Advanced Engineering Economics
Street-railroads -- Oregon -- Portland, Street-railroads -- Oregon -- Portland -- Economic aspects, Transportation -- Planning -- Oregon -- Portland
For thousands of years, humanity has been involved in building and rebuilding the world. Groups, Governments, NGO’s and many more organizations are involved in ‘building’ activities for developing the surroundings that affect their existence with the aim of making living more convenient. Public projects, for the welfare of the citizens fall under this purview. Engineering Economics, as a subject and research area, teaches us to evaluate and analyze large scale public projects. The Pacific Northwest region in the US is characterized by the culture of holistic development: the monetary element is only one component in the decision making process to decide the viability of a project, and hence we see wind turbines, green recycling, electric cars and excellent public transport in this region. One such project is the Portland-Milwaukie Light Rail construction project which is currently under construction and will be operational in a couple of years. This paper intends to explore the viability of this project from multiple perspectives, using Engineering Economy theory it analyzes the outcome on the basis of Benefits and Costs. We intend to learn and explore the theoretical aspect of project feasibility from the engineering economic theory point of view.
Castillejos, Ignacio; Garcia, Jorge; Shah, Kshiti; and Upadhyay, Jubin, "Analyzing the Portland-Milwaukie Light Rail Project: An Engineering Economic Perspective" (2012). Engineering and Technology Management Student Projects. 315.