About: Least-cost planning methodology     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatEvaluationMethods, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
QRcode icon
http://dbpedia.demo.openlinksw.com/describe/?url=http%3A%2F%2Fdbpedia.org%2Fresource%2FLeast-cost_planning_methodology

Least-cost planning methodology (LCPM), also referred to as "least-cost planning" (LCP) is a relatively new technique used by economists for making rational decisions about investments in transport and other urban infrastructure projects. Equal footing means that there is no discrimination against some alternatives based on political or ideological factors. There has been a trend in the US towards making LCPM mandatory for regional transport plans. For example, it has been required by Washington State law (RCW 47.80.030) for regional transport plans since July 1, 1994.

AttributesValues
rdf:type
rdfs:label
  • Least-cost planning methodology (en)
rdfs:comment
  • Least-cost planning methodology (LCPM), also referred to as "least-cost planning" (LCP) is a relatively new technique used by economists for making rational decisions about investments in transport and other urban infrastructure projects. Equal footing means that there is no discrimination against some alternatives based on political or ideological factors. There has been a trend in the US towards making LCPM mandatory for regional transport plans. For example, it has been required by Washington State law (RCW 47.80.030) for regional transport plans since July 1, 1994. (en)
dcterms:subject
Wikipage page ID
Wikipage revision ID
Link from a Wikipage to another Wikipage
Link from a Wikipage to an external page
sameAs
has abstract
  • Least-cost planning methodology (LCPM), also referred to as "least-cost planning" (LCP) is a relatively new technique used by economists for making rational decisions about investments in transport and other urban infrastructure projects. It is based on cost–benefit analysis. However, it is more comprehensive in that it looks at not only the total costs and total benefits for an individual project, but it also examines the total costs and benefits for all alternatives or combinations thereof and treats them on an "equal footing." These alternatives include not only construction projects but also demand reduction measures, such as road pricing, developing more walkable neighbourhoods and promoting remote work. Equal footing means that there is no discrimination against some alternatives based on political or ideological factors. LCPM itself is generally more costly than cost–benefit analysis, because of the requirement to study objectively all potential alternatives. However, it can provide large savings to taxpayers because it will do a better job of selecting those projects which maximise benefits while minimising costs. There has been a trend in the US towards making LCPM mandatory for regional transport plans. For example, it has been required by Washington State law (RCW 47.80.030) for regional transport plans since July 1, 1994. (en)
prov:wasDerivedFrom
page length (characters) of wiki page
foaf:isPrimaryTopicOf
is Link from a Wikipage to another Wikipage of
is Wikipage redirect of
is Wikipage disambiguates of
is foaf:primaryTopic of
Faceted Search & Find service v1.17_git139 as of Feb 29 2024


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 08.03.3330 as of Mar 19 2024, on Linux (x86_64-generic-linux-glibc212), Single-Server Edition (378 GB total memory, 60 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software