Introduction to TREDIS Prioritization Program Applications · Why is TREDIS different? •Higher Level of Precision Full 440 industry sector analysis engine Multi-modal analyses Spatial

Introduction to TREDIS

Prioritization Program Applications

Webinar: October 28, 2014

Agenda

• What is TREDIS and how it can help?

• What makes TREDIS different?

• Prioritization Example

• Prioritization Features in TREDIS

• Questions & Answers

2© 2014 - Economic Development Research Group, Inc.

What is TREDIS?

• Web-based Decision Support System

Impact on your economy

Benefits and costs of the project, policy, or plans

Financial – Public/Private

Fiscal – Tax and Fee Revenues

Performance Measures

• Guided Analysis

• Address All Transportation ModesRoad, Rail, Aviation, Marine, Pedestrian, Bicycles,

Custom


How does TREDIS help?

4

Prioritize & Select

Projects

Develop Long

Range Plans

Evaluate Alternatives Show Economic Role

of Existing Facilities

Assess Public

Policy Options

Show Impact

of Maintenance

Decisions

Determine Impact

of a Single Project

(Grant applications)

Evaluating Economic Impacts Can Change Your Decisions

© 2014 - Economic Development Research Group, Inc.

Why is TREDIS different?

• Higher Level of Precision

Full 440 industry sector analysis engine

Multi-modal analyses

Spatial detail for state, county, sub-county

• Transparent

Intermediate calculations can be viewed & traced

Supported by documentation & publications

• Flexible Web Based User interface

Allows for sharing of information


Example

Problem:

Given limited budget resources, which projects should be implemented first?

Prioritization Program:

Springfield MPO is developing its 2015 Prioritization

Program. They have 5 projects that

– Address highway congestion

– Decrease highway VMT & VHT


Login to

TREDIS


SETUP

• Name

• Planning Stage

• Relevant Modes

• Time Period(s)

• Study Region(s)

• Alternatives

USER INPUTS

• Costs

• Travel Conditions

• Market Access

RESULTS


9

Create a new project


10

Name your

new project


12

Select type


Follow

navigation

guides


1. Select Modes and

Purposes for trips


2. Press Save

Describe

project

timeline


Describe

Study Region

Describe

Study Region


Select

Geography



Build

Economic

Model

Enter Project

Costs



TREDIS spreads costs

over time for you or you

may adjust as needed

Click here to

expand selection


21

Enter number of

Vehicle Trips per Year

for each Mode Purpose

Combination


22

Click on each tab to

enter inputs as needed


23

TREDIS tells you what

input data is required

… what is frequently needed

… and what is optional


Enter information for

access to your markets


Most

appropriate for

analysis type

Useful for

your Analysis

Not relevant

to analysis

type

Supporting

data


Report – Benefit Cost


Report – Benefit Cost


Report – Economic Impact


Report – Economic Impact


Agenda

• What is TREDIS and how it can help?

• What makes TREDIS different?

• Prioritization Example

• Prioritization Features in TREDIS

• Questions & Answers


Prioritization – Project Upload


Prioritization Projects – Bulk Processing


Prioritization – Project Upload


Prioritization – Group Options


Prioritization – Project Management


Prioritization – Reporting Options


SMPO Prioritization Program

Prioritization – Reporting Options


Prioritization – Reporting Results


Project Information: Name, description, study region, &

discount rate

Current = Current Year (e.g. 2014).

Economic Patterns: Employment, Output, Value Added, & Personal Income

Baseline = Analysis Year (e.g. 2042)

Projec t

ID

Projec t

Desc ription

Projec t

Owner

Study

Region

Analysis

Year

Discount

RateIndustry Employment

Output (mil.

$2014)

Value Added

(mil. $2014)

Personal

Income (mil.

$2014)

EmploymentOutput (mil.

$2014)

Value Added

(mil. $2014)

Personal

Income (mil.

$2014)

2014 2014 2014 2014Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

1 HWY 1 Demo Default 2042 5.00% TOTAL 2,712,735 $482,109 $305,748 $213,799 3,120,595 $760,372 $468,129 $331,443





Projec t Information Current Economic Patterns Baseline Economic Patterns Data



Short Term Economic Impacts: Construction Impacts

Long Term Economic Impacts: O&M, Operational, Contingent Development, Market Access, & Total Impacts

EmploymentOutput (mil.

$2014)

Value

Added (mil.

