Estimation of Travelers' Values of Time Using a Stated-preference Survey with Variable Pricing Options PDF Download

Author: Mark Whitman Burris
Publisher:
ISBN:
Category : Choice of transportation
Languages : en
Pages : 80

View

Book Description

Author: Kenneth A. Small
Publisher: Transportation Research Board
ISBN: 9780309066099
Category : Technology & Engineering
Languages : en
Pages : 84

View

Book Description

Author: Kotaro Sasai
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description
"The value of travel time (VOTT) is one of the key components for the transportation benefit evaluations. It is an imperative element in appraising the time saving benefits from transportation improvement projects and an essential input for travel demand forecast models. Furthermore, the welfare evaluation of transport pricing schemes is directly determined by VOTT estimates. After decades of research, the VOTT estimation is still a complicated task, and a research gap exists in terms of the development of an effective approach to estimate VOTT accurately. Our knowledge is limited in terms of a detailed comparison among different approaches to estimate VOTTs. This study examines two common methods to derive VOTTs from a stated-preference survey: contingent valuation (CV) and discrete choice modeling (DCM). To explore the impacts of using these two methods on VOTT estimates, the same data samples are employed from an online survey conducted in the Dallas-Fort Worth metroplex. For the CV method, the ordinal logistic regression is performed to estimate the expected willingness to pay given hypothetical time saving levels. For the DCM method, multinomial logistic regression models are developed to estimate the utility functions that determine the relative importance of travel time and travel cost and thus estimate VOTT. Furthermore, this thesis examines the traveler characteristics that affect VOTT by incorporating gender, age, income, and trip lengths in regression models. The results suggest that even if the data source (respondents) is the same, the two methods could result in different and even conflicting estimates. The CV method estimates an average VOTT of $6.10 per hour, substantially lower than the average estimate of $22.65 per hour using the DCM method. Generally, the DCM VOTT estimates are closer to calculated practical VOTTs (based on revealed preference data) and seem more reliable. The reason is that when asking respondents directly (CV), they generally hide their true willingness to pay, which results in lower VOTT estimates than those of DCM (with hypothetical scenarios). Furthermore, the two methods provide conflicting estimates when the effects of socio-demographics and travel characteristics are considered. This study sheds light on such discrepancies among methodologies to estimate VOTT. Finally, this study provides evidence that current project evaluation practices using a single method to estimate VOTT are biased/inaccurate, considering the potential inconsistencies among the estimation methods. Key words: value of travel time, contingent valuation, discrete choice modelling, willingness to pay, stated-preference surveys." --

Author: Benjamin Gerry Perez
Publisher: Transportation Research Board National Research
ISBN: 9780309258289
Category : Business & Economics
Languages : en
Pages : 276

View

Book Description
"TRB's National Cooperative Highway Research Program (NCHRP) Report 722: Assessing Highway Tolling and Pricing Options and Impacts provides state departments of transportation (DOTs) and other transportation agencies with a decision-making framework and analytical tools that describe likely impacts on revenue generation and system performance resulting from instituting or modifying user-based fees or tolling on segments of their highway system. Volume 2: Travel Demand Forecasting Tools provides an in-depth examination of the various analytical tools for direct or adapted use that are available to help develop the forecasts of potential revenue, transportation demand, and congestion and system performance based on tolling or pricing changes. Volume 1: Decision-Making Framework includes information on a decision-making framework that may be applied to a variety of scenarios in order to understand the potential impacts of tolling and pricing on the performance of the transportation system, and on the potential to generate revenue to pay for system improvements"--Publication information.

Author: David S. Kriger
Publisher: Transportation Research Board
ISBN: 0309097762
Category : Transportation
Languages : en
Pages : 113

View

Book Description

Author: Yin-Yen Tseng.
Publisher: Rozenberg Publishers
ISBN: 9051708467
Category :
Languages : en
Pages : 206

View

Book Description

Author: Yin-Yen Tseng
Publisher:
ISBN:
Category :
Languages : en
Pages : 14

View

Book Description

Author: Jordan J. Louviere
Publisher: Cambridge University Press
ISBN: 1107717515
Category : Business & Economics
Languages : en
Pages : 436

View

Book Description
Understanding and predicting the behaviour of decision makers when choosing among discrete goods has been one of the most fruitful areas of applied research over the last thirty years. An understanding of individual consumer behaviour can lead to significant changes in product or service design, pricing strategy, distribution channel and communication strategy selection, as well as public welfare analysis. This graduate and practitioner guide, first published in 2000, deals with the study and prediction of consumer choice behaviour, concentrating on stated preference (SP) methods - placing decision makers in controlled experiments that yield hypothetical choices - rather than revealed preferences (RP) - actual choices in the market. It shows how SP methods can be implemented, from experimental design to econometric modelling, and suggests how to combine RP and SP data to get the best from each type. The book also presents an update of econometric approaches to choice modelling.

Author: Kenneth A. Small
Publisher: Taylor & Francis
ISBN: 135165344X
Category : Business & Economics
Languages : en
Pages : 433

View

Book Description
This new edition of the seminal textbook The Economics of Urban Transportation incorporates the latest research affecting the design, implementation, pricing, and control of transport systems in towns and cities. The book offers an economic framework for understanding the societal impacts and policy implications of many factors including congestion, traffic safety, climate change, air quality, COVID-19, and newly important developments such as ride-hailing services, electric vehicles, and autonomous vehicles. Rigorous in approach and making use of real-world data and econometric techniques, the third edition features a new chapter on the special challenges of managing the energy that powers transportation systems. It provides fully updated coverage of well-known topics and a rigorous treatment of new ones. All of the basic topics needed to apply economics to urban transportation are included: Forecasting demand for transportation services under various conditions Measuring costs, including those incurred by users and incorporating two new tools to describe congestion in dense urban areas Setting prices under practical constraints Evaluating infrastructure investments Understanding how private and public sectors interact to provide services Written by three of the field’s leading researchers, The Economics of Urban Transportation is essential reading for students, researchers, and practicing professionals in transportation economics, planning, engineering, or related disciplines. With a focus on workable models that can be adapted to future needs, it provides tools for a rapidly changing world.

Author:
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 342

View

Book Description
Provides a forum for the latest developments in transportation information and data, theory, concepts, and methods of analysis relevant to all aspects of the transportation system. Publishes original research on the use of information to improve public and private decisionmaking for transportation.