IDEAS home Printed from https://ideas.repec.org/a/kap/transp/v43y2016i6d10.1007_s11116-016-9725-3.html
   My bibliography  Save this article

A reference-dependent user equilibrium model for activity-travel scheduling

Author

Listed:
  • Qing Li

    (Nanjing University
    Eindhoven University of Technology)

  • Feixiong Liao

    (Eindhoven University of Technology)

  • Harry J. P. Timmermans

    (Eindhoven University of Technology)

  • Jing Zhou

    (Nanjing University)

Abstract

Existing user equilibrium models of activity-travel scheduling generally fall short in representing travelers’ decision-making processes. The majority have either implicitly or explicitly assumed that travelers follow the principle of utility maximization. This assumption ignores the fact that individuals may be loss–averse when making activity-travel decisions. Allowing for the situation that travelers possess accurate information of the urban-transportation system due to modern technologies, studies on reference-dependent decision-making under near-perfect information are receiving increasing attention. In view of traveler heterogeneity, individuals can be divided into multiple classes according to their reference points. In this paper, we propose a reference-dependent multi-class user equilibrium model for activity-travel scheduling, which can be reformulated as a variational inequality problem. Moreover, comparative analyses are conducted on the equilibrium states between utility-maximization (no reference) and reference-dependency of exogenous and endogenous references. A numerical example regarding combined departure-time and mode choice for commuting is conducted to illustrate the proposed model. The simulated results indicate that reference points and loss aversion attitudes have significant effects on the choice of departure time and mode.

Suggested Citation

  • Qing Li & Feixiong Liao & Harry J. P. Timmermans & Jing Zhou, 2016. "A reference-dependent user equilibrium model for activity-travel scheduling," Transportation, Springer, vol. 43(6), pages 1061-1077, November.
    • Handle: RePEc:kap:transp:v:43:y:2016:i:6:d:10.1007_s11116-016-9725-3
    DOI: 10.1007/s11116-016-9725-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11116-016-9725-3
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11116-016-9725-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. Soora Rasouli & Harry Timmermans, 2014. "Activity-based models of travel demand: promises, progress and prospects," International Journal of Urban Sciences, Taylor & Francis Journals, vol. 18(1), pages 31-60, March.
    2. Huang, Hai-Jun & Lam, William H. K., 2002. "Modeling and solving the dynamic user equilibrium route and departure time choice problem in network with queues," Transportation Research Part B: Methodological, Elsevier, vol. 36(3), pages 253-273, March.
    3. Amos Tversky & Daniel Kahneman, 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1039-1061.
    4. Piet Bovy & Sascha Hoogendoorn-Lanser, 2005. "Modelling route choice behaviour in multi-modal transport networks," Transportation, Springer, vol. 32(4), pages 341-368, July.
    5. Anna Nagurney & Ding Zhang, 1997. "Projected Dynamical Systems in the Formulation, Stability Analysis, and Computation of Fixed-Demand Traffic Network Equilibria," Transportation Science, INFORMS, vol. 31(2), pages 147-158, May.
    6. Zhi-Chun Li & William Lam & S. Wong & A. Sumalee, 2010. "An activity-based approach for scheduling multimodal transit services," Transportation, Springer, vol. 37(5), pages 751-774, September.
    7. De Borger, Bruno & Fosgerau, Mogens, 2008. "The trade-off between money and travel time: A test of the theory of reference-dependent preferences," Journal of Urban Economics, Elsevier, vol. 64(1), pages 101-115, July.
    8. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    9. Lo, Hong K. & Yip, C. W. & Wan, K. H., 2003. "Modeling transfer and non-linear fare structure in multi-modal network," Transportation Research Part B: Methodological, Elsevier, vol. 37(2), pages 149-170, February.
    10. Xiao Fu & William Lam, 2014. "A network equilibrium approach for modelling activity-travel pattern scheduling problems in multi-modal transit networks with uncertainty," Transportation, Springer, vol. 41(1), pages 37-55, January.
    11. Lam, William H.K. & Li, Zhi-Chun & Huang, Hai-Jun & Wong, S.C., 2006. "Modeling time-dependent travel choice problems in road networks with multiple user classes and multiple parking facilities," Transportation Research Part B: Methodological, Elsevier, vol. 40(5), pages 368-395, June.
    12. Gitakrishnan Ramadurai & Satish Ukkusuri, 2010. "Dynamic User Equilibrium Model for Combined Activity-Travel Choices Using Activity-Travel Supernetwork Representation," Networks and Spatial Economics, Springer, vol. 10(2), pages 273-292, June.
    13. D. Zhang & A. Nagurney, 1997. "Formulation, Stability, and Computation of Traffic Network Equilibria as Projected Dynamical Systems," Journal of Optimization Theory and Applications, Springer, vol. 93(2), pages 417-444, May.
    14. Liu, Peng & Liao, Feixiong & Huang, Hai-Jun & Timmermans, Harry, 2015. "Dynamic activity-travel assignment in multi-state supernetworks," Transportation Research Part B: Methodological, Elsevier, vol. 81(P3), pages 656-671.
    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. Claudia Castaldi & Paolo Delle Site & Francesco Filippi, 2019. "Stochastic user equilibrium in the presence of state dependence," EURO Journal on Transportation and Logistics, Springer;EURO - The Association of European Operational Research Societies, vol. 8(5), pages 535-559, December.

