Value of Travel Time
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چکیده
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 to travel on a congestion-free toll facility (assuming one is available). Travelers with high values of time will likely choose to take the tolled route.
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