The value of travel time variance
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
Standard
The value of travel time variance. / Fosgerau, Mogens; Engelson, Leonid.
I: Transportation Research Part B: Methodological, Bind 45, Nr. 1, 01.2011, s. 1-8.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - The value of travel time variance
AU - Fosgerau, Mogens
AU - Engelson, Leonid
PY - 2011/1
Y1 - 2011/1
N2 - This paper considers the value of travel time variability under scheduling preferences that are defined in terms of linearly time varying utility rates associated with being at the origin and at the destination. The main result is a simple expression for the value of travel time variability that does not depend on the shape of the travel time distribution. The related measure of travel time variability is the variance of travel time. These conclusions apply equally to travellers who can freely choose departure time and to travellers who use a scheduled service with fixed headway. Depending on parameters, travellers may be risk averse or risk seeking and the value of travel time may increase or decrease in the mean travel time.
AB - This paper considers the value of travel time variability under scheduling preferences that are defined in terms of linearly time varying utility rates associated with being at the origin and at the destination. The main result is a simple expression for the value of travel time variability that does not depend on the shape of the travel time distribution. The related measure of travel time variability is the variance of travel time. These conclusions apply equally to travellers who can freely choose departure time and to travellers who use a scheduled service with fixed headway. Depending on parameters, travellers may be risk averse or risk seeking and the value of travel time may increase or decrease in the mean travel time.
KW - Reliability
KW - Scheduling preferences
KW - Value of travel time
KW - Value of travel time variability
UR - http://www.scopus.com/inward/record.url?scp=78149497052&partnerID=8YFLogxK
U2 - 10.1016/j.trb.2010.06.001
DO - 10.1016/j.trb.2010.06.001
M3 - Journal article
AN - SCOPUS:78149497052
VL - 45
SP - 1
EP - 8
JO - Transportation Research. Part B: Methodological
JF - Transportation Research. Part B: Methodological
SN - 0191-2615
IS - 1
ER -
ID: 181872437