Subjects addressed:Financial Management/Asset Valuation, Life Cycle Costing/Economic Analysis
Topics addressed:Analytical Tools and Models, Data Collection Tools/Technologies, Management Information Systems
Asset types addressed:Transit
DetailTitle: Transit Economics Requirements Model (TERM) : Overview and Application
Resource type: Presentation
Year published: 2009
Publisher: U.S. Dept. of Transportation, Federal Transit Administration
Presented at the first FTA SGR Roundtable. TERM is used to assess the current physical condition and future investment needs of the nation’s transit assets / operators. TERM uses six modules to estimate national transit investment needs: Rehab–Replacement (Maintain or Improve Condition); Asset Expansion (Maintain Performance); Reduce Crowding (Improve Performance I); Increase Average Speed (Improve Performance II); Benefit-Cost I (Maintain/Improve Condition, Maintain Performance); and Benefit-Cost II (Improve Performance), to Evaluate cost-effectiveness of performance improvement investments.