The advent of megaprojects is exacerbating the need for a comprehensive tool for decision making. Financial resources are scarce and cost-benefit analysis (CBA) can help decision makers select the most efficient allocation of these resources. This paper addresses CBA as an evaluation tool and its major weaknesses. We conclude that the treatment of residual value (RV) is inadequate and needs further research. RV represents the value of the infrastructure at the end of its project lifetime and the value that the asset generates over time. The current methods for calculating RV do not properly reflect the true value

Two important claims for carsharing systems are their increased flexibility and potential contribution to reducing transport externalities such as pollution. Carsharing typically involves a fleet of vehicles in stations around a city that clients may use on an hourly-payment basis. Classical round-trip systems address a niche market of shopping and errand trips. However, a growing market is now arising providing one-way trips to clients. Great uncertainty remains on the economic viability of this type of carsharing given the complex relation between supply and demand, and how this may influence the level of service provided. Realistic modeling tools that include both supply and demand characterization and allow testing several carsharing operational parameters are scarce. In this sense, a detailed agent-based model was developed to simulate one-way carsharing systems. The simulation incorporates a stochastic demand model discretized in time and space and a detailed environment characterization with realistic travel times. The operation includes maintenance operations, relocations and reservations. The model was applied to the case-study city of Lisbon. Our results show that comparing to other modes, carsharing performs worse than private cars both in terms of time and cost. Nevertheless, it clearly outperforms taxis in terms of cost, and outperforms buses, metro and walking in terms of travel time. The competitiveness of carsharing is highly determined by trip length, becoming more competitive than other modes (travel-time wise) as trips become longer. The operational policies as car-fleet relocation and car reservation showed significant effects in enhancing profit while preserving good customers' satisfaction.