Comparative Analysis of Dynamic Pricing Strategies for Managed Lanes

The objective of this research was to investigate and compare the performances of different dynamic pricing strategies for managed lanes facilities. On a two-alternative network, analytical expressions for the assignment, revenue and total delay in each alternative were derived as a function of the pricing strategy. It was found that minimum total system delay was achieved with many different pricing strategies. This gave flexibility to operators to allocate congestion to either alternative according to their specific objective while maintaining the same minimum total system delay. Given a specific objective, the optimal pricing strategy was determined by finding a single parameter value in the case of high-occupancy toll (HOT) lanes. Performances of pricing strategies were compared by simulation experiments. Tolls with refund options and tradable credit scheme were discussed.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: Final Report
  • Features: Figures; References; Tables;
  • Pagination: 100p

Subject/Index Terms

Filing Info

  • Accession Number: 01601692
  • Record Type: Publication
  • Report/Paper Numbers: FHWA-GA-15-1217, Research Project 12-17
  • Contract Numbers: 0011746
  • Files: TRIS, ATRI, USDOT, STATEDOT
  • Created Date: May 31 2016 7:59AM