HDM-4 Model definition
HDM-4 Model means the Highway Development Management Model which is used to carry out technical and economic evaluations of road investments;
Examples of HDM-4 Model in a sentence
Using the HDM-4 Model, the Government has initially selected five road segments for periodic maintenance.
The economic returns to periodic maintenance of these 2,000 kilometers were estimated using the HDM-4 Model, which estimates the increase in consumer surplus from a decline in transport costs as represented by the decrease in vehicle operating costs and travel time caused by a road improvement.