Abstract
To demonstrate the value of research and its implementation, the Governor’s Office in 2016 requested an annual financial analysis of the INDOT Research Program to determine the return on the research investment (ROI). The INDOT Research & Development (R&D) has continued to publish an annual Return on Investment report. The current financial analysis is for research projects that completed in FY 2023. Analyses on previous year’s projects is necessary primarily due to the time it takes some project outcomes to be implemented and verifiable data generated, extending into the following year. Therefore, the FY 2024 analysis is completed research projects in calendar 2023.
The analysis evaluated 29 research projects completed in 2023 to determine if through implementation, benefits could be quantified resulting in either agency savings, road user savings, or safety savings. Of the 29 projects, six (6) had benefits that could be quantified. The rest, twenty-three (23) had benefits classified as qualitative.
Keywords
benefit/cost analysis, return on investment (ROI), agency savings, road user cost savings, safety cost savings
Report Number
FHWA/IN/JTRP-2024/39
SPR Number
4865
Sponsoring Organization
Indiana Department of Transportation
Performing Organization
Joint Transportation Research Program
Publisher Place
West Lafayette, Indiana
Date of Version
2024
DOI
10.5703/1288284317842
Recommended Citation
McCullouch, B. (2024). INDOT research program benefit cost analysis–Return on investment for projects completed in FY 2023 (Joint Transportation Research Program Publication No. FHWA/IN/JTRP-2024/39). West Lafayette, IN: Purdue University. https://doi.org/10.5703/1288284317842