This paper describes various aspects of a value-of-time (VOT) study, conducted by the Transek consultancy and initiated by the Swedish Institute for Transport and Communication Analysis (SIKA). The study's short-term aim was to provide VOTs for new guidelines for project evaluation. A more general aim was to provide more insight into VOT issues, especially for business trips. For both private and business trips, it was decided to focus on regional and long-distance trips. The following modes were considered of interest: car, air, and long-distance and regional train and bus/coach. The theoretical basis for the study was like that for comparable studies in the UK and The Netherlands. For private cars, this is the neoclassical model of individual utility maximisation under budget and time constraints. For business trips, a travel time reduction may benefit employer and/or employee. The study was designed as a telephone survey, and used a Stated Preference (SP) game design. Simple mathematical models were used for private and business trips, and results are presented about in-vehicle, transfer, and headway VOTs. The appendix to this paper considers passengers' VOT for parallel long-distance train and coach services, where in-vehicle VOT was found to be somewhat lower for coach users than train users. For the covering abstract, see IRRD E100587.


  • English

Media Info

  • Features: References;
  • Pagination: 23 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00764328
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Files: ITRD
  • Created Date: May 28 1999 12:00AM