A Dynamic Programming Optimization Approach for Budget Allocation to Early Right-of-Way Acquisitions

Carlos M. Chang Albitres, Paul E. Krugler, Iraki Ibarra and Edith Montes

Journal of the Transportation Research Forum, 2012, vol. 51, issue 3

Abstract: Maximizing potential savings when purchasing right-of-way within a limited budget is a challenge currently faced by state departments of transportation (DOTs) across the nation. Early right-ofway acquisitions promote smoother negotiations and are aimed to save money, time, and human resources. This paper describes an optimization approach based on dynamic programming developed for the Texas Department of Transportation (TxDOT) to identify projects with candidate parcels for early right-of-way acquisition in order to achieve the highest potential savings. Each candidate parcel must be subjected to a preliminary environmental analysis to ensure that each comply with the National Environmental Policy Act (NEPA) standards.

Keywords: Public; Economics (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/207327/files/2 ... fWayAcquisitions.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ndjtrf:207327

DOI: 10.22004/ag.econ.207327

Access Statistics for this article

More articles in Journal of the Transportation Research Forum from Transportation Research Forum
Bibliographic data for series maintained by AgEcon Search ().