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- HDM-4 Version 2
- New in Version 2
- Improved Analysis Models
Improved Analysis Models
Sensitivity Analysis
Sensitivity Analysis has been introduced to Project Analysis to allow a user to investigate the impact of variations in key parameters on the analysis results. A user can define any number of sensitivity scenarios in which any of the 18 key parameters can be varied. The 18 key parameters cover unit costs, vehicle use, traffic levels and growth, and net benefits. One or more key parameters are varied by defining a multiplication factor and the effects on the outcome an the analysis will be determined. A user determines which variables to vary and this judgment will depend upon the kind of investigation being conducted. Typically the key parameters will be varied to reflect the potential range of forecasts for the parameters.
Budget Scenario Analysis
HDM-4 version 2.0 allows the user to specify an unlimited number of budget scenarios. Each budget scenario defines the road agency financial resources available over the analysis period. The optimised work programme will be produced for each of the selected budget scenarios therefore allowing the user to compare the effects of different funding levels on the network being analysed.
Multi-Criteria Analysis (MCA)
Multi-Criteria analysis (MCA) in HDM-4 project analysis provides a means of comparing projects using criteria that cannot easily be assigned an economic cost.
MCA is supported for a Project Analysis and supports 10 criteria to evaluate:
- Economic ( RAC , RUC, and NPV)
- Safety (Accident analysis)
- Functional (Comfort and Delay)
- Environment (Air Pollution)
- Energy (Energy efficiency)
- Social (Social Benefits)
- Political
MCA in HDM-4 is performed using an implementation of the Analytical Hierarchy Process ( AHP ) (Saaty 1980).
Estimation of Social Benefits
It has often been necessary to include the social benefits of road investments within HDM-4. The simple framework for including social benefits has now been made more transparent by incorporating them within the exogenous costs and benefits user interface.
Asset Valuation
A road network is a considerable resource that has a significant asset value. It is therefore important to effectively manage this asset and to be able to estimate the financial and economic value of road assets as a function of the level of investment. This optional component of HDM-4 Version 2.0 allows a user to estimate the asset value of a network being analysed during the time period of the analysis.
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Technical Support
Find out about the technical support service offered by HDMGlobal to help users use HDM-4 effectively.
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Software Updates
For existing HDM-4 users, view the latest software release and the changes made before registering to receive the updates.
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Training & Events
Find out about HDM-4 training courses offered by HDMGlobal and their partner organisations and other related events.
