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Travel time variability (i.e., random variations in travel time) leads to a travel time distribution for a repeated trip from a fixed origin to destination (e.g., from home to work). To represent travel time variability, a series of possible travel times per alternative (departure time, route or...
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This paper replaces the nested logit [`]trick' used in estimation of a modal choice model, when stated preference (SP) and revealed preference (RP) data are pooled, with an error component mixed logit model that can (i) relax the IID condition attached to subsets of alternatives in nested logit...
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The burgeoning commitment to contracting the delivery of bus services through competitive tendering or negotiated performance-based contracts has been accompanied by as many contract payments schemes as there are contracts. We are now well placed to design a simplified performance-linked payment...
Persistent link: https://www.econbiz.de/10010593856
In the transport sector, many types of contracts exist. Some are very precise, and strive for completeness; others are very [`]light-weight' and are incomplete. Bus and coach contracts, won through competitive tendering or negotiation, are typically incomplete in the sense of an inability to...
Persistent link: https://www.econbiz.de/10008863052
This paper presents a qualitative assessment of the risk perceptions held by key Australian stakeholder groups in the context of tollroads operated under the public-private-partnership model. The findings confirm that experience accumulated in recent years has contributed toward the betterment...
Persistent link: https://www.econbiz.de/10008863056
This paper reviews a number of themes that have played a crucial role in the debate on alternative contracting regimes for the provision of urban bus services. We have selected four crucial issues to reflect on: (i) contractual regimes (in particular competitive tendering as compared to...
Persistent link: https://www.econbiz.de/10008863062