Randy specializes in quantitative economics, finance, and transportation economics.Methods and Tools Benefit-Cost Analysis
ECONorthwest applies benefit-cost analysis to help decision makers compare different project and policy options.Econometric & Statistical Analysis & Modeling
ECONorthwest can construct or deconstruct any econometric and statistical model or analysis.
ECONorthwest specializes in modeling and evaluating efficient pricing mechanisms for transportation facilities, including congestion pricing, value pricing and high-occupancy toll (HOT) lanes. Our tolling models can incorporate the project owner's business rules, such as maximum toll levels and minimum speeds, and can be optimized for travelers' benefits, revenue production, or level-of-service maintenance.
ECONorthwest’s customized models range from sketch-level tools that require minimal data input to fully detailed models that iterate with regional travel-demand models to capture diversion. Our models help decision makers at all stages of planning, from screening alternatives to investment-grade analysis for financing the chosen alternative.
In addition to modeling the traffic and revenue effects of pricing alternatives, ECONorthwest can model the economic impacts of changes in travel behavior that would result from the imposition of pricing.