Journal Article

Cost-Benefits Analysis of Establishing a Bike-Sharing System Between Başkent Unıversity and Koru Metro

Uğur Ersoy, Gökhan Ünalan, Duygu Dündar Öztaşçı

2021

Overview

Based on the idea that bike-sharing systems integrated into public transportation systems could bring remarkable alternative solutions to the transportation problems (where demand for public transportation has high potential but is undermined for various reasons e.g., because the distance between destination and metro station is too short for a second public vehicle but too long for walking), as well as have significant social benefits in terms of the environment and public health, this studydiscusses whether or not such an activity should be supported. Since the distance between Başkent University and Koru metro station in Ankara is short but transportation is difficult, the area is investigated in this study as a pilot application using the cost-benefit analysis technique. In this context, firstly, a survey is conducdet among the students of Başkent University to determine the demand for the mentioned bicycle lane and bicycle sharing system after establishing the basic assumptions and model of the study. Second, the study conducts a cost-benefit analysis based on different discount rates by monetizing the cost and benefit items over the 20-year Project life, and determining the net present value of the total costs and, benefits, a sensitivity analysis was conducted for the “good,”medium,” and “poor” scenarios, and the sustainability of the bike lane and the bike sharing system (compared to alternative electric vehicles) as a public policy was discussed. As a result, the study supports such activity as the benefit-cost ratio was 5.19 under certain assumptions where the economic life is assumed to be 20 years.

• Publisher: Istanbul University Press
• Subject: bicycle sharing system / cost-benefit analysis / environment / public health / traffic