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New Approach To Appraisal
The New Approach to Appraisal (also NATA) was the name given to a multi-criteria decision framework used to appraise transport projects and proposals in the United Kingdom. NATA was built on the well established cost–benefit analysis and environmental impact assessment techniques (such as those contained in the Highways Agency's Design Manual for Roads and Bridges (DMRB)) for assessing transport projects and proposals. In April 2011 the Coalition Government decided that the term NATA would no longer be used. However, the principles and key elements of the NATA framework remain in the Department for Transport's Transport Analysis Guidance (TAG). History NATA was introduced by the then Department for Transport, Environment and the Regions as part of the 1998 Integrated Transport White Paper and first used in the 1998 review of trunk road schemes. Its development reflected the new Labour Government's aim of providing a more balanced approach to transport appraisals, in terms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multi-criteria Decision Analysis
Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine). Conflicting criteria are typical in evaluating options: cost or price is usually one of the main criteria, and some measure of quality is typically another criterion, easily in conflict with the cost. In purchasing a car, cost, comfort, safety, and fuel economy may be some of the main criteria we consider – it is unusual that the cheapest car is the most comfortable and the safest one. In portfolio management, managers are interested in getting high returns while simultaneously reducing risks; however, the stocks that have the potential of bringing high returns typically carry high risk of losing money. In a service industry, customer satisfaction and the cost of providing service are fundamen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Of Time
In transport economics, the value of time is the opportunity cost of the time that a traveler spends on their journey. In essence, this makes it the amount that a traveler would be willing to pay in order to save time, or the amount they would accept as compensation for lost time. One of the main justifications for transport improvements is the amount of time that travelers will save. Using a set of values of time, the economic benefits of a transport project can be quantified in order to compare them to the costs (thus forming the basis of cost-benefit analysis). In particular, savings (or, for that matter, increases) in travel time form part of the change in consumer surplus for a transport project. Calculating the value of time Values of time are used to calculate the non-monetary costs incurred as part of a journey, so that the generalized cost of the journey (a combination of both monetary and non-monetary costs) can be calculated. The value of time varies considerably fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare Economics
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. Attempting to apply the principles of welfare economics gives rise to the field of public economics, the study of how government might intervene to improve social welfare. Welfare economics also provides the theoretical foundations for particular instruments of public economics, including cost–benefit analysis, while the combination of welfare economics and insights from behavioral economics has led to the creation of a new subfield, behavioral welfare economics. The field of welfare economics is associated with two fundamental theorems. The first states that given certain assumptions, competitive markets produce ( Pareto) efficient outcomes; it captures the logic of Adam Smith's invisible hand. The second states that given further restrictions, any Pareto efficient outcome can be supported as a competitive market equilibrium. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multiple-criteria Decision Analysis
Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine). Conflicting criteria are typical in evaluating options: cost or price is usually one of the main criteria, and some measure of quality is typically another criterion, easily in conflict with the cost. In purchasing a car, cost, comfort, safety, and fuel economy may be some of the main criteria we consider – it is unusual that the cheapest car is the most comfortable and the safest one. In portfolio management, managers are interested in getting high returns while simultaneously reducing risks; however, the stocks that have the potential of bringing high returns typically carry high risk of losing money. In a service industry, customer satisfaction and the cost of providing service are fundamen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Economics
Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. It has strong links to civil engineering. Transport economics differs from some other branches of economics in that the assumption of a spaceless, instantaneous economy does not hold. People and goods flow over networks at certain speeds. Demands peak. Advance ticket purchase is often induced by lower fares. The networks themselves may or may not be competitive. A single trip (the final good, in the consumer's eyes) may require the bundling of services provided by several firms, agencies and modes. Although transport systems follow the same supply and demand theory as other industries, the complications of network effects and choices between dissimilar goods (e.g. car and bus travel) make estimating the demand for transportation facilities difficult. The development of models to estimate the likely choices bet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Policy In The United Kingdom
