IDEAS home Printed from https://ideas.repec.org/a/eee/retrec/v23y2008i1p41-52.html
   My bibliography  Save this article

Waiting time and the role and value of information in scheduled transport

Author

Listed:
  • Larsen, Odd I.
  • Sunde, yvind

Abstract

A new logit-based model for assigning public transit passengers to transit lines or routes is proposed. The model is based on the realistic assumption that once passengers arrive at stops, they can obtain information regarding the specific departure times. Furthermore, it takes into account that passengers are heterogeneous and hence, the choice made by a [`]representative' passenger appears to be stochastic. The model is evaluated by means of simulations.

Suggested Citation

  • Larsen, Odd I. & Sunde, yvind, 2008. "Waiting time and the role and value of information in scheduled transport," Research in Transportation Economics, Elsevier, vol. 23(1), pages 41-52, January.
    • Handle: RePEc:eee:retrec:v:23:y:2008:i:1:p:41-52
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0739-8859(08)00042-5
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Spiess, Heinz & Florian, Michael, 1989. "Optimal strategies: A new assignment model for transit networks," Transportation Research Part B: Methodological, Elsevier, vol. 23(2), pages 83-102, April.
    2. Mohring, Herbert, 1972. "Optimization and Scale Economies in Urban Bus Transportation," American Economic Review, American Economic Association, vol. 62(4), pages 591-604, September.
    3. Belgacem Bouzaïene-Ayari & Michel Gendreau & Sang Nguyen, 2001. "Modeling Bus Stops in Transit Networks: A Survey and New Formulations," Transportation Science, INFORMS, vol. 35(3), pages 304-321, August.
    4. Wardman, Mark, 0. "A review of British evidence on time and service quality valuations," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 37(2-3), pages 107-128, April.
    5. Xavier Gabaix & David Laibson & Guillermo Moloche & Stephen Weinberg, 2006. "Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model," American Economic Review, American Economic Association, vol. 96(4), pages 1043-1068, September.
    6. Nielsen, Otto Anker, 2000. "A stochastic transit assignment model considering differences in passengers utility functions," Transportation Research Part B: Methodological, Elsevier, vol. 34(5), pages 377-402, June.
    7. Rietveld, P. & Bruinsma, F. R. & van Vuuren, D. J., 2001. "Coping with unreliability in public transport chains: A case study for Netherlands," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(6), pages 539-559, July.
    8. Kjell Jansson & Bosse Ridderstolpe, 1992. "A Method for the Route-Choice Problem in Public Transport Systems," Transportation Science, INFORMS, vol. 26(3), pages 246-251, August.
    9. Claude Chriqui & Pierre Robillard, 1975. "Common Bus Lines," Transportation Science, INFORMS, vol. 9(2), pages 115-121, May.
    10. Guido Gentile & Sang Nguyen & Stefano Pallottino, 2005. "Route Choice on Transit Networks with Online Information at Stops," Transportation Science, INFORMS, vol. 39(3), pages 289-297, August.
    11. Weitzman, Martin L, 1979. "Optimal Search for the Best Alternative," Econometrica, Econometric Society, vol. 47(3), pages 641-654, May.
    12. Sang Nguyen & Stefano Pallottino & Michel Gendreau, 1998. "Implicit Enumeration of Hyperpaths in a Logit Model for Transit Networks," Transportation Science, INFORMS, vol. 32(1), pages 54-64, February.
    13. Philippe H. J. Marguier & Avishai Ceder, 1984. "Passenger Waiting Strategies for Overlapping Bus Routes," Transportation Science, INFORMS, vol. 18(3), pages 207-230, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Feder, Christophe, 2018. "Decentralization and spillovers: A new role for transportation infrastructure," Economics of Transportation, Elsevier, vol. 13(C), pages 36-47.
    2. Mohammad Reza Amin-Naseri & Vahid Baradaran, 2015. "Accurate Estimation of Average Waiting Time in Public Transportation Systems," Transportation Science, INFORMS, vol. 49(2), pages 213-222, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Li, Qianfei & (Will) Chen, Peng & (Marco) Nie, Yu, 2015. "Finding optimal hyperpaths in large transit networks with realistic headway distributions," European Journal of Operational Research, Elsevier, vol. 240(1), pages 98-108.
    2. Nassir, Neema & Hickman, Mark & Ma, Zhen-Liang, 2019. "A strategy-based recursive path choice model for public transit smart card data," Transportation Research Part B: Methodological, Elsevier, vol. 126(C), pages 528-548.
