Resources

This project developed market research techniques for deriving improved values for the unit benefit parameters specified by Transfund New Zealand for use in transport project evaluation throughout New Zealand.

It focused on the use of stated preference and related techniques for the valuation of parameters for which market-based valuations are not available: particular attention was paid to level of service and travel time parameters.

The project included:

• appraisal of techniques used in selected countries to derive unit benefit parameters for use in transprt project evaluation
• review of international developments and experience in the use of stated preference and similar techniques, including appraisal of experimental design methods
• development of recommendations on research approaches and survey methods for deriving improved unit benefit parameters in the New Zealand context.

Keywords: travel time valuation, level of service, environmental valuation, stated preference, stated choice, conjoint analysis, valuation methods, transport evaluation, New Zealand