course-details-portlet

TBA4315 - Economics of Transport Infrastructure

About

Examination arrangement

Examination arrangement: Written examination and Work
Grade: Letters

Evaluation Weighting Duration Grade deviation Examination aids
Skriftlig eksamen 75/100 4 timer
Arbeider 25/100

Course content

Basics of transport economics and Cost/benefit analysis of transport infrastructure investments. Monetized impacts and assessment of effects. Estimation of costs under uncertainty. The relationship between construction, maintenance and operation costs. Estimating infrastructure capital. Optimization and Life cycle costs, LCC. Value Engineering.

Learning outcome

Knowledge; students will gain knowledge of
- Central concepts in Benefit/Cost Analysis (BCA) and economic analysis and application in the transport sector.
- Methodology for cost estimation under uncertainty, method, process and application
- Monetized consequences and impact calculations / output
- The calculation methodology for Life Cycle Cost Analysis (LCCA)
- Value engineering (VE), method, process and utility.

Skills; students will gain skills to
- Constructing demand-supply graphs and do interpretations of these
- Setting up the demand function for a market and understand this
- Make simple Benefit Cost Analysis (BCA) and know how this can be applied
- Calculating cost estimates under uncertainty; expected cost, variance and standard deviation
- Interpreting probability curves for cost estimates and uncertainty profiles in relation to the acceptance criteria
- Determine the primary and secondary functions of a project and an element (part of Value Engineering)
- Construct flow diagram for the functional analysis (Why-why / how-how-to chart) in VE
- Setting up a simple matrix analysis for ranking the ideas / alternative (VE).

General competence; students will
- Understand the basic concepts and theory in economics
- Understand the various steps in a stepwise process for estimating project costs under uncertainty
- Understand the various steps in a Value Engineering analysis, and understand how to use a VE process as a QA-tool for a project.

Learning methods and activities

Lectures, excursions and exercises. The course will be given in English if students not speaking Norwegian are attending.

If there is a re-sit examination, the examination form may be changed from written to oral.

Compulsory assignments

  • Exercises

Course materials

Compendium, guidelines and computer programs.

More on the course

No

Facts

Version: 1
Credits:  7.5 SP
Study level: Second degree level

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2012

Language of instruction: English, Norwegian

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Subject area(s)
  • Transportation Engineering
  • Technological subjects
  • Road and Transport Engineering
  • Highway Engineering
  • Economics
Contact information
Course coordinator:
  • James Odeck
Lecturer(s):

Department with academic responsibility

Examination

Examination arrangement: Written examination and Work

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD Skriftlig eksamen 75/100 2012-12-12 09:00
Room Building Number of candidates
Autumn ORD Arbeider 25/100
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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