Intelligent charging - smart market protocols for road transport (SMPRT) - intelligent infrastructure systems project - final report

This study investigated the potential for road pricing on a heavily used stretch of road near Gateshead, UK. A pre-existing transport model of the area was used to establish direct social and environmental measures related to the state of congestion. The outputs from this model were fed into an agent-based smart-markets model, to explore how a virtual smart-market could be created, where people bid for a limited number of journey slots for road use. The effect of demographic and other urban factors on transport demand were also explored. A computational agent-based economics methodology was used to develop and optimal price for road used to incorporate the negative externalities of the subject road transport system. It was found that 16740 passenger car units (PCU) of the reference demand model would cause congestion of the road system and a cap volume of 11718 PCU was required to maximise the social benefit of the slot system. When a Dutch auction was run using the reduced number of slots this corresponded to a clearing price of £2.87 per PCU. While managers and professionals were willing to bid higher to travel, much higher percentages of administrative and service staff bid below the clearing price and did not travel. The policy implications of this are discussed, including greater public transport provision and changes to land use. The full text of this document may be found at: http://www.bis.gov.uk/assets/bispartners/foresight/docs/intelligent-infrastructure-systems/smart-protocols-intelligent-charging.pdf

• Authors:
  • MARKOSE, S
  • ALENTORN, A
  • KOESRINDARTOTO, D
  • BLYTHE, P
  • EHLERT, A
  • GROSSO, S
  • ALLEN, P
• Publication Date: 2010

Language

• English

Media Info

• Pagination: 22p

Subject/Index Terms

• TRT Terms: Arterial highways; Demand; Intelligent transportation systems; Marketing; Peak periods; Road pricing; Simulation; Traffic congestion; Urban areas
• Uncontrolled Terms: Traffic relief
• Geographic Terms: United Kingdom
• ITRD Terms: 285: Demand (econ); 8735: Intelligent transport system; 2748: Main road; 277: Marketing; 612: Peak hour; 240: Road pricing; 9103: Simulation; 631: Traffic relief; 8119: United Kingdom; 313: Urban area
• Subject Areas: Highways; Operations and Traffic Management; I10: Economics and Administration; I72: Traffic and Transport Planning; I73: Traffic Control;

Filing Info

• Accession Number: 01336358
• Record Type: Publication
• Source Agency: TRL
• Files: ITRD
• Created Date: Apr 15 2011 3:19PM