A Moment of Time: Reliability in Route Choice using Stated Preference
Understanding how reliability is valued is important because it provides insight to how aims of policies that aspire to provide better transport options can be more fully integrated with user expectations. In this study we derive a choice model for work commute trips that trades off alternatives based on the most frequent experience that users had on that route and the possibility of late or early arrival if they use a particular route. The idea of reliability is incorporated by how far the expected lateness or early arrival is from the most frequent experience on that route. We find that on route decisions the mode travel time is valued at $7.43 per hour while reduction from the magnitude of average lateness (thereby increasing the reliability of the route) is valued at $6.91 per hour.
|Date of creation:||2006|
|Publication status:||Published in Journal of Intelligent Transportation Systems 14: 3, 179 â€” 187.|
|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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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.:
- Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D., 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304, December.
- Noland, Robert B. & Small, Kenneth A. & Koskenoja, Pia Maria & Chu, Xuehao, 1998.
"Simulating travel reliability,"
Regional Science and Urban Economics,
Elsevier, vol. 28(5), pages 535-564, September.
- Noland, R.B. & Small, K.A. & Koskenoja, P.M. & Chu, X., 1996. "Simulating Travel Reliability," Papers 95-96-7, California Irvine - School of Social Sciences.
- Noland, Robert B. & Small, Kenneth A. & Koskenoja, Pia Maria & Chu, Xuehao, 1997. "Simulating Travel Reliability," University of California Transportation Center, Working Papers qt30w220k0, University of California Transportation Center.
- Small, Kenneth A, 1982. "The Scheduling of Consumer Activities: Work Trips," American Economic Review, American Economic Association, vol. 72(3), pages 467-479, June.
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