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This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to being in the one location, over being elsewhere. It is...
Persistent link: https://www.econbiz.de/10011372988
The value of travel time plays an important role in cost benefit analysis of infrastructureprojects. However, the issue of uncertainty on travel times and the implications this has forestimations of travel time values has received much less attention in the literature. In thispaper we compare...
Persistent link: https://www.econbiz.de/10011333900
The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker's (1965) by using a combination of revealed and stated...
Persistent link: https://www.econbiz.de/10009611637
Persistent link: https://www.econbiz.de/10013259937
The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker's (1965) by using a combination of revealed and stated...
Persistent link: https://www.econbiz.de/10010189484
The first-in, first-out (FIFO) queue discipline respects the order of arrival but is not efficient when customers have heterogeneous waiting costs. Priority queues, in which customers with higher waiting costs are served before customers with lower waiting costs, are more efficient but usually...
Persistent link: https://www.econbiz.de/10012972118
controlling for simultaneity HOT drivers instead respond to tolls in a manner consistent with economic theory. The average …
Persistent link: https://www.econbiz.de/10014115658
Persistent link: https://www.econbiz.de/10012266534
Analyzing the flow of vehicles within a metropolitan area is essential to understand traffic congestion better and evaluate urban mobility for more environmentally and sustainable targets. This study uses real-time big data to conduct a spatiotemporal analysis of traffic congestion patterns in...
Persistent link: https://www.econbiz.de/10014541885