Twenty-one sources of error and bias in the appraisal of transport projects are identified. These relate to objectives, definitions, data, models and evaluation conventions. Objectives may be unclear, incompletely specified or inconsistent with appraisal criteria. Definitions of study areas and scheme options for testing may bias the outcome. There are multifarious sources of data and model error. Double counting, inappropriate values, and failure to balance quantified and non-quantified items can all affect the evaluation. We suggest that there is a systematic tendency to a mega-error—that of appraisal optimism. Three antidotes to this condition are briefly suggested
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
This dissertation has examined if cognitive biases have had an impact on the accuracy and reliabilit...
The Supplementary Green Book Guidance on Optimism Bias (HM Treasury 2003) with reference to the Revi...
The UK Treasury (HM Treasury) has noted there is a demonstrated, systematic, tendency for project ap...
This paper is concerned with project level outcomes of 10 large transport projects spread over eight...
There is an increased interest in applying meta-analysis techniques in transport studies to understa...
This paper is concerned with project level outcomes of 10 large transport projects spread over eight...
Many empirical studies suggest that the realized values of highest-ranked decision alternatives tend...
Many empirical studies suggest that the realized values of highest-ranked decision alternatives tend...
Appraisal in the transport sector has a history extending back around 60 years, in terms of applicat...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Travel demand forecasts play a crucial role in the preparation of decision support to policy makers ...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
This dissertation has examined if cognitive biases have had an impact on the accuracy and reliabilit...
The Supplementary Green Book Guidance on Optimism Bias (HM Treasury 2003) with reference to the Revi...
The UK Treasury (HM Treasury) has noted there is a demonstrated, systematic, tendency for project ap...
This paper is concerned with project level outcomes of 10 large transport projects spread over eight...
There is an increased interest in applying meta-analysis techniques in transport studies to understa...
This paper is concerned with project level outcomes of 10 large transport projects spread over eight...
Many empirical studies suggest that the realized values of highest-ranked decision alternatives tend...
Many empirical studies suggest that the realized values of highest-ranked decision alternatives tend...
Appraisal in the transport sector has a history extending back around 60 years, in terms of applicat...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Travel demand forecasts play a crucial role in the preparation of decision support to policy makers ...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
Based on the results from a questionnaire survey and qualitative interviews among different actors i...
This dissertation has examined if cognitive biases have had an impact on the accuracy and reliabilit...