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The global spread of COVID-19 and resulting quarantine measures have disrupted manufacturing supply chains and dramatically reduced business and household consumption.
Typically, access conveys movement – driving to a job, walking to a store, taking a bus to school. But in the coronavirus era, being able to participate in the economy without leaving the house has become paramount.
The Port of Long Beach – along with its neighbor the Port of Los Angeles – is the nation’s largest gateway for international container trade. EDR Group recently completed the Port of Long Beach Economic Impact Study, which quantifies the massive economic impacts of this critical economic engine and its role in the national economy. The study assesses the full range of Port activities, including not only cargo operations, but also cruise passenger services, retail, tourism, and real estate functions. The media has taken note, with stories appearing in publications like the Long Beach Business Journal and Maritime Executive. The study is available on the Port of Long Beach web site.
Infrastructure investment proposals can generate intense public discussion, and when it occurs, there is almost inevitably talk about how the project will (a) hurt the local economy, (b) save the local economy or (c) both. When the latter occurs, it is often because there are two factions – supporters and opponents. Of course, what is often missing is objective information to help guide and control these fears, hopes and allegations. That is where economic models and tools both come in.
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We all know some variation of the saying, what you measure is what you get. At EDR Group, we work with States and regions to help choose the right things to measure – whether for performance management over time or to support project evaluation and prioritization – and to understand how those choices affect long-term policy implementation.
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Changes in the administration, debates in Washington, and ongoing developments in technology, climate change and infrastructure costs make it harder than ever to undertake meaningful transportation plans, corridor studies and prioritize public investments.
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It is the often untold story of project evaluations: We can never be fully certain about the results. Whether it is about the selection of the best alternative for a project or about setting priorities among different projects, the results depend to a considerable extent on assumptions we make. Assumptions are embedded in our analytical choices and results: what are the appropriate weights for each factor in a multicriteria analysis? How about the discount rate in a BCA? How accurate are the data sources we rely on? Do we truly know how much a project will cost or the level of future demand?
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The Swiss Federal Offices for Spatial Development, Roads, Transportation, the Environment and Energy jointly released the new Transport Outlook 2040. Ernst Basler + Partner (www.ebp.ch), based in Zurich and an affiliate of EDR Group, worked on this project in collaboration with two other companies. The firm performed the passenger transportation forecast and for the modelling of impacts. The report offers intriguing findings that may be of interest for transportation and land use planners in the US and worldwide.
Tags: #TRBAM