Time-dependent transport network design under cost-recovery

Transport infrastructure projects typically take place over a long time span. They will take a few years to plan and construct, and will last decades into the future. Moreover, revenue collection (from tolls) and investments in infrastructure improvement accrue over time. It is, therefore, crucial to determine the optimal project initiation time, phasing, scaling, toll collection strategies, and financial arrangements over the planning horizon. This paper considers the time dimension in the continuous network design problem and focuses on analyzing the aspect of cost-recovery. The authors develop a flexible framework under two principles of cost-recovery as a single-level optimization program, solve it through the generalized reduced gradient algorithm, and illustrate through numerical examples three considerations: namely, (i) time-dependent demands and gradual network improvements, (ii) comparison between the two cost-recovery principles, and (iii) spatial equity issues from the perspective of consumer surplus. Moreover, this study proves that Mohring and Harwitz's self-financing result for a single facility in a static framework can be extended to the time-dependent network design problem under the same set of assumptions.

• Record URL:
  • http://www.sciencedirect.com/science/article/B6V99-4T5HHX4-1/2/c3dfc5f83a99dd4c1aa0668a3cabfed9
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier
• Authors:
  • Lo, Hong K
  • Szeto, W Y
• Publication Date: 2009-1

Language

• English

Media Info

• Media Type: Print
• Features: Appendices; Figures; References; Tables;
• Pagination: pp 142-158
• Serial:
  • Transportation Research Part B: Methodological
  • Volume: 43
  • Issue Number: 1
  • Publisher: Elsevier
  • ISSN: 0191-2615
  • Serial URL: http://www.sciencedirect.com/science/journal/01912615

Subject/Index Terms

• TRT Terms: Cost recovery; Investments; Revenues; Time; Time dependence
• Uncontrolled Terms: Continuous network design; Network design; Transportation infrastructure
• Subject Areas: Finance; Highways; Planning and Forecasting;

Filing Info

• Accession Number: 01117912
• Record Type: Publication
• Files: TRIS
• Created Date: Dec 30 2008 12:37PM