TRANSPORT INVESTMENT ANALYSIS
17-19 February 1999
Venue: University House, University of Leeds
This course aims to outline the principles of investment appraisal
based on both financial appraisal and cost-benefit analysis. It
studies a number of practical case studies of road and rail appraisal
in Britain. Participants are encouraged to bring case study material
of investment appraisal in their own organisations to the course.
The programme will be as follows:
Wednesday 17 February
- Introduction. Principles of project appraisal; financial appraisal
and cost-benefit analysis
- Capital budgeting. Acceptance tests, choice between alternatives,
capital rationing, deferment; examples class
- Financing transport projects; the effects of alternative financing
media in appraisal; purchase and lease finance
Thursday 18 February
- Valuation of costs and benefits (1). Willingness to pay methods
(revealed and stated preference). Valuation of travel time benefits
- Valuation of costs and benefits (2). Human capital, costs of
replacement/mitigation and other methods. Applications to safety and
environmental impacts
- Allowing for risk and uncertainty in transport appraisal
- Framework approaches and multi-criteria methods; the package
approach
- Road project appraisal case study
Friday 19 February
- Public transport project appraisal; commercial rail projects
- Public transport project appraisal; social appraisal and the OPRAF
guidelines
- Recent developments in transport apparaisal - the Department's new
approach to appraisal
- Course conclusions
Course fee: £400 (£50 discount applicable to registrations received
by 15 January).
Further enquiries and bookings to Liz Dell
Tel: +44(0)113 233 5327/6653,
Fax: +44(0)113 233 5334,
Email: [log in to unmask]
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