    3. Padma Seetharaman, 2017. "Modelling risk aversion using a disaggregate stochastic process model in congested transit networks," Public Transport, Springer, vol. 9(3), pages 549-569, October.
    4. Oded Cats & Zafeira Gkioulou, 2017. "Modeling the impacts of public transport reliability and travel information on passengers’ waiting-time uncertainty," EURO Journal on Transportation and Logistics, Springer;EURO - The Association of European Operational Research Societies, vol. 6(3), pages 247-270, September.
    5. Cancela, Héctor & Mauttone, Antonio & Urquhart, María E., 2015. "Mathematical programming formulations for transit network design," Transportation Research Part B: Methodological, Elsevier, vol. 77(C), pages 17-37.
    6. Cortés, Cristián E. & Jara-Moroni, Pedro & Moreno, Eduardo & Pineda, Cristobal, 2013. "Stochastic transit equilibrium," Transportation Research Part B: Methodological, Elsevier, vol. 51(C), pages 29-44.
    7. Cats, Oded & Koutsopoulos, Haris N. & Burghout, Wilco & Toledo, Tomer, 2013. "Effect of real-time transit information on dynamic path choice of passengers," Working papers in Transport Economics 2013:28, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
    8. Valentina Trozzi & Guido Gentile & Ioannis Kaparias & Michael Bell, 2015. "Effects of Countdown Displays in Public Transport Route Choice Under Severe Overcrowding," Networks and Spatial Economics, Springer, vol. 15(3), pages 823-842, September.
    9. Tarun Rambha & Stephen D. Boyles & S. Travis Waller, 2016. "Adaptive Transit Routing in Stochastic Time-Dependent Networks," Transportation Science, INFORMS, vol. 50(3), pages 1043-1059, August.
    10. Trozzi, Valentina & Gentile, Guido & Bell, Michael G.H. & Kaparias, Ioannis, 2013. "Dynamic user equilibrium in public transport networks with passenger congestion and hyperpaths," Transportation Research Part B: Methodological, Elsevier, vol. 57(C), pages 266-285.
    11. Wu, Di & Yin, Yafeng & Lawphongpanich, Siriphong, 2011. "Pareto-improving congestion pricing on multimodal transportation networks," European Journal of Operational Research, Elsevier, vol. 210(3), pages 660-669, May.
    12. Codina, Esteve & Rosell, Francisca, 2017. "A heuristic method for a congested capacitated transit assignment model with strategies," Transportation Research Part B: Methodological, Elsevier, vol. 106(C), pages 293-320.
    13. Belgacem Bouzaïene-Ayari & Michel Gendreau & Sang Nguyen, 2001. "Modeling Bus Stops in Transit Networks: A Survey and New Formulations," Transportation Science, INFORMS, vol. 35(3), pages 304-321, August.
    14. Cortés, Cristián E. & Donoso, Pedro & Gutiérrez, Leonel & Herl, Daniel & Muñoz, Diego, 2023. "A recursive stochastic transit equilibrium model estimated using passive data from Santiago, Chile," Transportation Research Part B: Methodological, Elsevier, vol. 174(C).
    15. Cepeda, M. & Cominetti, R. & Florian, M., 2006. "A frequency-based assignment model for congested transit networks with strict capacity constraints: characterization and computation of equilibria," Transportation Research Part B: Methodological, Elsevier, vol. 40(6), pages 437-459, July.
    16. Suman, Hemant & Larrain, Homero & Muñoz, Juan Carlos, 2021. "The impact of using a naïve approach in the limited-stop bus service design problem," Transportation Research Part A: Policy and Practice, Elsevier, vol. 149(C), pages 45-61.
    17. Ren, Hualing & Song, Yingjie & Long, Jiancheng & Si, Bingfeng, 2021. "A new transit assignment model based on line and node strategies," Transportation Research Part B: Methodological, Elsevier, vol. 150(C), pages 121-142.
    18. Guido Gentile & Sang Nguyen & Stefano Pallottino, 2005. "Route Choice on Transit Networks with Online Information at Stops," Transportation Science, INFORMS, vol. 39(3), pages 289-297, August.
    19. Tian, Qingyun & Wang, David Z.W. & Lin, Yun Hui, 2021. "Service operation design in a transit network with congested common lines," Transportation Research Part B: Methodological, Elsevier, vol. 144(C), pages 81-102.
    20. Jiang, Y. & Szeto, W.Y., 2016. "Reliability-based stochastic transit assignment: Formulations and capacity paradox," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 181-206.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:retrec:v:23:y:2008:i:1:p:41-52. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/620614/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.