introduction to tredis prioritization program applications · why is tredis different? •higher...
TRANSCRIPT
Introduction to TREDIS
Prioritization Program Applications
Webinar: October 28, 2014
Agenda
• What is TREDIS and how it can help?
• What makes TREDIS different?
• Prioritization Example
• Prioritization Features in TREDIS
• Questions & Answers
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What is TREDIS?
• Web-based Decision Support System
Impact on your economy
Benefits and costs of the project, policy, or plans
Financial – Public/Private
Fiscal – Tax and Fee Revenues
Performance Measures
• Guided Analysis
• Address All Transportation ModesRoad, Rail, Aviation, Marine, Pedestrian, Bicycles,
Custom
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How does TREDIS help?
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Prioritize & Select
Projects
Develop Long
Range Plans
Evaluate Alternatives Show Economic Role
of Existing Facilities
Assess Public
Policy Options
Show Impact
of Maintenance
Decisions
Determine Impact
of a Single Project
(Grant applications)
Evaluating Economic Impacts Can Change Your Decisions
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Why is TREDIS different?
• Higher Level of Precision
Full 440 industry sector analysis engine
Multi-modal analyses
Spatial detail for state, county, sub-county
• Transparent
Intermediate calculations can be viewed & traced
Supported by documentation & publications
• Flexible Web Based User interface
Allows for sharing of information
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Example
Problem:
Given limited budget resources, which projects should be implemented first?
Prioritization Program:
Springfield MPO is developing its 2015 Prioritization
Program. They have 5 projects that
– Address highway congestion
– Decrease highway VMT & VHT
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Login to
TREDIS
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SETUP
• Name
• Planning Stage
• Relevant Modes
• Time Period(s)
• Study Region(s)
• Alternatives
USER INPUTS
• Costs
• Travel Conditions
• Market Access
RESULTS
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Create a new project
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Name your
new project
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Select type
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Follow
navigation
guides
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1. Select Modes and
Purposes for trips
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2. Press Save
Describe
project
timeline
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Describe
Study Region
Describe
Study Region
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Select
Geography
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Build
Economic
Model
Enter Project
Costs
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TREDIS spreads costs
over time for you or you
may adjust as needed
Click here to
expand selection
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Enter number of
Vehicle Trips per Year
for each Mode Purpose
Combination
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Click on each tab to
enter inputs as needed
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TREDIS tells you what
input data is required
… what is frequently needed
… and what is optional
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Enter information for
access to your markets
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Most
appropriate for
analysis type
Useful for
your Analysis
Not relevant
to analysis
type
Supporting
data
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Report – Benefit Cost
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Report – Benefit Cost
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Report – Economic Impact
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Report – Economic Impact
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Agenda
• What is TREDIS and how it can help?
• What makes TREDIS different?
• Prioritization Example
• Prioritization Features in TREDIS
• Questions & Answers
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Prioritization – Project Upload
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Prioritization Projects – Bulk Processing
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Prioritization – Project Upload
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Prioritization – Group Options
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Prioritization – Project Management
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Prioritization – Reporting Options
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SMPO Prioritization Program
Prioritization – Reporting Options
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Prioritization – Reporting Results
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Project Information: Name, description, study region, &
discount rate
Current = Current Year (e.g. 2014).
Economic Patterns: Employment, Output, Value Added, & Personal Income
Baseline = Analysis Year (e.g. 2042)
Projec t
ID
Projec t
Desc ription
Projec t
Owner
Study
Region
Analysis
Year
Discount
RateIndustry Employment
Output (mil.
$2014)
Value Added
(mil. $2014)
Personal
Income (mil.
$2014)
EmploymentOutput (mil.
$2014)
Value Added
(mil. $2014)
Personal
Income (mil.
$2014)
2014 2014 2014 2014Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
1 HWY 1 Demo Default 2042 5.00% TOTAL 2,712,735 $482,109 $305,748 $213,799 3,120,595 $760,372 $468,129 $331,443
2 HWY 2 Demo Default 2042 5.00% TOTAL 2,712,735 $482,109 $305,748 $213,799 3,120,595 $760,372 $468,129 $331,443
3 HWY 3 Demo Default 2042 5.00% TOTAL 2,712,735 $482,109 $305,748 $213,799 3,120,595 $760,372 $468,129 $331,443
4 HWY 4 Demo Default 2042 5.00% TOTAL 2,712,735 $482,109 $305,748 $213,799 3,120,595 $760,372 $468,129 $331,443
5 HWY 5 Demo Default 2042 5.00% TOTAL 2,712,735 $482,109 $305,748 $213,799 3,120,595 $760,372 $468,129 $331,443
Projec t Information Current Economic Patterns Baseline Economic Patterns Data
Prioritization – Reporting Results
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Short Term Economic Impacts: Construction Impacts
Long Term Economic Impacts: O&M, Operational, Contingent Development, Market Access, & Total Impacts
EmploymentOutput (mil.
