Date: Thursday, September 12, 2013
This session will describe how transportation investments are analyzed. The focus of the presentation will be on the role that travel modeling and forecasting plays within the decision making process. Models and forecasts provide the most fundamental inputs for deciding which transportation investments provide the best return on investment. The presentation will provide a look at the application of basic economic principles, such as discounting and benefit-cost analysis, within the decision making process. An overview of how outputs from travel demand models are used to evaluate investment strategies will be discussed.
Nathaniel D Coley Jr., FHWA Office of Performance Management
Mr. Nathaniel Coley serves as an Economist and has managed the Economic Analysis Program at FHWA Headquarters in Washington, DC for the past 10 years. He served as a bridge engineer in the Bridge Division of the Maryland State Highway Administration for 12 years. He spent 4 years as the Asset Management Program Manager at the MD Department of Transportation where he led the implementation of Asset Management Practices in the seven modes of transportation under its jurisdiction. Mr. Coley has a BS Degree in Civil Engineering, an MBA with a focus in Economics and Financial Management, and a Master's Degree in Economics from Johns Hopkins University