McCullouch, B. (2022). INDOT research program benefit cost analysis – Return on investment for projects completed in FY 2021 (Joint Transportation Research Program Publication No. FHWA/IN/JTRP-2022/28). West Lafayette, IN: Purdue University. https://doi.org/10.5703/1288284317579
To demonstrate the value of research and its implementation, the Governor’s Office requested an annual financial analysis of the INDOT Research Program to determine the return on the research investment (ROI). The current financial analysis is for research projects that completed in FY 2021. Analyses on previous year’s projects is necessary primarily due to the time it takes some project outcomes to be implemented, extending into the following year. Therefore, the FY 2021 analysis is completed in calendar 2022. The ROI analysis will supplement the annual IMPACT report by adding a more rigorous quantitative benefit cost analysis (BCA) to the Research Program. Previous financial analyses used the approach of calculating net present values of cash flows to determine a benefit cost ratio and this report uses the same approach. Additionally, an overall program rate of return (ROI) is reported and will be accumulated over time into a rolling 6-year average.
return on investment, benefit cost analysis, agency savings, user savings, quantitative savings, qualitative savings
Joint Transportation Research Program
INDOT Department of Transportation
West Lafayette, IN
Date of this Version