$2014)
Value
Added (mil.
$2014)
Personal
Inc ome
(mil. $2014)
All Years All Years All Years All Years
207 $32.82 $19.29 $16.93
314 $56.41 $28.88 $24.92
56 $8.89 $5.22 $4.59
69 $10.94 $6.43 $5.64
432 $68.37 $40.18 $35.27
Short-Term Ec onomic Impac ts
Long-Term Economic Impac ts
Ongoing
O&M:
Employment
Ongoing
O&M: Output
(mil. $2014)
Ongoing
O&M: Value
Added (mil.
$2014)
Ongoing
O&M:
Personal
Income (mil.
$2014)
Operations:
Employment
Operations:
Output (mil.
$2014)
Operations:
Value Added
(mil. $2014)
Operations:
Personal
Income (mil.
$2014)
Contingent
Dev .:
Employment
Contingent
Dev .:
Output (mil.
$2014)
Contingent
Dev .: Value
Added (mil.
$2014)
Contingent
Dev .:
Personal
Income (mil.
$2014)
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
Analysis
Year
0 $0.00 $0.00 $0.00 14 $1.75 $1.10 $0.89 0 $0.00 $0.00 $0.00
0 $0.00 $0.00 $0.00 18 $2.31 $1.45 $1.17 0 $0.00 $0.00 $0.00
0 $0.00 $0.00 $0.00 5 $0.69 $0.43 $0.35 0 $0.00 $0.00 $0.00
0 $0.00 $0.00 $0.00 6 $0.79 $0.49 $0.40 0 $0.00 $0.00 $0.00
0 $0.00 $0.00 $0.00 26 $3.46 $2.08 $1.68 0 $0.00 $0.00 $0.00
Prioritization – Reporting Results
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Benefit/Cost Results
Benefit/ Cost Results
Benefit/ Cost
Ratio:
Trav eler
Benefit (A+B)
Benefit/ Cost
Ratio: Full
User Benefit
(A+B+C)
Benefit/ Cost
Ratio: Total
Soc ietal
Benefit
(A+B+C+D+E)
Net Present
Value:
Traveler
Benefit
(A+B)
Net Present
Value: Full
User
Benefit
(A+B+C)
Net Present
Value: Total
Soc ietal
Benefit
(A+B+C+D+E)
Impac t/ Cost
Ratio: Add'l
Gross
Regional
Produc t (GRP)
Impac t/ Cost
Ratio: GRP
plus Trav eler
non-$ Benefit
(GRP+B)
Impac t/ Cost
Ratio: GRP
plus Total non-
$ Benefit
(GRP+B+E)
Net Present
Value: Add'l
Gross
Regional
Produc t (GRP)
Net Present
Value: GRP
plus Trav eler
non-$ Benefit
(GRP+B)
Net Present
Value: GRP
plus Total non-
$ Benefit
(GRP+B+E)
1.21 1.21 1.24 5 5 6 0.61 1.03 1.05 -10 1 1
1.12 1.12 1.15 4 4 5 0.55 0.94 0.96 -16 -2 -1
1.73 1.76 1.78 5 5 5 0.79 1.45 1.47 -1 3 3
1.61 1.62 1.64 5 5 5 0.73 1.33 1.34 -2 3 3
1.08 1.10 1.10 4 5 5 0.49 0.91 0.91 -26 -5 -5
Benefit Cost Ratio Net Present Value Impact/Cost Ratio (GRP) Net Present Value GRP
Prioritization – Ranking Results
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Project Prioritization Changes as Different
Ranking Criteria are Used
Projec t
Hwy #1 1.5 1 1.5 2 $9 2 $15 3
Hwy #2 1.4 2 1.4 4 $10 1 $25 1
Hwy #3 1.3 3 1.7 1 $6 3 $19 2
Hwy #4 1.2 4 1.2 5 $5 4 $13 4
Hwy #5 1.1 5 1.6 3 $4 5 $10 5
User Benefits
B/ C Ratio
W ider
Benefits B/ C
Ratio
Gross Regional
Produc t ($M's)
Net Present
Value ($M's)
Economic Criteria Will Affect
How You Spend Your Money!
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TREDIS Clients - Prioritization
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Questions?
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For More Information…
TREDIS Software Group
155 Federal Street, Suite 600
Boston, MA 02110
(617) 303-0424
www.tredis.com
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