Cost Benefit Analysis on Public Transport Investment by Choice Experiment Method: An Example of Osaka Monorail Saito Line fs Extension (in Japanese)

Junyi Shen, Yusuke Sakata and Yoshizo Hashimoto
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Yusuke Sakata: School of Economics, Kinki University
Yoshizo Hashimoto: Osaka Prefectural Institute for Advanced Industry Development

No 06-18, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: The necessity of applying Cost Benefit Analysis (CBA) in evaluating the validity of a public transport investment is well recognized by policy makers in recent days. Originating in a sense of this fact, we implement CBA in a new project called Osaka Monorail Saito Line fs extension by applying a Choice Experiment (CE) method. It is estimated that the benefit cost (B/C) ratio is 1.87 under a basic scenario. In addition, with a consideration on different kinds of uncertainty in the future, a number of sensitivity analyses are implemented. The results of sensitivity analysis indicate that the possibility of generating net benefit is extremely high for the project studied here.

Keywords: Cost Benefit Analysis; Choice Experiment (CE) method; Monorail; Sensitive Analysis (search for similar items in EconPapers)
JEL-codes: C25 D61 R42 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2006-07
New Economics Papers: this item is included in nep-dcm, nep-sea and nep-ure
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