An increased number of sensors used in traffic networks to obtain more information will lead to higher costs. This study proposes a minimum investment model for optimal traffic network sensor layout, which considers the spatial distribution characteristics of traffic information, homogeneity of various link locations, and total project costs. The model divides a road network into link sections and network nodes and determines the key points. Through segmentation, the model simplifies the network optimisation problem into a multi‐section optimisation problem, and the model is tested and validated in a field test for a typical road network consisting of an expressway and several arterial roads in Beijing. It is shown that the proposed model effectively solves the network sensor location problem for traffic information acquisition. While comprehensive and reliable traffic information is obtained at any given location in the road network to meet the practical engineering requirements, this model produces sensor layout strategies with minimum cost, and provides guidance for engineering applications in the field. Finally, by analysing the sensitivity of model parameters, some recommended sensor layout strategies are proposed to reduce the investment cost and provide a decision‐making basis for traffic information acquisition implementation and fine traffic management.


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