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A Dynamic Road Pricing Model for Freeway Electronic Toll Collection Systems under Build-Operate-Transfer Arrangements

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  • Mei-Shiang Chang
  • Che-Fu Hsueh

Abstract

In this article, a discrete non-linear mathematical programming model with a variational inequality constraint is proposed to determine road tolls and time-varying congestion tolls for a freeway electronic toll collection system under a build-operate-transfer arrangement. An interdependent relationship between the profits of private investors and the temporal and spatial distributions of traffic demand is integrated into the proposed dynamic road-pricing model. Assuring the maximization of social welfare as a working assumption, an optimal toll scheme is determined by maximizing private investors' profits. A modified Nelder-Mead simplex algorithm integrated with the nested diagonalization method is elaborated to solve this dynamic road pricing problem. Numerical results are given to demonstrate its validity.

Suggested Citation

  • Mei-Shiang Chang & Che-Fu Hsueh, 2006. "A Dynamic Road Pricing Model for Freeway Electronic Toll Collection Systems under Build-Operate-Transfer Arrangements," Transportation Planning and Technology, Taylor & Francis Journals, vol. 29(2), pages 91-104, April.
    • Handle: RePEc:taf:transp:v:29:y:2006:i:2:p:91-104
    DOI: 10.1080/03081060600753321
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    References listed on IDEAS

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    1. Malachy Carey & Ashok Srinivasan, 1993. "Externalities, Average and Marginal Costs, and Tolls on Congested Networks with Time-Varying Flows," Operations Research, INFORMS, vol. 41(1), pages 217-231, February.
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