Road Economic Decision Model Software - Basic Steps


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- On all RED workbooks, only enter values on cells that have a yellow background and don't insert or delete rows or columns.

- For a typical RED application, the steps are the following:

1) For a given country, compute unit vehicle operating costs (VOC) and speeds function of roughness using the RED - HDM-III VOC Workbook or the RED - HDM-4 VOC Workbook or any other model, and define cubic polynomials relating unit VOCs and speeds to roughness, which are essential to the use of the RED - MAIN Workbook.

Use the RED - HDM-III VOC Workbook to compute VOCs and speeds for motorized vehicles, following the HDM-III relationships, following the steps below:

a) Enter the country specific vehicle fleet data on the Basic Input Data Worksheet.

b) If necessary, enter the country specific calibration data on the Calibration Data Worksheet.

c) Compute the results by pressing the corresponding button on the Compute Results Worksheet.

d) Copy the results automatically into the RED - MAIN Workbook by pressing the corresponding button on the Compute Results Worksheet. Note that RED - HDM-III VOC copies all the corresponding results of the nine possible vehicle types into RED - MAIN.

e) If needed, view the results on the following worksheets:

Coefficients Worksheet -> Cubic polynomials coefficients relating vehicle operating costs and speeds to roughness (copied into the RED-MAIN Workbook)

Speeds Worksheet -> Speeds function of roughness for all vehicles and road classes

VOC Worksheet -> Vehicle operating costs function of roughness for all vehicles and road classes

Typical VOC and Speeds -> Typical unit vehicle operating costs and speeds for different road classes

HDM-III & Equations Comparison Worksheet -> Comparison between HDM-III results and cubic polynomials

Graph VOC - Polynomial Worksheet -> Graph comparing HDM-III results and cubic polynomial equation

Graph Speeds - Polynomial Worksheet -> Graph comparing HDM-III results and cubic polynomial equation

Graph VOC - Exponential Worksheet -> Graph comparing HDM-III results and cubic exponential equation

Graph Speeds - Exponential Worksheet -> Graph comparing HDM-III results and cubic exponential equation

Use the RED - HDM-4 VOC Workbook to compute VOCs and speeds for motorized vehicles, following the HDM-4 relationships, following the steps below:

a) Enter the country specific vehicle fleet data on the Basic Input Data Worksheet .

b) If necessary, enter the country specific calibration data on the Calibration Data Worksheet.

c) Compute the results by pressing the corresponding button on the Compute Results Worksheet.

d) Copy the results automatically into the RED - MAIN Workbook by pressing the corresponding button on the Compute Results Worksheet. Note that RED - HDM-4 VOC copies all the corresponding results of the nine possible vehicle types into RED - MAIN.

e) If needed, view the results on the following worksheets:

Coefficients Worksheet -> Cubic polynomials coefficients relating vehicle operating costs and speeds to roughness (copied into the RED-MAIN Workbook)

Speeds Worksheet -> Speeds function of roughness for all vehicles and road classes

VOC Worksheet -> Vehicle operating costs function of roughness for all vehicles and road classes

HDM-4 & Equations Comparison Worksheet -> Comparison between HDM-4 results and cubic polynomials

Typical VOC and Speeds -> Typical unit vehicle operating costs and speeds for different road classes

Other alternative is to use any other model to compute VOCs and speeds as a function of roughness, for motorized and non-motorized vehicles, and to copy the corresponding cubic polynomial results manually into the RED - MAIN workbook.

2) Perform the economic evaluation of a given project (road) using the RED - MAIN Workbook.

a) Enter the control data on the Control and Setup Worksheet.

b) Review the VOC and Speeds cubic polynomial coefficients copied from the VOC workbooks on the Unit VOC and Speeds Worksheet.

c) Enter the time and accidents data on the Time and Accidents Worksheet .

d) Enter the traffic data on the Traffic Worksheet.

e) Enter the project-alternatives data on the Project-Alter. Main Features Worksheet .

f) If needed, enter additional net benefits on the Project-Alter. Other Benefits Worksheet .

The economic evaluation results are computed automatically. Therefore, there is no need to press a button to compute the results.

g) View a summary of the economic indicators results for all project-alternatives on the Project-Alter. Solution Worksheet.

h) View the a graph of the Net Present Value or the Total Society Costs.

i) View the detailed results for each project-alternative on the following worksheets:

Alter. 1, 2 or 3 Feasibility Worksheet -> Input data and resulting cost streams and economic indicators

Alter. 1, 2 or 3 User Impact Worksheet -> Benefits to road users

Alter. 1, 2 or 3 Benefits Distribution Worksheet -> Distribution of net benefits among vehicle types

Alter. 1, 2 or 3 Sensitivity Worksheet -> Sensitivity analysis for the main input parameters

Alter. 1, 2 or 3 Switching Values Worksheet -> Sensitivity analysis for the main input parameters

Note that to calculate the sensitivity and switching values, you have to press a button on the corresponding worksheet.

3) If needed, perform a risk analysis using the RED - RISK Workbook.

a) Enter the triangular distributions for the main input parameter on the Basic Input Data Worksheet.

b) Enter the number of scenarios to evaluate on the Compute Results Worksheet .

c) Perform the risk analysis by pressing the corresponding button on the Compute Results Worksheet.

d) View the results on the following worksheets:

Risk Analysis Solution Worksheet -> Summary risk analysis results for all project-options

Alter. 1, 2 or 3 - Net Present Value Worksheet -> Output net present value frequency distribution

Alter. 1, 2 or 3 - Rate of Return Worksheet -> Output rate of return frequency distribution

Inputs Distribution Worksheet -> Frequency distributions for the main input parameters

4) If you are evaluating a series of road sections, you can use the RED - PROGRAM Workbook to evaluate a series of sections automatically, withor without budget constraints.

a) Enter the road sections characteristics on the RED Inputs Worksheet, where each row represents a road section and each column collectsthe corresponding RED Main Worksheet inputs. Note that you define up to 7 project-alternative per road section.

b) Press the Execute RED Model button on the RED Inputs Worksheet.

c) View the economic evaluation results for all road sections on the RED Outputs Worksheet.

d) View a graph of the NPV and the main results for a road section on the Road Section Net Present Value Worksheet.

e) View the unconstrained budget program on the Unconstrained Budget Worksheet .

f) Perform a budget constraint optimization on the Budget Constraint A, B, C, D, and E Worksheets. For each budget scenario, enter theavailable budget and press the Perform Budget Optimization and Collect Optimization Results buttons.

g) Define a recommended program on the Recommended Program Worksheet, by selecting one project-alternative per road.

h) View the program Net Present Value for the different budget constraints scenarios at the Program Net Present Value Worksheet.

i) View the multi-criteria results for the recommended program on the Multi-Criteria Worksheet. Press the Update Multi-Criteria Analysis button.

 
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