It is concluded that it is important to allow for the behavioural responses of network users when estimating the costs of closures, and that more attention should be given to ‘high-frequency, low-consequence’ hazards, in order to maximise the economic benefits of expenditure on risk mitigation.
The financial support of Transfund NZ and Transit NZ for the research is gratefully acknowledged.
Nicholson, A. and Dalziell, E. (2003), "Risk Evaluation and Management: A Road Network Reliability Study", Bell, M.G.H. and Iida, Y. (Ed.) The Network Reliability of Transport, Emerald Group Publishing Limited, pp. 45-60. https://doi.org/10.1108/9781786359544-003Download as .RIS
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