### Abstract

As discussed in the chapter 1, it is useful, as a background to studies of transportation economics, to have a good understanding of the principles of engineering economy, which is extensively treated in the literature [1-4], and of basic banking (compounding) formulae. A study of the methods for handling time differences in the comparison of various project costs (including initial costs, recurring costs, etc) is essential. Every engineer who is called upon to make engineering studies involving cost analysis should be familiar with the following derivations of mathematical formulas used in converting costs that are dissimilar in time to comparable bases. Without these conversions, it would be impossible to compare costs occurring in the future with costs that occur now.

Original language | English (US) |
---|---|

Title of host publication | Springer Tracts on Transportation and Traffic |

Publisher | Springer International Publishing |

Pages | 7-27 |

Number of pages | 21 |

Volume | 3 |

DOIs | |

State | Published - 2013 |

### Publication series

Name | Springer Tracts on Transportation and Traffic |
---|---|

Volume | 3 |

ISSN (Print) | 21948119 |

ISSN (Electronic) | 21948127 |

### Fingerprint

### ASJC Scopus subject areas

- Transportation
- Urban Studies
- Strategy and Management

### Cite this

*Springer Tracts on Transportation and Traffic*(Vol. 3, pp. 7-27). (Springer Tracts on Transportation and Traffic; Vol. 3). Springer International Publishing. https://doi.org/10.1007/978-3-642-38580-3_2

**Banking formulae.** / Prassas, Elena; Roess, Roger P.

Research output: Chapter in Book/Report/Conference proceeding › Chapter

*Springer Tracts on Transportation and Traffic.*vol. 3, Springer Tracts on Transportation and Traffic, vol. 3, Springer International Publishing, pp. 7-27. https://doi.org/10.1007/978-3-642-38580-3_2

}

TY - CHAP

T1 - Banking formulae

AU - Prassas, Elena

AU - Roess, Roger P.

PY - 2013

Y1 - 2013

N2 - As discussed in the chapter 1, it is useful, as a background to studies of transportation economics, to have a good understanding of the principles of engineering economy, which is extensively treated in the literature [1-4], and of basic banking (compounding) formulae. A study of the methods for handling time differences in the comparison of various project costs (including initial costs, recurring costs, etc) is essential. Every engineer who is called upon to make engineering studies involving cost analysis should be familiar with the following derivations of mathematical formulas used in converting costs that are dissimilar in time to comparable bases. Without these conversions, it would be impossible to compare costs occurring in the future with costs that occur now.

AB - As discussed in the chapter 1, it is useful, as a background to studies of transportation economics, to have a good understanding of the principles of engineering economy, which is extensively treated in the literature [1-4], and of basic banking (compounding) formulae. A study of the methods for handling time differences in the comparison of various project costs (including initial costs, recurring costs, etc) is essential. Every engineer who is called upon to make engineering studies involving cost analysis should be familiar with the following derivations of mathematical formulas used in converting costs that are dissimilar in time to comparable bases. Without these conversions, it would be impossible to compare costs occurring in the future with costs that occur now.

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U2 - 10.1007/978-3-642-38580-3_2

DO - 10.1007/978-3-642-38580-3_2

M3 - Chapter

VL - 3

T3 - Springer Tracts on Transportation and Traffic

SP - 7

EP - 27

BT - Springer Tracts on Transportation and Traffic

PB - Springer International Publishing

ER -