Abstract
Evaluation methods such as Cost Benefit Analysis based on demand forecasting have been used conventionally, but it is necessary to come up with a flexible framework of policy evaluation that is more responsive to quality of life of individuals. We develop a methodology of QOLA that can a) measure individual's satisfaction of fundamental five elements, b) quantify the weight of each element and elasticity of substitution among elements, and c) represent QOL as general satisfaction. The weight of each element is endogenously determined depending on satisfaction level and its perception time. As a case study, this methodology is applied to evaluate the impacts of intercity transport infrastructure.
