posted on 2015-03-06, 12:02authored bySalman Rashid AL-Zayani
The aim of this study is to develop a procedure that can be
used for the optimal allocation of funds available for road
safety remedial measures in the State of Bahrain.
The study reviews the nature of the road accidents
problem in Bahrain in sufficient detail to highlight the
relative magnitude ·and seriousness of the problem.
Factors comprising the total (comprehensive) cost of
road safety remedial measures with special application to
Bahrain (including the capital and maintenance costs of the
remedial measures and accident component of road user costs)
are identified and analysed.
A methodology for identifying the most hazardous
locations on the road network is then developed. Using this
methodology preliminary and primary rankings of sites are
determined.
70 hazardous locations are identified and analysed.
A programme of 26 countermeasures is then drawn up and the
effectiveness of 10 different types of alternative
improvements is evaluated with special emphasis on the
regression-to-mean effect. The other 16 countermeasures
effectiveness estimates are adopted from other sources.
A Budget Optimisation Model Computer Programme (BOM)
is then developed using multi-stage dynamic programming for
selecting an optimal set of schemes under a single-period
budget constraint. Within the constraint that it must choose
only one alternative for each location, BOM selects a group
of alternatives that produces an optimal overall net present
value (NPV) within the resource constraint level. BOM is
then used to determine the optimum combination of improvement
of the 70 sites with different budgets. In all budgets, BOM
searches throughout the list of projects for those
alternatives which would provide the greatest NPV. Projects
with different budgets are clearly economically viable and
viability is further demonstrated by the sensitivity tests
which are subsequently carried out.
Finally, it is shown that improvements selected by a
dynamic programming can yield a higher return for a given
budget than those chosen entirely on the basis of benefit-cost
ratio.