Marsden, G; Shires, JD (2014)
Publisher: Universities' Transport Study Group
Languages: English
Types: Other
Subjects:
This paper asks if standard decision-making tools and logics can be applied to disruptive events. In particular we explore whether user costs/benefits are likely to be truly representative of the costs/benefits experienced during periods of disruption, and therefore whether cost benefit analysis methods are appropriate for the assessment of policies/interventions that ameliorate the impacts of disruptions. We conclude that the unique economic characteristics of disruptive events requires a more complete evaluation framework than would usually be employed for the assessment of infrastructure impacts.

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