#1
1. In transportation planning, what does LOS stand for?
Level of Service
ExplanationIndicator of the quality of transportation service.
#2
6. What does the term 'Economies of Scale' mean in transportation economics?
Increasing production leads to a decrease in average costs
ExplanationCost advantage gained by increased production.
#3
11. What does the term 'Toll Booth Equilibrium' refer to in transportation economics?
An optimal toll pricing strategy to maximize revenue
ExplanationBalancing toll rates for optimal revenue generation.
#4
16. What is the purpose of the 'Hausman Test' in transportation modeling?
To test the independence of variables in a model
ExplanationAssessing if variables are statistically independent.
#5
21. What is the primary objective of 'Elasticity of Demand' in transportation economics?
To study the responsiveness of demand to price changes
ExplanationUnderstanding how demand changes with price variations.
#6
2. What is the primary purpose of the cost-benefit analysis in transportation projects?
To determine the economic viability of the project
ExplanationTo weigh project costs against its potential benefits.
#7
3. What is the formula to calculate the cost per unit in transportation cost analysis?
Total Cost / Quantity
ExplanationRatio of total cost to quantity, indicating unit cost.
#8
7. What is the purpose of the Travel Demand Forecasting model in transportation planning?
To predict future transportation needs and patterns
ExplanationEstimating future travel demands for planning purposes.
#9
8. In transportation engineering, what does the term 'Capacity' refer to?
The maximum number of vehicles a road can handle
ExplanationMaximum load or traffic volume a facility can support.
#10
12. What is the role of a 'Feasibility Study' in transportation project planning?
To determine if a project is possible and worthwhile
ExplanationAssessing project viability and potential benefits.
#11
4. In linear programming, what does the objective function represent?
Goal to be maximized or minimized
ExplanationFunction representing the objective or goal of the problem.
#12
5. What is the critical path in project management?
The longest path in the project network
ExplanationSequence of tasks determining project duration.
#13
9. What is the primary goal of network optimization in transportation systems?
Minimizing travel time
ExplanationEfficiently routing traffic to reduce travel duration.
#14
10. In the context of transportation economics, what is the 'Law of Diminishing Returns'?
As the quantity of a factor increases, the marginal productivity decreases
ExplanationDecreasing marginal output with increased input.
#15
14. What is the purpose of 'Queuing Theory' in transportation systems?
To study waiting lines and congestion
ExplanationAnalyzing waiting times and congestion patterns.