Estimating the value of travel time and of travel time reliability in road networks
نویسندگان
چکیده
منابع مشابه
Value of Travel Time :Theoretical and Empirical Method
The value of travel time savings (VTTS) is the monetary value attached to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical (Zamparini & Reggiani, 2007). "It is difficult to...
متن کاملValue of Travel Time
For example, if someone is in the central business district of a large city, it might be cheapest to walk to a given destination. However, if the traveler has a particularly high value of travel time, the person might elect to pay for a ride to get to his or her destination faster. Similarly, a person driving a car might be faced with the choice between sitting in congestion or electing to pay ...
متن کاملValue of travel time reliability: A review of current evidence
Travel time reliability is a fundamental factor in travel behavior. It represents the temporal uncertainty experienced by travelers in their movement between any two nodes in a network. The importance of the time reliability depends on the penalties incurred by the travelers. In road networks, travelers consider the existence of a trip travel time uncertainty in different choice situations (dep...
متن کاملArriving on time: estimating travel time distributions on large-scale road networks
Most optimal routing problems focus on minimizing travel time or distance traveled. Oftentimes, a more useful objective is to maximize the probability of on-time arrival, which requires statistical distributions of travel times, rather than just mean values. We propose a method to estimate travel time distributions on large-scale road networks, using probe vehicle data collected from GPS. We pr...
متن کاملThe Use and Value of Travel Time
This paper, focused primarily on UK data and debates, considers the potential significance of travel time use within past, present and future patterns of mobility. In transport scheme appraisal, savings in travel time typically represent a substantial proportion of the benefits of a scheme – benefits used to justify its often enormous financial costs. Such benefits are founded on the assumption...
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ژورنال
عنوان ژورنال: Transportation Research Part B: Methodological
سال: 2014
ISSN: 0191-2615
DOI: 10.1016/j.trb.2014.01.002