Life-Cycle Benefit–Cost Analysis Framework for Ramp-Metering Deployments:

The primary objectives of ramp metering are to reduce congestion on freeways by restricting the total flow entering the freeway and to discourage short-distance travelers from using the freeway. Life-cycle cost analysis of ramp-metering deployments has received attention in particular for identifying the strategy with the lowest cost. However, increasing concerns over the effects of congestion on the environment and increasing rates of accidents are urging decision makers to consider the environmental and social effects of ramp-metering deployments in addition to agency costs. This paper presents a high-level benefit–cost analysis framework for ramp-metering deployments. The framework was constructed in consideration of the triple bottom line of sustainability (i.e., economic, environmental, and social factors). More specifically, the framework is made up of four main components: (a) life-cycle cost analysis, (b) analysis of benefits achieved through travel time savings, (c) analysis of benefits achieved ...