Team
The team was led by R. J. Smeed, the deputy director of the British Transport and Road Research Laboratory and included 11 economists and engineers, including:
- Smeed, a noted statistician and transport planner, credited with identifying 'Smeed's law' that describes motorists' tolerance towards speed and risk. He observed that drivers would not go out if traffic speeds fell below 9 mph; but if speeds rose, more would drive until they caused more congestion.
- Gabriel Roth, a noted road transport economist.
- Michael Edwin Beesley, a pioneer of Cost Benefit Analysis techniques whose key innovation was the valuation that people give to their time.
Read more about this topic: Smeed Report
Famous quotes containing the word team:
“I doubt if men ever made a trade of heroism. In the days of Achilles, even, they delighted in big barns, and perchance in pressed hay, and he who possessed the most valuable team was the best fellow.”
—Henry David Thoreau (1817–1862)
“Imagination is a valuable asset in business and she has a sister, Understanding, who also serves. Together they make a splendid team and business problems dissolve and the impossible is accomplished by their ministrations.... Imagination concerning the world’s wants and the individual’s needs should be the Alpha and Omega of self-education.”
—Alice Foote MacDougall (1867–1945)
“Once a word is spoken, a team of four horse cannot retake it.”
—Chinese proverb.