Value of travel time (VOTT) is a key factor in cost benefit analysis for transport projects, since benefit of time saving overshadows other benefit. Although it is clear that value of travel time varies according to travelers and travel environments, this value has often been often assumed as a constant in its applications for the sake of analytical convenience. In this paper discrete route choice model, which is easy to catch the variation of value of travel time, is used to conclude the relationship between value of travel time and travel time. A nationwide stated preference survey provides the data source for this analysis. This paper also makes an attempt to apply the evaluated variable value of travel time to benefit analysis of transport projects. A comparison between benefits calculated from the variable value of travel time and fixed values confirms that fixed value of time may produce a substantial bias.


    Zugriff

    Zugriff prüfen

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Empirical Examination on Variation of Value of Travel Time and Its Application to Benefit Analysis


    Beteiligte:
    Jiang, Mei-Lan (Autor:in) / Morikawa, Takayuki (Autor:in) / Sobue, Seiji (Autor:in)

    Kongress:

    International Conference on Traffic and Transportation Studies (ICTTS) 2002 ; 2002 ; Guilin, China



    Erscheinungsdatum :

    2002-07-10




    Medientyp :

    Aufsatz (Konferenz)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch




    Empirical Examination on Variation of Value of Travel Time and Its Application to Benefit Analysis

    Jiang, M.-L. / Morikawa, T. / Sobue, S. et al. | British Library Conference Proceedings | 2002



    Theoretical analysis on the variation of value of travel time savings

    Jiang, Meilan / Morikawa, Takayuki | Elsevier | 2003



    Prediction of travel time variability for cost-benefit analysis

    Peer, Stefanie / Koopmans, Carl C. / Verhoef, Erik T. | Elsevier | 2011