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 travelerÂ¹s 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.|
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- 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, vol. 30(2), pages 201-222.
- Khattak, Asad J., 1993. "Behavioral Impacts Of Recurring And Incident Congestion And Response To Advanced Traveler Information Systems In The Bay Area: An Overview," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt9dp3w95q, Institute of Transportation Studies, UC Berkeley.
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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.
- P. D. F. Strydom, 1994. "The economics of information," Chapters, in: The Elgar Companion to Austrian Economics, chapter 24 Edward Elgar.
- Emmerink, Richard H. M. & Verhoef, Erik T. & Nijkamp, Peter & Rietveld, Piet, 1997. "Information in road networks with multiple origin-destination pairs," Regional Science and Urban Economics, Elsevier, vol. 27(3), pages 217-240, June.
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