The Value of Advanced Traveler Information Systems for Route Choice
Over the next few years, driver behavior should become more informed with the advent and deployment of in-vehicle navigation systems. This paper analyzes systems that provide the driver the fastest path between his or her current location and final destination, updated in real-time to consider recurring and non-recurring congestion. The traveler's full cost per trip is a bundle comprised of both expected travel time and its reliability. This paper explores these topics from a theoretical economic perspective and then simulates stylized cases. Simulation results indicate that typical information benefits are at a maximum on the precipice of congestion, when vehicles are arriving at a rate of 95 percent of the capacity, while non-recurring congestion benefits are much greater.
|Date of creation:||2003|
|Date of revision:|
|Publication status:||Published in Transportation Research part C 11(1) 75-87.|
|Contact details of provider:|| Postal: Dept. of Civil Engineering, 500 Pillsbury Drive SE, Minneapolis, MN 55455|
Phone: +01 (612) 625-6354
Fax: +01 (612) 626-7750
Web page: http://nexus.umn.edu
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- Levinson, David & Gillen, David & Chang, Elva, 1999. "Assessing the Benefits and Costs of Intelligent Transportation Systems: The Value of Advanced Traveler Information Systems," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt9m8534tc, Institute of Transportation Studies, UC Berkeley.
- Sengupta, Raja & Hongola, Bruce, 1998. "Estimating ATIS Benefits For The Smart Corridor," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt6ps9d86x, Institute of Transportation Studies, UC Berkeley.
- P. D. F. Strydom, 1994. "The economics of information," Chapters, in: The Elgar Companion to Austrian Economics, chapter 24 Edward Elgar Publishing.
- Richard H. M. Emmerink & Erik T. Verhoef & Peter Nijkamp & Piet Rietveld, 1996. "Endogenising demand for information in road transport," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 30(2), pages 201-222.
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