Cost-benefit analysis baseline
Phase II requires a cost-benefit analysis. What is the expected comparison baseline: (a) no advisory system at all, (b) existing legacy traffic management without AI/V2X integration, or (c) competing edge-AI systems already in market? What units does DOT prefer for the analysis (delay reduction, fuel savings, emissions, monetized benefits)?
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Andrew McMillin
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Du, Lili
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There are no preferred baselines or units. Proposers are encouraged to propose and adopt most proper benefit-cost analysis to determine if it is a sound investment and 2) see how it compares with alternate projects including doing nothing. The proposer may refer to this reference:https://ops.fhwa.dot.gov/plan4ops/focus_areas/analysis_p_measure/benefit_cost_analysis.htm..