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A Cumulative Perceived Value-Based Dynamic User Equilibrium Model Considering the Travelers’ Risk Evaluation on Arrival Time

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  • Li-Jun Tian
  • Hai-Jun Huang
  • Zi-You Gao

Abstract

This paper presents a cumulative perceived value-based dynamic user equilibrium model by applying the prospect theory to formulate the travelers’ risk evaluation on arrival time. The network uncertainty caused by link exit capacity degradation is incorporated into the analysis. The model which considers departure time and route choices simultaneously is expressed by a variational inequality in a discrete time space. Numerical results show that the travelers’ risk preference indeed has big influence on flow distribution. Our study constitutes a deepening of cognition in developing more realistic dynamic traffic assignment technologies. Copyright Springer Science+Business Media, LLC 2012

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  • Li-Jun Tian & Hai-Jun Huang & Zi-You Gao, 2012. "A Cumulative Perceived Value-Based Dynamic User Equilibrium Model Considering the Travelers’ Risk Evaluation on Arrival Time," Networks and Spatial Economics, Springer, vol. 12(4), pages 589-608, December.
    • Handle: RePEc:kap:netspa:v:12:y:2012:i:4:p:589-608
    DOI: 10.1007/s11067-011-9168-5
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    4. Geng, Kexin & Wang, Yacan & Cherchi, Elisabetta & Guarda, Pablo, 2023. "Commuter departure time choice behavior under congestion charge: Analysis based on cumulative prospect theory," Transportation Research Part A: Policy and Practice, Elsevier, vol. 168(C).
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