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Value of Travel Time Reliability: A review of current evidence

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  • Carlos Carrion
  • David Levinson

    ()
    (Nexus (Networks, Economics, and Urban Systems) Research Group, Department of Civil Engineering, University of Minnesota)

Abstract

Travel time reliability is a fundamental factor in travel behavior. It represents the temporal uncertainty experienced by users in their movement between any two nodes in a network. The importance of the time reliability depends on the penalties incurred by the users. In road networks, travelers consider the existence of a trip travel time uncertainty in different choice situations (departure time, route, mode, and others). In this paper, a systematic review of the current state of research in travel time reliability, and more explicitly in the value of travel time reliability is presented. Moreover, a meta-analysis is performed in order to determine the reasons behind the discrepancy among the reliability estimates.

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File URL: http://nexus.umn.edu/Papers/VORReview.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number 000085.

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Date of creation: 2010
Date of revision:
Handle: RePEc:nex:wpaper:vorreview

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Keywords: variability; reliability; travel time; scheduling.;

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References

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Citations

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Cited by:
  1. Paul Koster & Hans Koster, 2013. "Commuters' Preferences for Fast and Reliable Travel," Tinbergen Institute Discussion Papers 13-075/VIII, Tinbergen Institute, revised 24 Jun 2013.
  2. Bergström, Anna & Krüger, Niclas, 2013. "Modeling Passenger Train Delay Distributions - Evidence and Implications," Karlstad University Working Papers in Economics 10, Department of Economics, Karlstad University.
  3. Paul Koster & Hans Koster, 2013. "Commuters' Preferences for Fast and Reliable Travel," Tinbergen Institute Discussion Papers 13-075/VIII, Tinbergen Institute, revised 24 Jun 2013.
  4. Paul Koster & Hans Koster, 2013. "Analysing Heterogeneity in the Value of Travel Time and Reliability: A Semiparametric Estimation Approach," ERSA conference papers ersa13p1032, European Regional Science Association.
  5. Vincent Benezech & Nicolas Coulombel, 2013. "The value of service reliability," Post-Print hal-00925940, HAL.
  6. Benezech, Vincent & Coulombel, Nicolas, 2013. "The value of service reliability," Transportation Research Part B: Methodological, Elsevier, vol. 58(C), pages 1-15.
  7. Hongcheng Gan & Yang Bai, 2014. "The effect of travel time variability on route choice decision: a generalized linear mixed model based analysis," Transportation, Springer, vol. 41(2), pages 339-350, March.
  8. Jenelius, Erik & Mattsson, Lars-Göran & Levinson, David, 2011. "Traveler delay costs and value of time with trip chains, flexible activity scheduling and information," Transportation Research Part B: Methodological, Elsevier, vol. 45(5), pages 789-807, June.
  9. Paul Koster & Eric Pels & Erik Verhoef, 2013. "The User Costs of Air Travel Delay Variability," Tinbergen Institute Discussion Papers 13-056/VIII, Tinbergen Institute.

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