Subject Code:    CE6L452 Subject Name:    Economic Evaluation of Transportation System  L-T-P: 3-0-0 Credit:03
Pre-requisite(s): None
Concept of demand, Elasticity of demand, Supply of transport, demand-supply interaction, Public Policy, Travel demand and value of time, Willingness-to-pay, valuation of user’s benefit and optimal transport pricing policy,  Appraisal and Economic Evaluation of Transportation Projects, Case Studies, Economic evaluation of highway projects in India, Road-users’ cost study in India-Objectives and Methodology, Application of HDM Software, Behavioural aspect of transportation planning: Basics of travel behaviour analysis, stated and revealed preference data, experimental design, travel behaviour survey, binary, multinomial, nested logit model, maximum likelihood, case studies on choice modelling and estimation of value of travel attribute .

Reference Books:
  1. Studies in the economics of transportation by Beckmann et al.
  2. Applied Transport Economics by Stuart Cole
  3. McCarthy, P. Transportation Economics, Blackwell Publishers
  4. Transportation Decision Making: Principles of Project Evaluation and Programming, Wiley, by Kumares C. Sinha, Samuel Labi,
  5. C. Jotin Khisty, B. Kent Lall, Transportation Engineering: An Introduction, Prentice Hall.
  6. Indian Roads Congress, “Manual for Road Investment Decision Model”, Special Publication 38, New Delhi.
  7. Indian Roads Congress, “Manual on Economic Analysis of Highway Projects”, Special Publication 30, New Delhi. Revised version.
  8. John Hibbs, Transport Economics & Policy: A Practical Analysis of Performance, Efficiency and Marketing Objectives Kogan Page,.
  9. Economics of Urban Transport by Kenneth A Small and Erik T Verhoef
  10. Principles of Traffic and Highway Engineering by Garber and Hoel
  11. Economic Evaluation of highway projects in India-IRC
  12. Road Users cost study in India  - IRC
  13. Swait, Louviere and Hensher, Stated Preference Methods
  14. Moshe Ben Akiva, Discrete Choice Analysis: Theory and Analysis to Travel Demand
  15. Applied choice analysis: A Primer by David Hensher and Willium Greeene
  16. Discrete choice methods with simulation- by Kenneth Train
  17. HDM Software and manuals
  18. LIMDEP with NLOGIT Software and manual
  19. ALOGIT Software and manual
  20. NGENE Software