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Equilibrium predictions in transportation markets: The state of the art

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  • Fernandez L., J. Enrique
  • Friesz, Terry L.

Abstract

The task of predicting the short run equilibrium of a transportation market is central to the study of many transportation problems. In this paper we review the different approaches and methodologies that have been proposed to deal with the equilibrium problem in transportation markets. The problem is formulated in the most general way possible and its fundamental characteristics are analyzed. Then, different mathematical characterizations of transportation market and traffic flow equilibrium in networks are reviewed. Various available results are presented and analyzed. Finally, a discussion is given of alternative computational procedures for dealing with multiclass problems.

Suggested Citation

  • Fernandez L., J. Enrique & Friesz, Terry L., 1983. "Equilibrium predictions in transportation markets: The state of the art," Transportation Research Part B: Methodological, Elsevier, vol. 17(2), pages 155-172, April.
    • Handle: RePEc:eee:transb:v:17:y:1983:i:2:p:155-172
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    Cited by:

    1. García, Ricardo & Marín, Angel, 2005. "Network equilibrium with combined modes: models and solution algorithms," Transportation Research Part B: Methodological, Elsevier, vol. 39(3), pages 223-254, March.
    2. Watling, David, 1996. "Asymmetric problems and stochastic process models of traffic assignment," Transportation Research Part B: Methodological, Elsevier, vol. 30(5), pages 339-357, October.
    3. Donald K. Richter & John Griffin & Richard Arnott, 1990. "Computation of Dynamic User Equilibria in a Model of Peak Period Traffic Congestion with Heterogenous Commuters," Boston College Working Papers in Economics 198, Boston College Department of Economics.
    4. Huang, Ruqing & Han, Lee D. & Huang, Zhongxiang, 2022. "A new network equilibrium flow model: User-equilibrium with quantity adjustment," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 163(C).
    5. D E Boyce, 1984. "Urban Transportation Network-Equilibrium and Design Models: Recent Achievements and Future Prospects," Environment and Planning A, , vol. 16(11), pages 1445-1474, November.
    6. Christof Zoellig & Kay W Axhausen, 2011. "Calculating Benefits of Infrastructural Measures," ERSA conference papers ersa10p1354, European Regional Science Association.
    7. Arampatzis, G. & Kiranoudis, C. T. & Scaloubacas, P. & Assimacopoulos, D., 2004. "A GIS-based decision support system for planning urban transportation policies," European Journal of Operational Research, Elsevier, vol. 152(2), pages 465-475, January.

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