Estimation of value of travel-time savings using mixed logit models
نویسندگان
چکیده
منابع مشابه
Estimation of value of travel-time savings using Mixed Logit models
In this paper, we discuss some of the issues that arise with the computation of the implied value of travel-time savings in the case of discrete choice models allowing for random taste heterogeneity. We specifically look at the case of models producing a non-zero probability of positive travel-time coefficients, and discuss the consistency of such estimates with theories of rational economic be...
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The distribution of the value of travel time savings (VTTS) is investigated employing nonparametric techniques on a large, high quality data set. When background variables are not included in the model it is found that the right tail of the distribution is not observed and hence the mean VTTS cannot be evaluated. This conclusion changes when background variables are introduced into a semiparame...
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The Swiss study of the value of travel time savings (VTTS), conducted by König, Axhausen und Abay (2004) reported unexpectedly high values for shopping trips from early experimental stated preference experiments, which were finally not included in the main study. Therefore a study focusing only shopping travel was conducted to see, if these results could be replicated. This study estimates VTTS...
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This paper presents the estimation of travel time on highways based on macroscopic modelling. The focus is on real-time values as compaved to average or static values. The macroscopic models are used for distributed and timehpace lumped settings and corresponding travel time estimation functions and algorithms are developed. The implications of these algorithms for the implementation of various...
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The value of travel time savings (VTTS) is the monetary value attached to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical (Zamparini & Reggiani, 2007). "It is difficult to...
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ژورنال
عنوان ژورنال: Transportation Research Part A: Policy and Practice
سال: 2005
ISSN: 0965-8564
DOI: 10.1016/j.tra.2004.09.007