Exploring the Role of Cost-Benefit Analysis In the Evaluation of Urban Cycling
Schneider, Grady L.
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This paper provides insight into the evaluation of urban cycling through the use of cost-benefit analysis. After reviewing the literature, no standardized practice of evaluating cycling projects was identified. The goal of the work is to develop a cost benefit analysis, specifically, for the evaluation of public bicycle projects. In preparation for the development of the cost-benefit analysis, an analytical overview of the current literature is conducted. The literature review draws from sources focusing on bicycle policy and the application of cost-benefit analysis on projects which make cities bicycle friendly. The cost-benefit analysis framework that is developed is presented after a review of the cost-benefit analysis process. The framework incorporates several factors of particular importance when discussing the benefits and costs of cycling, and it actively pursues the externalities attributable to cycling. Three other cost-benefit analyses are analyzed, allowing for a comparison of current works. Finally, the paper provides readers with a foundation of best practices for cities to implement when pursuing urban cycling. The paper concludes with the overall conclusions of the paper including a discussion of the bicycle oriented cost-benefit analysis, a critique of the current state of bicycle research and methods of analysis, and ways in which the state of urban cycling can be supported by the research community.