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Published byAdi Widjaja Modified over 5 years ago
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Effect of Crashes on Traffic Congestion and Travel Reliability
Notes: Cambridge Systematics study shows that the costs of traffic crashes is nearly two and half times the cost of congestion – $164.2 billion for traffic crashes and $67.6 billion for congestion
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Economic cost of crashes
value of life (FHWA Iowa division memo): $5.8million? Iowa uses: “You'll see that we've sold out...errrrrr...begun to use the Federal numbers in our B/C analyses for TSIP (and probably other things).” MDP “For SICL, DOT uses 200, 100, 10, 1 and not actual $$$. PDO for SICL is included via frequency and rate so thus no need to replicate via severity index.” MDP
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