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Highway Cost Index Estimator Tool
| 题名： | Highway Cost Index Estimator Tool |
| 作者： | Huntsman, B.; Glover, B.; Huseynov, S.; Wang, T.; Kuzio, J. |
| 关键词： | Texas Highway Costs Index (HCI)##Infrastructure revenues##Estimator Tool##Highway construction materials##Methodology##Literature analysis##Texas Department of Transportation (TxDOT)## |
| 摘要： | The purpose of this tool is to analyze existing construction item cost information provided by Texas Department of Transportation (TxDOT) to estimate a future Texas Highway Costs Index (HCI). The resulting model will allow for the adjustment of funding forecasts to possible future purchasing power, which in turn, will bolster revenue forecasting. To meet these goals, researchers completed the following objectives: (1) Examine existing cost indices and how they are used in the highway construction industry. (2) Identify and collect data used in creation of the Texas HCI. (3) Build an understanding of how the HCI is calculated through the input variables. (4) Collect and examine existing literature on existing models that attempt to forecast other highway construction indices. (5) Create a methodology for using existing data to predict future HCI. (6) Create a tool that allows users to adjust inputs based on industry knowledge. (7) Incorporate limits for risk analysis. The tool will allow users to estimate a future HCI number based on their knowledge of trends in the current market. It also allows the user to run what-if scenarios that can result in a range of possible outcomes. Using the estimated HCI, policy makers can approximate changes in the purchasing power of revenue slated for highway construction or maintenance. Additionally, changes to project costs can be taken into consideration. Knowing how much construction a dollar will buy under the estimated scenario could allow for better planning and allocation of future infrastructure revenues. |
| 总页数： | 27 |
| 报告类型： | 科技报告 |
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