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Intelligent Transportation Systems: Capturing the socio-economic value of uncertain and flexible investments
Uppsala University, Disciplinary Domain of Science and Technology, Technology, Department of Engineering Sciences, Industrial Engineering & Management.
Uppsala University, Disciplinary Domain of Science and Technology, Technology, Department of Engineering Sciences, Industrial Engineering & Management.
2017 (English)Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The aim of this study is to evaluate an alternative socio-economical valuation method (i.e., Hybrid Real Options, HRO) to the traditional benefit cost method (CBA) for the evaluation of investments within Intelligent Transportation Systems (ITS). The proposed alternative method will be evaluated by the use of a case study where it is applied and compared to the results of the traditional method. The case study evaluates the socio-economical effects of an investment in Variable Speed Limits along a section of the motorway E18. The results of the study shows that the choice of evaluation methods affects both the investment strategy and the estimated socio-economical benefits of the investment. Using the HRO method yields twice as high socio-economical benefits compared to the CBA method. The main reason for this being that HRO account for risk and uncertainties wheras CBA only accounts for the most probable outcome of the investment. The choice of method is a complex task that involves many stakeholders however a more critical approach to the choice of socio-economical evaluation method is advocated based on the results of this study.

Place, publisher, year, edition, pages
2017. , p. 81
Series
UPTEC STS, ISSN 1650-8319 ; 16042
Keywords [en]
ITS, Intelligent Transportation systems, Benefit Cost Analysis, Hybrid Real Options
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:uu:diva-322388OAI: oai:DiVA.org:uu-322388DiVA, id: diva2:1097026
External cooperation
Ericsson
Educational program
Systems in Technology and Society Programme
Supervisors
Examiners
Available from: 2017-05-22 Created: 2017-05-21 Last updated: 2017-05-22Bibliographically approved

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
More languages
Output format
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