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals may be used both for interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicles may incl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Regional Development
The Department for Infrastructure (DfI, ga, An Roinn Bonneagair; Ulster-Scots: ''Depairment fur Infrastructure'') is a devolved Northern Ireland government department in the Northern Ireland Executive. Up until May 2016, the department was called the Department for Regional Development. Aim DfI's overall aim is to "improve quality of life by securing transport and water infrastructure and shaping the region's long-term strategic development". Responsibilities The department's main responsibilities include * regional strategic planning and development; * transport strategy and sustainable transport; * public roads; * public transport; * air and sea ports; * water and sewerage services. Two transport matters are reserved to Westminster and are therefore not devolved: * navigation (including merchant shipping) * civil aviation DfI's main counterparts in the United Kingdom Government are: * the Department for Transport; * the Department for Environment, Food and Rural ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Ireland
Northern Ireland ( ga, Tuaisceart Éireann ; sco, label= Ulster-Scots, Norlin Airlann) is a part of the United Kingdom, situated in the north-east of the island of Ireland, that is variously described as a country, province or region. Northern Ireland shares an open border to the south and west with the Republic of Ireland. In 2021, its population was 1,903,100, making up about 27% of Ireland's population and about 3% of the UK's population. The Northern Ireland Assembly (colloquially referred to as Stormont after its location), established by the Northern Ireland Act 1998, holds responsibility for a range of devolved policy matters, while other areas are reserved for the UK Government. Northern Ireland cooperates with the Republic of Ireland in several areas. Northern Ireland was created in May 1921, when Ireland was partitioned by the Government of Ireland Act 1920, creating a devolved government for the six northeastern counties. As was intended, Northern Ireland ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Scotland
Transport Scotland ( gd, Còmhdhail Alba) is the national transport agency of Scotland. It was established by the Transport (Scotland) Act 2005, and began operating on 1 January 2006 as an Executive Agency of the Scottish Government. Organisation Transport Scotland is an executive agency of the Scottish government that conducts transport projects, manages ScotRail, and also maintain all roads in Scotland, except motorways Directorates The agency is made up of eight directorates: Aviation, Maritime, Freight and Canals Used for transport links to its remote and island communities. It is responsible for: * project delivery, operational performance and policy development * aviation, ferries and canals * maritime interest including ports, harbours, and freight * looking after Scottish ministers’ interests in Glasgow Prestwick Airport, David MacBrayne, Caledonian Maritime Assets, Highlands and Islands Airports, and Scottish Canals Bus, Accessibility & Active Travel Respo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Ireland Assembly
sco-ulster, Norlin Airlan Assemblie , legislature = 7th Northern Ireland Assembly, Seventh Assembly , coa_pic = File:NI_Assembly.svg , coa_res = 250px , house_type = Unicameralism, Unicameral , house1 = , leader1_type = Speaker of the Northern Ireland Assembly, Speaker , leader1 = Alex Maskey , election1 = 11 January 2020 , members = 90 , salary = £55,000 per year + expenses , structure1 = PartyNI2022.svg , structure1_res = 250px , political_groups1 = * Sinn Féin (27) Irish nationalism, N * Democratic Unionist Party, DUP (25) Unionism in the United Kingdom, U * Alliance Party of Northern Ireland, Alliance (17) Cross-community vote#Designations, O * Ulster Unionist Party, UUP (9) Unionism in the United Kingdom, U * Social Democratic and Labour Party, SDLP (8) Irish nationalism, N * Traditional Unionist Voice, TUV (Jim Allister, 1) Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welsh Assembly Government
Welsh may refer to: Related to Wales * Welsh, referring or related to Wales * Welsh language, a Brittonic Celtic language spoken in Wales * Welsh people People * Welsh (surname) * Sometimes used as a synonym for the ancient Britons (Celtic people) Animals * Welsh (pig) Places * Welsh Basin, a basin during the Cambrian, Ordovician and Silurian geological periods * Welsh, Louisiana, a town in the United States * Welsh, Ohio, an unincorporated community in the United States See also * Welch (other) * * * Cambrian + Cymru Wales ( cy, Cymru ) is a country that is part of the United Kingdom. It is bordered by England to the east, the Irish Sea to the north and west, the Celtic Sea to the south west and the Bristol Channel to the south. It had a population in 202 ... {{Disambiguation Language and nationality disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
