Professional Documents
Culture Documents
Engineering-2014
MNNIT Allahabad
Paper Title: A Novel Freight Traffic Forecasting Algorithm
using Econometric Modeling as per IRC Guidelines
Presented By:
Mukul Garg
Student, National Institute of Technology, Raipur
Traffic Forecasting
WHAT IS IT??
Importance
Predicts economic feasibility of a project
Helpful in pavement design
Helps maintain require level of serviceability
of pavement
Econometric Model
An
econometric
model
specifies
pertaining
to
particular
Parameters under
consideration
Global Parameters
Gross domestic product (GDP)
Net state domestic product (NSDP)
Gross national product (GNP)
Local Parameters
Per Capita net district domestic product(PCNDDP)
Net district domestic product (NDDP)
Commodity wise sectorial growth
Methodology
For Elasticity, Cumulative Average
Growth Rate (CAGR) is calculated
using time-series analysis of
registration data of previous years
(ln-ln Regression)
Economic factor is calculated using
weighted commodity-wise sectorial
growth rate of economic factor
Case Study
The developed algorithm has been
validated with a selected project stretch of
National highway NH-56 in the state of
Uttar Pradesh in India.
Data Collection
Primary Data Sources:
surveys like registration plate survey and
O-D survey was carried out to identify the
Secondary Data Sources:
Socio-Economic Review of PIA states
Road transport year book
Results
Growth rates of economic factor (sectorial Growth) for the base year _PIAcommodity influence
Results
Results
14.00%
12.00%
10.00%
8.00%
6.00%
Traffic Growth rate, %
4.00%
2.00%
0.00%
2011-2015
2016-2020
2021-2025
2026-2030
2031-2035
-2.00%
-4.00%
LM V NSDP-Sectorwise LM V NSDP
3AT NSDP
LCV NSDP-Sectorwise LCV NSDP 2AT NSDP-Sectorwise 2AT NSDP 3AT NSDP-Sectorwise
M AV NSDP-Sectorwise M AV NSDP
Conclusions
The model prepared is more robust
which is primarily due to inclusion of
local parameters and commodity
wise growth.
Limitations:
Economic Factor remains constant
References
THANK YOU