There are experimental based software packages as well as traffic simulation models that are used for analyzing life cycle cost of road projects. Among those our study was focused on currently available models to analyze the road user delay costs and to identify factors affecting road user delay costs. Sensitivity analyses were performed to identify the important factors that influence the user delay cost. Finally, prediction of future traffic demand as well as user delay cost, using the binomial lattice model, were presented to include the uncertainty of future traffic and user delay costs. The results of this study could help the highway designers with evaluating the future traffic.