    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. Liu, Peng & Liao, Feixiong & Tian, Qiong & Huang, Hai-Jun & Timmermans, Harry, 2020. "Day-to-day needs-based activity-travel dynamics and equilibria in multi-state supernetworks," Transportation Research Part B: Methodological, Elsevier, vol. 132(C), pages 208-227.
    2. Li, Qing & Liao, Feixiong & Timmermans, Harry J.P. & Huang, Haijun & Zhou, Jing, 2018. "Incorporating free-floating car-sharing into an activity-based dynamic user equilibrium model: A demand-side model," Transportation Research Part B: Methodological, Elsevier, vol. 107(C), pages 102-123.
    3. Wang, Dong & Liao, Feixiong & Gao, Ziyou & Rasouli, Soora & Huang, Hai-Jun, 2020. "Tolerance-based column generation for boundedly rational dynamic activity-travel assignment in large-scale networks," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 141(C).
    4. Liu, Peng & Liao, Feixiong & Huang, Hai-Jun & Timmermans, Harry, 2015. "Dynamic activity-travel assignment in multi-state supernetworks," Transportation Research Part B: Methodological, Elsevier, vol. 81(P3), pages 656-671.
    5. Fu, Xiao & Wu, Youqi & Huang, Di & Wu, Jianjun, 2022. "An activity-based model for transit network design and activity location planning in a three-party game framework," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 168(C).
    6. Xiao Fu & William H. K. Lam, 2018. "Modelling joint activity-travel pattern scheduling problem in multi-modal transit networks," Transportation, Springer, vol. 45(1), pages 23-49, January.
    7. Li, Qing & Liao, Feixiong, 2020. "Incorporating vehicle self-relocations and traveler activity chains in a bi-level model of optimal deployment of shared autonomous vehicles," Transportation Research Part B: Methodological, Elsevier, vol. 140(C), pages 151-175.
    8. Vo, Khoa D. & Lam, William H.K. & Chen, Anthony & Shao, Hu, 2020. "A household optimum utility approach for modeling joint activity-travel choices in congested road networks," Transportation Research Part B: Methodological, Elsevier, vol. 134(C), pages 93-125.
    9. Wang, Dong & Liao, Feixiong & Gao, Ziyou & Timmermans, Harry, 2019. "Tolerance-based strategies for extending the column generation algorithm to the bounded rational dynamic user equilibrium problem," Transportation Research Part B: Methodological, Elsevier, vol. 119(C), pages 102-121.
    10. Peeta, Srinivas, 2016. "A marginal utility day-to-day traffic evolution model based on one-step strategic thinkingAuthor-Name: He, Xiaozheng," Transportation Research Part B: Methodological, Elsevier, vol. 84(C), pages 237-255.
    11. Zhang, J. & Meng, M. & Wang, David, Z.W., 2019. "A dynamic pricing scheme with negative prices in dockless bike sharing systems," Transportation Research Part B: Methodological, Elsevier, vol. 127(C), pages 201-224.
    12. Fosgerau, Mogens, 2008. "Hedonic preferences, symmetric loss aversion and the willingness to pay-willingness to accept gap," MPRA Paper 10041, University Library of Munich, Germany.
    13. Li, Zhi-Chun & Lam, William H.K. & Wong, S.C., 2017. "Step tolling in an activity-based bottleneck model," Transportation Research Part B: Methodological, Elsevier, vol. 101(C), pages 306-334.
    14. Hjorth, Katrine & Fosgerau, Mogens, 2012. "Using prospect theory to investigate the low marginal value of travel time for small time changes," Transportation Research Part B: Methodological, Elsevier, vol. 46(8), pages 917-932.
    15. Lindsey, Robin, 2011. "State-dependent congestion pricing with reference-dependent preferences," Transportation Research Part B: Methodological, Elsevier, vol. 45(10), pages 1501-1526.
    16. Ziyou Gao & Yunchao Qu & Xingang Li & Jiancheng Long & Hai-Jun Huang, 2014. "Simulating the Dynamic Escape Process in Large Public Places," Operations Research, INFORMS, vol. 62(6), pages 1344-1357, December.
    17. Christopher Y. Olivola & Stephanie W. Wang, 2016. "Patience auctions: the impact of time vs. money bidding on elicited discount rates," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 864-885, December.
    18. Jonathan Newton, 2018. "Evolutionary Game Theory: A Renaissance," Games, MDPI, vol. 9(2), pages 1-67, May.
    19. Guo, Ren-Yong & Yang, Hai & Huang, Hai-Jun & Tan, Zhijia, 2015. "Link-based day-to-day network traffic dynamics and equilibria," Transportation Research Part B: Methodological, Elsevier, vol. 71(C), pages 248-260.
    20. Kumar, Amit & Peeta, Srinivas, 2015. "A day-to-day dynamical model for the evolution of path flows under disequilibrium of traffic networks with fixed demand," Transportation Research Part B: Methodological, Elsevier, vol. 80(C), pages 235-256.

    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:kap:transp:v:43:y:2016:i:6:d:10.1007_s11116-016-9725-3. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.