Journal article

Prioritizing road extension projects with interdependent benefits under time constraint

Saeed Asadi Bagloee, Mohsen Asadi

TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE | PERGAMON-ELSEVIER SCIENCE LTD | Published : 2015

Abstract

Since transportation projects are costly and resources are limited, prioritizing or sequencing the projects is imperative. This study was inspired by a client who asked: "I have tens of approved road extension projects, but my financial resources are limited. I cannot construct all the projects simultaneously, so can you help me prioritize my projects?" To address this question, the benefits and costs of all the possible scenarios must be known. However, the impacts (or benefit) of road extension projects are highly interdependent, and in sizable cases cannot be specified thoroughly. We demonstrate that the problem is analogous to the Traveling Salesman Problem (TSP). Dynamic change in trave..

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