IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Comparison of judgmental and optimal road pricing cordons

  • Sumalee, Agachai
  • May, Tony
  • Shepherd, Simon
Registered author(s):

    The performance of cordon pricing schemes is critically dependent on the location chosen for the cordon, and the toll imposed. Most cordon designs have been based on professional judgment, in the absence of guidance on the principles of efficient design. In this paper, a methodology based on Genetic Algorithms has been developed to identify the optimal location and toll level for one or more cordons, for a given objective function, with or without constraints on the design or required outcomes. To compare the performance of judgmental and optimal cordon designs, the method has been tested on a network of Edinburgh, with optimisation designed to achieve welfare maximisation with and without constraints on desired level of revenue and equity impact. The methodology is shown to generate appropriate solutions to all of these problems. The optimal single cordon achieves welfare benefits which are double those of the best judgmentally designed cordon. Constrained optima inevitably achieve lower benefits, but it is possible to design them so that this loss is minimised.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.sciencedirect.com/science/article/B6VGG-4H0S19G-1/2/fa7f10af830985093d11820c8156fd90
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Elsevier in its journal Transport Policy.

    Volume (Year): 12 (2005)
    Issue (Month): 5 (September)
    Pages: 384-390

    as
    in new window

    Handle: RePEc:eee:trapol:v:12:y:2005:i:5:p:384-390
    Contact details of provider: Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description

    Order Information: Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
    Web: https://shop.elsevier.com/order?id=30473&ref=30473_01_ooc_1&version=01

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Verhoef, Erik T., 2002. "Second-best congestion pricing in general networks. Heuristic algorithms for finding second-best optimal toll levels and toll points," Transportation Research Part B: Methodological, Elsevier, vol. 36(8), pages 707-729, September.
    2. May, A. D. & Liu, R. & Shepherd, S. P. & Sumalee, A., 2002. "The impact of cordon design on the performance of road pricing schemes," Transport Policy, Elsevier, vol. 9(3), pages 209-220, July.
    3. Mun, Se-il & Konishi, Ko-ji & Yoshikawa, Kazuhiro, 2003. "Optimal cordon pricing," Journal of Urban Economics, Elsevier, vol. 54(1), pages 21-38, July.
    4. Langmyhr, Tore, 1997. "Managing equity : The case of road pricing," Transport Policy, Elsevier, vol. 4(1), pages 25-39, January.
    5. Hyman, Geoffrey & Mayhew, Les, 2002. "Optimizing the benefits of urban road user charging," Transport Policy, Elsevier, vol. 9(3), pages 189-207, July.
    6. Zhang, Xiaoning & Yang, Hai, 2004. "The optimal cordon-based network congestion pricing problem," Transportation Research Part B: Methodological, Elsevier, vol. 38(6), pages 517-537, July.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eee:trapol:v:12:y:2005:i:5:p:384-390. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.