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Overview
• Examples of TranSight Applications
• What Does TranSight Analyze?
• Model Structure
Transportation Applications
• Long-Range Planning • Demand Management • Evaluating Financing Mechanisms• Capturing Benefits of Transit Investments• Benefit-Cost Comparison by Project• Large-Scale Multimodal Investments• Lane Closure/Reconstruction
Case Study Preview - Impacts of I-405 and SR509 Expansion in Washington
TranSight Analyzes
• Construction Phase Impacts• Project Specific Financing• Emissions• Safety• User Benefits (Operating Costs, Value of Time)• Improved Mobility Agglomeration Effects!
Construction & Financing
• Detailed by $ amount of investments– Construction labor and materials– Professional services– Special Equipment
• Captures the effects of project spending over time and accounts for economic feedback of projects financed through:– user fees such as tolls– other mechanisms such as tax increases
Emissions
• Estimated based upon Vehicle Miles Traveled (VMT) and Vehicle Hours Traveled (VHT)
• TranSight examines CO, NOx, SOx, PM10, and VOCs and the health costs associated with them
• Adjustable parameters
Safety
• Accident rates influenced by changes in VMT • Categorized by accident type by Fatalities,
Injuries, and Property Damage Only• Adjustable parameters
User Benefits
• Estimates fuel and non-fuel operating expenses
• Value of time• Based upon VMT, VHT, regional wage, and
fuel efficiency • Adjustable parameters
New Economic Geography
The New Economic Geography : The Impacts of Agglomeration Economics.
• Focus:– Access to labor and material inputs for industries
rely on a good transportation system– Productivity gains are realized due to dense labor
and product pools– Trade flows such as region-to-region
transportation links are the conduit for regional economic growth
Mobility, Agglomeration, and the Cost Matrix
• Driven by adjustments in VMT, VHT, Trips• Calculates changes to the “Effective Distance”
between economic regions:– Commuter Cost Matrix– Accessibility Cost Matrix– Transportation Cost Matrix
Structure
• Simple to Operate• Transparent Structure• Project Specific• Robust Results
TranSight
Economic Results
EDFS - 53
REMI Policy Variables
Transportation Cost Matrix
Transportation Model
VMT VHT
Project - Specific Data
Fuel Demand Emissions
Safety
Construction Operation
Finance
TranSight
Economic Results
Policy Insight
REMI Policy Variables
Transportation Cost Matrix
Transportation Model
VMT VHT
Project - Specific Data
Fuel Demand Emissions
Safety
Construction Operation
Finance
Transparent Structure
Examples of Result Types
• Jobs (by industry)• Gross Regional Product (by final demand and
value-add)• Personal Income (by income accounts)• Productivity (by industry)• Output (by industry)• Trade Flows (by industry)• Population (by industry)
TranSight estimates the total impact of transportation projects on the local economy including:
• Construction Phase• Emissions and Safety• Productivity Impacts (through agglomeration)
Coming Up Next Time
Session 2• Interfacing with the tool• Developing simulations
Session 3• Review of client applications