The value of travel time variance

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The value of travel time variance. / Fosgerau, Mogens; Engelson, Leonid.

I: Transportation Research Part B: Methodological, Bind 45, Nr. 1, 01.2011, s. 1-8.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Fosgerau, M & Engelson, L 2011, 'The value of travel time variance', Transportation Research Part B: Methodological, bind 45, nr. 1, s. 1-8. https://doi.org/10.1016/j.trb.2010.06.001

APA

Fosgerau, M., & Engelson, L. (2011). The value of travel time variance. Transportation Research Part B: Methodological, 45(1), 1-8. https://doi.org/10.1016/j.trb.2010.06.001

Vancouver

Fosgerau M, Engelson L. The value of travel time variance. Transportation Research Part B: Methodological. 2011 jan.;45(1):1-8. https://doi.org/10.1016/j.trb.2010.06.001

Author

Fosgerau, Mogens ; Engelson, Leonid. / The value of travel time variance. I: Transportation Research Part B: Methodological. 2011 ; Bind 45, Nr. 1. s. 1-8.

Bibtex

@article{b06da02c56324aa2a25f6efd33f9d270,
title = "The value of travel time variance",
abstract = "This paper considers the value of travel time variability under scheduling preferences that are defined in terms of linearly time varying utility rates associated with being at the origin and at the destination. The main result is a simple expression for the value of travel time variability that does not depend on the shape of the travel time distribution. The related measure of travel time variability is the variance of travel time. These conclusions apply equally to travellers who can freely choose departure time and to travellers who use a scheduled service with fixed headway. Depending on parameters, travellers may be risk averse or risk seeking and the value of travel time may increase or decrease in the mean travel time.",
keywords = "Reliability, Scheduling preferences, Value of travel time, Value of travel time variability",
author = "Mogens Fosgerau and Leonid Engelson",
year = "2011",
month = jan,
doi = "10.1016/j.trb.2010.06.001",
language = "English",
volume = "45",
pages = "1--8",
journal = "Transportation Research. Part B: Methodological",
issn = "0191-2615",
publisher = "Pergamon Press",
number = "1",

}

RIS

TY - JOUR

T1 - The value of travel time variance

AU - Fosgerau, Mogens

AU - Engelson, Leonid

PY - 2011/1

Y1 - 2011/1

N2 - This paper considers the value of travel time variability under scheduling preferences that are defined in terms of linearly time varying utility rates associated with being at the origin and at the destination. The main result is a simple expression for the value of travel time variability that does not depend on the shape of the travel time distribution. The related measure of travel time variability is the variance of travel time. These conclusions apply equally to travellers who can freely choose departure time and to travellers who use a scheduled service with fixed headway. Depending on parameters, travellers may be risk averse or risk seeking and the value of travel time may increase or decrease in the mean travel time.

AB - This paper considers the value of travel time variability under scheduling preferences that are defined in terms of linearly time varying utility rates associated with being at the origin and at the destination. The main result is a simple expression for the value of travel time variability that does not depend on the shape of the travel time distribution. The related measure of travel time variability is the variance of travel time. These conclusions apply equally to travellers who can freely choose departure time and to travellers who use a scheduled service with fixed headway. Depending on parameters, travellers may be risk averse or risk seeking and the value of travel time may increase or decrease in the mean travel time.

KW - Reliability

KW - Scheduling preferences

KW - Value of travel time

KW - Value of travel time variability

UR - http://www.scopus.com/inward/record.url?scp=78149497052&partnerID=8YFLogxK

U2 - 10.1016/j.trb.2010.06.001

DO - 10.1016/j.trb.2010.06.001

M3 - Journal article

AN - SCOPUS:78149497052

VL - 45

SP - 1

EP - 8

JO - Transportation Research. Part B: Methodological

JF - Transportation Research. Part B: Methodological

SN - 0191-2615

IS - 1

ER -

ID: 181872437