A Moment of Time: Reliability in Route Choice using Stated Preference
AbstractUnderstanding how reliability is valued is important because it provides insight to how aims of policies that aspire to provide better transport options can be more fully integrated with user expectations. In this study we derive a choice model for work commute trips that trades off alternatives based on the most frequent experience that users had on that route and the possibility of late or early arrival if they use a particular route. The idea of reliability is incorporated by how far the expected lateness or early arrival is from the most frequent experience on that route. We find that on route decisions the mode travel time is valued at $7.43 per hour while reduction from the magnitude of average lateness (thereby increasing the reliability of the route) is valued at $6.91 per hour.
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Bibliographic InfoPaper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number 201004.
Date of creation: 2006
Date of revision:
Publication status: Published in Journal of Intelligent Transportation Systems 14: 3, 179 â€” 187.
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Travel time reliability; Stated preference; Late Penalty; Early Penalty;
Find related papers by JEL classification:
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
- R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
- D10 - Microeconomics - - Household Behavior - - - General
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
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