Abstract
The paper addresses specific problems associated with formulating investment priorities for national road improvements in Korea. More specifically, the objectives of the paper are (1) to present a model for formulating investment priorities for road improvements that may be useful to developing countries, (2) to test the model with simplified data for deriving investment priorities for Korea's road improvements, and (3) to learn lessons that can be applicable to other developing countries with particular respect to recommending investment priorities for road improvements. The study results are useful for planners, in developing countries, and also for evaluation analysts in funding institutions who are confronted with evaluating investment priorities for deteriorating road conditions.
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