Track 3 – Analyze and Evaluate Candidate Strategies and Applications
The next phase will allow the selected applications/strategies to be further developed, analyzed, and evaluated to confirm that the initial assumptions are still valid and to develop firm expectations of their potential contributions. Some of the activities needed to evaluate the applications/strategies are:
- Detailed and extensive cost/benefit analyses – undertake basic analytics to assess the costs of current technology and data options, including communications and hardware costs, and compare with the quantified benefits of ITS to the environment. Identify how benefits might be quantified. Might the cost per ton of carbon emissions avoided be an appropriate measure of the benefits of ITS technologies? Conduct a gap analysis to better understand what additional information is required to credibly analyze benefits and costs.