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Waiting time and the role and value of information in scheduled transport

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  • Larsen, Odd I.
  • Sunde, yvind

Abstract

A new logit-based model for assigning public transit passengers to transit lines or routes is proposed. The model is based on the realistic assumption that once passengers arrive at stops, they can obtain information regarding the specific departure times. Furthermore, it takes into account that passengers are heterogeneous and hence, the choice made by a [`]representative' passenger appears to be stochastic. The model is evaluated by means of simulations.

Suggested Citation

  • Larsen, Odd I. & Sunde, yvind, 2008. "Waiting time and the role and value of information in scheduled transport," Research in Transportation Economics, Elsevier, vol. 23(1), pages 41-52, January.
    • Handle: RePEc:eee:retrec:v:23:y:2008:i:1:p:41-52
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    References listed on IDEAS

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    Cited by:

    1. Mohammad Reza Amin-Naseri & Vahid Baradaran, 2015. "Accurate Estimation of Average Waiting Time in Public Transportation Systems," Transportation Science, INFORMS, vol. 49(2), pages 213-222, May.
    2. Feder, Christophe, 2018. "Decentralization and spillovers: A new role for transportation infrastructure," Economics of Transportation, Elsevier, vol. 13(C), pages 36-47.

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