Related papers: How (In)accurate Are Demand Forecasts in Public Wo…
This article presents results from the first statistically significant study of cost escalation in transportation infrastructure projects. Based on a sample of 258 transportation infrastructure projects worth US$90 billion and representing…
Project promoters, forecasters, and managers sometimes object to two things in measuring inaccuracy in travel demand forecasting: (1) using the forecast made at the time of making the decision to build as the basis for measuring inaccuracy…
This article presents results from the first statistically significant study of causes of cost escalation in transport infrastructure projects. The study is based on a sample of 258 rail, bridge, tunnel and road projects worth US$90…
Managing large-scale transportation infrastructure projects is difficult due to frequent misinformation about the costs which results in large cost overruns that often threaten the overall project viability. This paper investigates the…
Risk, including economic risk, is increasingly a concern for public policy and management. The possibility of dealing effectively with risk is hampered, however, by lack of a sound empirical basis for risk assessment and management. The…
The estimation of the amount of uncertainty featured by predictive machine learning models has acquired a great momentum in recent years. Uncertainty estimation provides the user with augmented information about the model's confidence in…
The Economist recently reported that infrastructure spending is the largest it is ever been as a share of world GDP. With $22 trillion in projected investments over the next ten years in emerging economies alone, the magazine calls it the…
The article first describes characteristics of major infrastructure projects. Second, it documents a much neglected topic in economics: that ex ante estimates of costs and benefits are often very different from actual ex post costs and…
The rise in urbanization throughout the United States (US) in recent years has required urban planners and transportation engineers to have greater consideration for the transportation services available to residents of a metropolitan…
Urban transportation systems are vulnerable to congestion, accidents, weather, special events, and other costly delays. Whereas typical policy responses prioritize reduction of delays under normal conditions to improve the efficiency of…
Public transportation systems often suffer from unexpected fluctuations in demand and disruptions, such as mechanical failures and medical emergencies. These fluctuations and disruptions lead to delays and overcrowding, which are…
Robust travel time predictions are of prime importance in managing any transportation infrastructure, and particularly in rail networks where they have major impacts both on traffic regulation and passenger satisfaction. We aim at…
Efficient public transport systems are crucial for sustainable urban development as cities face increasing mobility demands. Yet, many public transport networks struggle to meet diverse user needs due to historical development, urban…
As Public Transport (PT) becomes more dynamic and demand-responsive, it increasingly depends on predictions of transport demand. But how accurate need such predictions be for effective PT operation? We address this question through an…
Big data has been used widely in many areas including the transportation industry. Using various data sources, traffic states can be well estimated and further predicted for improving the overall operation efficiency. Combined with this…
This paper argues, first, that a major problem in the planning of large infrastructure projects is the high level of misinformation about costs and benefits that decision makers face in deciding whether to build, and the high risks such…
For all line-based transit systems like bus, metro and tram, the routes of the lines and the frequencies at which they are operated are determining for the operational performance of the system. However, as transit line planning happens…
Analysis and prediction of network traffic has applications in wide comprehensive set of areas and has newly attracted significant number of studies. Different kinds of experiments are conducted and summarized to identify various problems…
In this paper, we focus on the different traffic flow models that exist in literature. Due to our frequently encountered confusion among traffic engineers and policy makers, this paper goes into more detail about transportation planning…
Ensuring robustness and resilience in intermodal transportation systems is essential for the continuity and reliability of global logistics. These systems are vulnerable to various disruptions, including natural disasters and technical…