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The benefit-cost analysis tool developed by Caltrans is under consideration for enhancement particularly in integrating key components such as Equity, Climate Factors and Active Transportation. This issue focuses on the initial work identified after receiving the request from Transportation Economics Branch at Caltrans to upgrade and update the current model. A list of 13 changes has been identified with varying timeframes for implementation, of which DDS has prioritized a few for immediate attention. This issue will capture work updates, along with identified research questions that arise during the process of integrating the new data sources.
Task and Responsibilities
Tidying the data structure
Move parameter tables onto different sheets for easier updates.
Create new parameter sheet for each metric.
Refer rest of the documents/ calculations to the new tidier parameter sheets and hide those.
Maintain the parameters summary sheet for ease of review.
Refer parameter sheets to the individual metric sheets.
Updating emissions parameters
Include New Emission Parameters
Review CARB guidance and reach out to CARB to get the latest emission data.
Review previous data update process and duplicate the data updating example.
Make Updates to Emission sheet
Find dollar value of CH4 and N2O.
Edit name manager to include new emission columns.
Add new columns for CH4 and N2O data processing to Emission sheet.
Standardizing safety metrics
Review Current Monetization and Safety Benefit Framework
Review current monetization and safety benefit calculations.
Update previous relevant data using the latest data.
Integrate New Data Sources for Crash Cost Estimation
Apply crash parameters by severity following KABCO scale as used by USDOT BCA guidelines.
Use USDOT Value of Statistical Life (VSL) baseline costs to determine crash costs after incorporating the probability of multiple injuries in the cost of a crash.
Summary
The benefit-cost analysis tool developed by Caltrans is under consideration for enhancement particularly in integrating key components such as Equity, Climate Factors and Active Transportation. This issue focuses on the initial work identified after receiving the request from Transportation Economics Branch at Caltrans to upgrade and update the current model. A list of 13 changes has been identified with varying timeframes for implementation, of which DDS has prioritized a few for immediate attention. This issue will capture work updates, along with identified research questions that arise during the process of integrating the new data sources.
Task and Responsibilities
Tidying the data structure
Updating emissions parameters
Standardizing safety metrics
Incorporating “welfare weights”
Issues
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