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Fair Division Transportation Allocation Model for Funding Prioritization.
- Source :
- Journal of Infrastructure Systems; Mar2015, Vol. 21 Issue 1, p1, 1p
- Publication Year :
- 2015
-
Abstract
- Due to the increasing population and limited funding for maintenance and construction, the efficiency of the transportation network system in the U.S. is being challenged by a potential crisis that endangers the economic growth of the nation and the quality of life of the people. Although funding allocation can be approached using different methods, it is difficult to reach consensus on the criteria used to distribute limited funds among competing needs. Conventional funding allocation methods use weighted formulas based on population and other criteria. However, formula-based funding allocation methods may lead to the public's disagreement if funding allocation final decisions are not perceived as fair or equitable by all agencies. A fair division transportation allocation model (FDTAM) is proposed as an alternative to fairly distribute limited funds among the agencies competing for funding. The FDTAM aims to maximize the participants' project desirability and to minimize total envy due to budget constraints. Desirability represents how desirable a certain project is to the participant based on his/her own criteria. As a result of a case study, the application of the FDTAM to transportation allocation problems is considered a feasible alternative when compared with conventional funding allocation methods. [ABSTRACT FROM AUTHOR]
- Subjects :
- FINANCING of transportation
TRANSPORTATION
PUBLIC finance
FINANCE
Subjects
Details
- Language :
- English
- ISSN :
- 10760342
- Volume :
- 21
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Journal of Infrastructure Systems
- Publication Type :
- Academic Journal
- Accession number :
- 101024625
- Full Text :
- https://doi.org/10.1061/(ASCE)IS.1943-555X.0000217