The Value of Statistical Life in Road Traffic Based on Logit Model
The value of a statistical life (VOSL) in road traffic is an important index for economic evaluation on road safety programs. The VOSL model is established based on the binary Logit model. Then the route-choice questionnaire is designed based on the stated choice method (SCM) and the orthogonal experiment method. The survey is implemented regarding Dalian private drivers as respondents. Finally, the model is estimated based on the SCM data by Gauss. The result indicates that the VOSL in road traffic for Dalian private drivers is about 360,000 RMB, and the model has a high accuracy. Moreover, the VOSL in road traffic is significantly influenced by four individual characteristics such as one's monthly income, traffic experience, car insurance and education background.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/15706672
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Supplemental Notes:
- Abstract reprinted with permission from Elsevier.
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Authors:
- Liu, Wenge
- Zhao, Shengchuan
- Publication Date: 2013-2
Language
- English
Media Info
- Media Type: Print
- Features: References; Tables;
- Pagination: pp 137-141
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Serial:
- Journal of Transportation Systems Engineering and Information Technology
- Volume: 13
- Issue Number: 1
- Publisher: Elsevier
- ISSN: 1570-6672
- Serial URL: http://www.sciencedirect.com/science/journal/15706672
Subject/Index Terms
- TRT Terms: Economic and social factors; Highway safety; Highway traffic; Logits; Route choice; Urban transportation; Value of life
- Uncontrolled Terms: Stated choice; Value of statistical life
- Geographic Terms: Dalian (China)
- Subject Areas: Economics; Highways; Safety and Human Factors; I10: Economics and Administration;
Filing Info
- Accession Number: 01484046
- Record Type: Publication
- Files: TRIS
- Created Date: May 23 2013 4:39PM