A Regret Theory-Based Combined Trip Distribution and Traffic Assignment Model

The assumption of route choice behavior plays an essential role in various traffic assignment models. Regret theory (RT) that assumes travelers being regret averse, might be more reasonable and realistic than the traditional utility maximization theory. Using RT, the authors develop a new combined trip distribution and traffic assignment model in this paper. The model is formulated as a variational inequality and solved by a path-based algorithm with the use of the method of successive averages. A numerical study is conducted for illustrating the difference between results given by the proposed model and the traditional model. It is shown that regret aversion indeed influences the travelers’ route choice behavior.

Language

  • English

Media Info

  • Media Type: Web
  • Features: References;
  • Pagination: pp 2116-2127
  • Monograph Title: CICTP 2016: Green and Multimodal Transportation and Logistics

Subject/Index Terms

Filing Info

  • Accession Number: 01609311
  • Record Type: Publication
  • ISBN: 9780784479896
  • Files: TRIS, ASCE
  • Created Date: Jun 29 2016 3:07PM