$2014)

Personal

Inc ome

(mil. $2014)

All Years All Years All Years All Years

207 $32.82 $19.29 $16.93

314 $56.41 $28.88 $24.92

56 $8.89 $5.22 $4.59

69 $10.94 $6.43 $5.64

432 $68.37 $40.18 $35.27

Short-Term Ec onomic Impac ts

Long-Term Economic Impac ts

Ongoing

O&M:

Employment

Ongoing

O&M: Output

(mil. $2014)

Ongoing

O&M: Value

Added (mil.

$2014)

Ongoing

O&M:

Personal

Income (mil.

$2014)

Operations:

Employment

Operations:

Output (mil.

$2014)

Operations:

Value Added

(mil. $2014)

Operations:

Personal

Income (mil.

$2014)

Contingent

Dev .:

Employment

Contingent

Dev .:

Output (mil.

$2014)

Contingent

Dev .: Value

Added (mil.

$2014)

Contingent

Dev .:

Personal

Income (mil.

$2014)

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

Analysis

Year

0 $0.00 $0.00 $0.00 14 $1.75 $1.10 $0.89 0 $0.00 $0.00 $0.00

0 $0.00 $0.00 $0.00 18 $2.31 $1.45 $1.17 0 $0.00 $0.00 $0.00

0 $0.00 $0.00 $0.00 5 $0.69 $0.43 $0.35 0 $0.00 $0.00 $0.00

0 $0.00 $0.00 $0.00 6 $0.79 $0.49 $0.40 0 $0.00 $0.00 $0.00

0 $0.00 $0.00 $0.00 26 $3.46 $2.08 $1.68 0 $0.00 $0.00 $0.00



Benefit/Cost Results

Benefit/ Cost Results

Benefit/ Cost

Ratio:

Trav eler

Benefit (A+B)

Benefit/ Cost

Ratio: Full

User Benefit

(A+B+C)

Benefit/ Cost

Ratio: Total

Soc ietal

Benefit

(A+B+C+D+E)

Net Present

Value:

Traveler

Benefit

(A+B)

Net Present

Value: Full

User

Benefit

(A+B+C)

Net Present

Value: Total

Soc ietal

Benefit

(A+B+C+D+E)

Impac t/ Cost

Ratio: Add'l

Gross

Regional

Produc t (GRP)

Impac t/ Cost

Ratio: GRP

plus Trav eler

non-$ Benefit

(GRP+B)

Impac t/ Cost

Ratio: GRP

plus Total non-

$ Benefit

(GRP+B+E)

Net Present

Value: Add'l

Gross

Regional

Produc t (GRP)

Net Present

Value: GRP

plus Trav eler

non-$ Benefit

(GRP+B)

Net Present

Value: GRP

plus Total non-

$ Benefit

(GRP+B+E)

1.21 1.21 1.24 5 5 6 0.61 1.03 1.05 -10 1 1

1.12 1.12 1.15 4 4 5 0.55 0.94 0.96 -16 -2 -1

1.73 1.76 1.78 5 5 5 0.79 1.45 1.47 -1 3 3

1.61 1.62 1.64 5 5 5 0.73 1.33 1.34 -2 3 3

1.08 1.10 1.10 4 5 5 0.49 0.91 0.91 -26 -5 -5

Benefit Cost Ratio Net Present Value Impact/Cost Ratio (GRP) Net Present Value GRP

Prioritization – Ranking Results


Project Prioritization Changes as Different

Ranking Criteria are Used

Projec t

Hwy #1 1.5 1 1.5 2 $9 2 $15 3

Hwy #2 1.4 2 1.4 4 $10 1 $25 1

Hwy #3 1.3 3 1.7 1 $6 3 $19 2

Hwy #4 1.2 4 1.2 5 $5 4 $13 4

Hwy #5 1.1 5 1.6 3 $4 5 $10 5

User Benefits

B/ C Ratio

W ider

Benefits B/ C

Ratio

Gross Regional

Produc t ($M's)

Net Present

Value ($M's)

Economic Criteria Will Affect

How You Spend Your Money!


TREDIS Clients - Prioritization


44

Questions?


For More Information…

TREDIS Software Group

155 Federal Street, Suite 600

Boston, MA 02110

(617) 303-0424

www.tredis.com

[email protected]


http://www.tredis.com/

Documents

Introduction to TREDIS Prioritization Program Applications · Why is TREDIS different? •Higher Level of Precision Full 440 industry sector analysis engine Multi-modal analyses Spatial