Highlights An adaptive navigation approach for risk-averse travelers is developed. Routing criteria include prospect and on-time arrival reliability. Routing decision is made adaptive to real time traffic condition. The outcome is a path with low travel cost and high on-time reliability.
Abstract This paper develops an adaptive navigation approach for risk-averse travelers in a stochastic network while considering on-time arrival reliability, in which travelers’ final utility is measured with the prospect theory. Instead of finding a route or a policy that simply minimizes the expected travel time or maximizes the on-time arrival reliability, this model optimizes the expected prospect of potential routing alternatives while ensuring that both the expected en route travel time and resultant on-time arrival reliability are acceptable to the traveler. Moreover, the formulation is designed to incorporate various sources of information and real time traffic states in an adaptive routing framework, offering flexibility to incorporate different information types deemed useful in future extensions.
Adaptive vehicle routing for risk-averse travelers
Tramsportation Research, Part C: Emerging Technologies ; 36 ; 460-479
2013-06-30
20 pages
Article (Journal)
Electronic Resource
English
Adaptive vehicle routing for risk-averse travelers
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