Evaluation of Value of Travel Time Saving for Intra-/Inter-City Trip Using RP/SP Data

In most nations, the value of time (VOT) for cost-benefit analysis (CBA) is mainly calculated based on wage-rate. The VOT for CBA of road projects in Japan are also calculated based on wage-rate, regardless of the purpose or length of trip. The aim of this paper is to show the practical validity of VOT estimated using a route and modal choice model for both intra-city and inter-city trips. This research estimates the VOT using MNL, MXL, and RP/SP integrated models based on both revealed preference and stated preference data.

• Corporate Authors:

  World Conference on Transport Research Society

  Secretariat, 14 Avenue Berthelot
  69363 Lyon cedex 07,   France 
• Authors:
  • Maki, Kotaro
  • Tsuchiya, Kazuyuki
  • Yuri, Shohei
  • Sakata, Kazuya
• Conference:
  • 11th World Conference on Transport Research
  • Location: Berkeley CA, United States
  • Date: 2007-6-24 to 2007-6-28
• Publication Date: 2007

Language

• English

Media Info

• Media Type: CD-ROM
• Features: Figures; References; Tables;
• Pagination: 23p
• Monograph Title: 11th World Conference on Transport Research

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Logits; Multinomial logits; Revealed preferences; Stated preferences; Travel time; Trip length; Trip purpose; Value of time
• Subject Areas: Highways; Planning and Forecasting; Public Transportation; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01118399
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 13 2009 9:30AM