Estimation of the Time-dependency of Values of Travel Time and Its Reliability from Loop Detector Data

Although the effects of travel time and its reliability have been addressed in a variety of papers concerning pricing policies, most of the existing research is based on the assumption that travelers’ preferences are static over a given time interval, such as the morning commuting period. Here, we relax this assumption, assuming rather that travelers’ tastes toward the travel time and its reliability vary with time, and examine their time-dependent effects on traveler’s route choice decisions. We adopt a mixed logit formulation of route choice behavior as a function of travel time, reliability, and cost. To uncover the values of travel time and its reliability, we introduce an alternative approach to the use of traveler surveys to estimate the model coefficients by determining the parameter set that produces the best match between the aggregated results from the travelers’ route choice model and the observed time-dependent traffic volume data from loop detectors. We apply the methodology to loop detector data obtained from the California State Route 91 value-pricing project, and use a genetic algorithm to identify the parameters. The time-dependent values of travel time and values of reliability for the morning commuting period are estimated and their implications on the toll pricing policy are discussed. The results indicate that, under the time-dependent formulation, travel-time savings may be more important than uncertain travel time when departure time is close to such time constraints as work-start time.

• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Recker, Wilfred W
  • Liu, Henry X
  • He, Xiaozheng
• Conference:
  • Transportation Research Board 85th Annual Meeting
  • Location: Washington DC, United States
  • Date: 2006-1-22 to 2006-1-26
• Date: 2006

Language

• English

Media Info

• Media Type: CD-ROM
• Features: Figures; References; Tables;
• Pagination: 27p
• Monograph Title: TRB 85th Annual Meeting Compendium of Papers CD-ROM

Subject/Index Terms

• TRT Terms: Choice models; Genetic algorithms; Logits; Loop detectors; Route choice; Travel time; Value of time
• Subject Areas: Highways; Operations and Traffic Management; I71: Traffic Theory;

Filing Info

• Accession Number: 01022987
• Record Type: Publication
• Report/Paper Numbers: 06-2794
• Files: BTRIS, TRIS, TRB
• Created Date: Mar 3 2006 11:08AM