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The value of travel time savings (VTTS) is a critical parameter in transport project appraisal and through its application produces the dominating user benefit, typically 60 per cent of traditionally quantified user benefits. Beesley's work in the 1960s laid the foundation for much of the...
Persistent link: https://www.econbiz.de/10004988040
Over the past two decades the bus industry in many countries has been involved in a process of economic deregulation, competitive regulation, and privatisation. Among the policy practices designed to increase competition, competitive tendering represents a popular policy intervention. The focus...
Persistent link: https://www.econbiz.de/10004988045
Competitive tendering (CT) is a popular mechanism for the provision of transport services where a major objective is the containment of the cost to government of service provision. Although the primary focus is recognised as cost efficiency, whereby the cost outcome should be conditional on a...
Persistent link: https://www.econbiz.de/10004988107
This paper explores the influence of the dimensions of stated choice (SC) designs on the value of travel time savings. Utilising principles of experimental design, 16 choice designs are embedded within a global design in which we vary the number of choice sets, the number of alternatives in each...
Persistent link: https://www.econbiz.de/10004988170
Persistent link: https://www.econbiz.de/10007634150
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...
Persistent link: https://www.econbiz.de/10005131131
The Thredbo Conference series has developed the idea of negotiated performance-based contracts as effective public transport service delivery mechanisms, with trusting partnerships between authority and operators providing an environment likely to maximise the performance of this delivery mode....
Persistent link: https://www.econbiz.de/10005074946
Populations of post-industrial nations are aging. With a growing number of people living well into their 80s and maintaining active lives, the transportation system will have to start focussing more closely on understanding their mobility and accessibility needs, so as to ensure that specific...
Persistent link: https://www.econbiz.de/10005074964
The measurement of service quality continues to be a challenging research theme and one of great practical importance to service providers and regulatory agencies. The key challenges begin with the identification of the set of potentially important dimensions of service quality perceived by...
Persistent link: https://www.econbiz.de/10005074975
There are many empirical studies on the estimation of values of travel time savings (VTTS), with varying degrees of rigour and relevance, mostly based on the observation that travellers are prepared to spend money to save time. These values are applied to both forecasting the effects of speed...
Persistent link: https://www.econbiz.de/10005093643