Optimal Traveler Responses to Stochastic Delays in Public Transport

The authors model optimal traveler responses to delays in the case of discrete departure time choice. The authors use both real and simulated data to illustrate their results, showing that passengers almost entirely offset their schedule delay costs increase, even in very unreliable systems. The authors' results suggest that, if the distribution of delays is sufficiently narrow, travelers fully offset the scheduling costs caused by delays. If the distribution of delays is wider, the amount by which schedule delay costs are offset decreases. This implies that, all else equal, more welfare can be gained by preventing incidental long delays than by reducing the average delay.

Language

  • English

Media Info

  • Media Type: Web
  • Features: Appendices; Figures; References; Tables;
  • Pagination: pp 256-264
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 01526755
  • Record Type: Publication
  • Files: TRIS
  • Created Date: May 13 2014 10:14AM