Problems in determining the optimal use of road safety measures
Journal article, Peer reviewed
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Original versionResearch in Transportation Economics. 2014, 47 (November), 27-36. 10.1016/j.retrec.2014.09.016
This paper discusses some problems in determining the optimal use of road safety measures. The first of these problems is how best to define the baseline option, i.e. what will happen if no new safety measures are introduced. The second problem concerns choice of a method for selection of targets for intervention that ensures maximum safety benefits. The third problem is how to develop policy options to minimise the risk of indivisibilities and irreversible choices. The fourth problem is how to account for interaction effects between road safety measures when determining their optimal use. The fifth problem is how to obtain the best mix of short-term and long-term measures in a safety programme. The sixth problem is how fixed parameters for analysis, including the monetary valuation of road safety, influence the results of analyses. It is concluded that it is at present not possible to determine the optimal use of road safety measures precisely. One may at best determine a range that is likely to contain the optimal use of a set of measures.