About Tredis software
TREDIS Software: Revolutionizing Transportation Economic Development Impact Analysis
TREDIS® is a powerful software tool that has been designed to help transportation planners and consultants conduct economic development impact evaluation and benefit-cost analysis for transportation investments. The software is an interactive system of tools that enables users to analyze the economic impacts of various transportation projects, including highways, airports, railroads, ports, and transit systems.
TREDIS Software was developed by economists at the Cambridge Systematics consulting firm in response to the growing need for more accurate and comprehensive economic impact analysis in the transportation sector. The software has since become a leading tool for transportation planners and consultants across North America.
The TREDIS system includes a range of modules that can be used to evaluate different types of transportation projects. These modules include:
- Economic Impact Analysis: This module allows users to estimate the direct and indirect economic impacts of a given project on local economies. It includes tools for estimating changes in employment, income, output, tax revenues, and other key indicators.
- Benefit-Cost Analysis: This module enables users to compare the costs of a project with its expected benefits over time. It includes tools for estimating both monetary (e.g., travel time savings) and non-monetary (e.g., improved safety) benefits.
- Scenario Analysis: This module allows users to test different scenarios or assumptions about how a project might affect local economies over time. It can be used to evaluate alternative investment options or assess risks associated with different outcomes.
- GIS Mapping: This module provides powerful mapping capabilities that allow users to visualize data related to their projects on maps or other geographic displays. It can be used to identify areas where investments are most needed or where potential impacts may be greatest.
One key advantage of TREDIS Software is its ability to handle complex data sets from multiple sources. The software can import data from a variety of sources including census data, labor market information systems (LMIS), regional input-output models, and other economic databases. This allows users to create customized models that reflect the unique characteristics of their local economies.
Another advantage of TREDIS Software is its user-friendly interface. The software has been designed to be easy to use, even for non-economists. It includes a range of tutorials and training materials that can help users get up to speed quickly.
TREDIS Software has been used by transportation planners and consultants across North America to evaluate a wide range of projects, from highway expansions to transit system upgrades. Some recent examples include:
- A study conducted by the Texas Department of Transportation (TxDOT) using TREDIS Software found that a proposed high-speed rail line between Dallas and Houston could generate up to $36 billion in economic benefits over 25 years.
- A study conducted by the Metropolitan Council in Minnesota using TREDIS Software found that investments in transit infrastructure could generate up to $2 billion in economic benefits over 20 years.
- A study conducted by the Port Authority of New York and New Jersey using TREDIS Software found that improvements at Newark Liberty International Airport could generate up to $3 billion in economic benefits over 20 years.
Overall, TREDIS Software is an essential tool for transportation planners and consultants who need accurate and comprehensive economic impact analysis for their projects. Its powerful modeling capabilities, user-friendly interface, and ability to handle complex data sets make it an ideal choice for anyone looking to conduct rigorous benefit-cost analysis or scenario testing related to transportation investments.
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