Title: Evaluating road safety measures: analyzing differences between socio-economic evaluation methods in terms of effects included, basic assumptions, aims and goals
Authors: Van Malderen, Frederiek
Macharis, Cathy
De Brucker, Klaas
Van Raemdonck, Koen
Issue Date: 13-Jul-2010
Host Document: General Proceedings of the 12th World Conference on Transport Research Society (WCTRS) pages:G1-01271-1-G1-01271-18
Conference: World Conference on Transport Research edition:12th location:Lisbon date:11-15 July 2010
Abstract: Appropriate measures need to be taken in order to reduce the number of victims on our roads. To select these road safety measures, it is preferable to use socio-economic evaluation methods with a multi-objective approach such as social cost benefit analysis and multi-actor) multi-criteria analysis. Considering the limited budgets available to society and government, the most appropriate measures can be chosen using this kind of assessment tools. In this contribution, the basic assumptions, aims and goals, as well as the main advantages and disadvantages of different evaluation methods are presented. Next, the differences in terms of effects included and outputs obtained are analyzed for the cost-effectiveness analysis, the social cost-benefit analysis and the (multi-actor) multi-criteria analysis, using a case study. The fact that multiple methodologies (yielding multiple outcomes) are available might perhaps confuse the decision maker a little bit in selecting the most appropriate measure. The main recommendation of this paper is the need to develop a decision tree in order to select the most appropriate evaluation method.
Publication status: published
KU Leuven publication type: IC
Appears in Collections:Department of ECON-CEDON, Campus Brussels
Research Centre for Economics and Corporate Sustainability, Campus Brussels
Faculty of Economics and Business (FEB) - miscellaneous

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