A Cumulative Perceived Value-Based Dynamic User Equilibrium Model Considering the Travelers’ Risk Evaluation on Arrival Time
This paper presents a cumulative perceived value-based dynamic user equilibrium model by applying the prospect theory to formulate the travelers’ risk evaluation on arrival time. The network uncertainty caused by link exit capacity degradation is incorporated into the analysis. The model which considers departure time and route choices simultaneously is expressed by a variational inequality in a discrete time space. Numerical results show that the travelers’ risk preference indeed has big influence on flow distribution. Our study constitutes a deepening of cognition in developing more realistic dynamic traffic assignment technologies. Copyright Springer Science+Business Media, LLC 2012
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Volume (Year): 12 (2012)
Issue (Month): 4 (December)
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- Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
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- W. Szeto & L. O'Brien & M. O'Mahony, 2006. "Risk-Averse Traffic Assignment with Elastic Demands: NCP Formulation and Solution Method for Assessing Performance Reliability," Networks and Spatial Economics, Springer, vol. 6(3), pages 313-332, September.
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