Are Longer and Heavier Vehicles (LHVs) Beneficial for Society? A Cost Benefit Analysis to Evaluate their Potential Implementation in Spain

Ortega Hortelano, Alejandro and Vassallo Magro, José Manuel and Guzman Valderrama, Andres Felipe and Pérez-Martínez, P.J. (2014). Are Longer and Heavier Vehicles (LHVs) Beneficial for Society? A Cost Benefit Analysis to Evaluate their Potential Implementation in Spain. "Transport Reviews", v. 34 (n. 2); pp. 150-168. ISSN 0144-1647. https://doi.org/10.1080/01441647.2014.891161.

Description

Title: Are Longer and Heavier Vehicles (LHVs) Beneficial for Society? A Cost Benefit Analysis to Evaluate their Potential Implementation in Spain
Author/s:
  • Ortega Hortelano, Alejandro
  • Vassallo Magro, José Manuel
  • Guzman Valderrama, Andres Felipe
  • Pérez-Martínez, P.J.
Item Type: Article
Título de Revista/Publicación: Transport Reviews
Date: February 2014
ISSN: 0144-1647
Volume: 34
Subjects:
Freetext Keywords: cost benefit analysis, sensitivity analysis, longer and heavier vehicles (LHVs), Spain
Faculty: Centro de Investigación del Transporte (TRANSyT) (UPM)
Department: Ingeniería Civil: Transporte y Territorio
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

In this paper we carry out a thorough review of the current research related to the benefits and costs arising from the implementation of longer and heavier vehicles (LHVs). From this review we concluded that despite the many studies available, little has been said about the sensitivity of the benefits and costs to the ultimate performance of the key variables related to the evolution of the economy, road transport performance, safety, and so on. In order to fill this gap, we have designed a sensitivity approach based on a cost benefit analysis tool to determine which variables demonstrate the greatest influence on the benefits and costs stemming from the implementation of LHVs. In order to test the methodology, we have used it in an analysis of the Spanish trunk network. The results show that the benefits of LHVs for society are significant. Even in the least favorable scenario, the economic benefits are greater than €3500 million over 15 years, and the environment enhanced as well, for CO2 emissions are reduced by 2 Million tonnes. Overall we noted how the results are not very sensitive to the evolution of key variables in determining the final outcome. However, we found that the variables that have the greatest affect on the final benefit, such as traffic growth and social discount rate, depend basically on the performance of the overall economy. Moreover, the private cost for haulers seems to be more important in determining the final benefit than externality costs.

More information

Item ID: 35643
DC Identifier: http://oa.upm.es/35643/
OAI Identifier: oai:oa.upm.es:35643
DOI: 10.1080/01441647.2014.891161
Official URL: http://www.tandfonline.com/doi/full/10.1080/01441647.2014.891161
Deposited by: Memoria Investigacion
Deposited on: 25 May 2017 10:53
Last Modified: 08 Jun 2017 07:29
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