The marginal social cost of headway for a scheduled service
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The marginal social cost of headway for a scheduled service. / Fosgerau, Mogens.
I: Transportation Research Part B: Methodological, Bind 43, Nr. 8-9, 09.2009, s. 813-820.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - The marginal social cost of headway for a scheduled service
AU - Fosgerau, Mogens
PY - 2009/9
Y1 - 2009/9
N2 - This brief paper derives the marginal social cost of headway for a scheduled service, i.e. the cost for users of marginal increases to the time interval between departures. In brief we may call it the value of headway in analogy with the value of travel time and the value of reliability. Users have waiting time costs as well as schedule delay costs measured relative to their desired time of arrival at the destination. They may either arrive at the station to choose just the next departure or they may plan for a specific departure in which case they incur also a planning cost. Then planning for a specific departure is costly but becomes more attractive at longer headways. Simple expressions for the user cost result. In particular, the marginal cost of headway is large at short headways and smaller at long headways. The difference in marginal costs is the value of time multiplied by half the headway.
AB - This brief paper derives the marginal social cost of headway for a scheduled service, i.e. the cost for users of marginal increases to the time interval between departures. In brief we may call it the value of headway in analogy with the value of travel time and the value of reliability. Users have waiting time costs as well as schedule delay costs measured relative to their desired time of arrival at the destination. They may either arrive at the station to choose just the next departure or they may plan for a specific departure in which case they incur also a planning cost. Then planning for a specific departure is costly but becomes more attractive at longer headways. Simple expressions for the user cost result. In particular, the marginal cost of headway is large at short headways and smaller at long headways. The difference in marginal costs is the value of time multiplied by half the headway.
KW - Frequency
KW - Headway
KW - Public transport
KW - Value of travel time
UR - http://www.scopus.com/inward/record.url?scp=67651165055&partnerID=8YFLogxK
U2 - 10.1016/j.trb.2009.02.006
DO - 10.1016/j.trb.2009.02.006
M3 - Journal article
AN - SCOPUS:67651165055
VL - 43
SP - 813
EP - 820
JO - Transportation Research. Part B: Methodological
JF - Transportation Research. Part B: Methodological
SN - 0191-2615
IS - 8-9
ER -
ID: 181872651