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Accidents > Economics > Economic Evaluation
Economic Evaluation
Data is needed for the AM Peak, OFF Peak, and PM Peak hours.
All peaks must be modeled to get their delays and build this up into a daily value.
The 16- or 24-hour day is derived by summing the AM and PM results with a number of off peak hours (typically 14).
The input Delay Cost is the economic Value of Time.
The proportion of accident types is needed to divide injury accidents into fatal, incapacitating and non-incapacitating accidents. The cost of each accident type is needed to find costs by type and total accident cost.
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