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Commuter Arrival Time Value Function in Urban Rail Transit

The passenger distribution of urban mass transit network is influenced by two kinds of choice, route choice and departure time choice. However, the latter choice has been ignored for a long time. For commuters with specified destination arrival time, the departure time choice is actually a trade-off between the perceived crowdedness and arrival time value. To obtain a better understanding of the influencing factors and mechanism of commuter arrival time value, the paper tries to introduce the value function of prospect theory. Several reference point alternatives are discussed and parameters are estimated with the empirical data from Shanghai, China. Results show that commuters show asymmetrical response to gains and losses, being more sensitive to the latter one, which is consistent with prospect theory. The time when a commuter starts to consider departing later and work/school start time are two reference points of arrival time value function in urban mass transit, and commuters are reluctant to switch their departure time even when they arrive at reference points. The optimal simplified value function fits the data well and hits as much as 86.45% of the sample

  • Supplemental Notes:
    • This paper was sponsored by TRB committee AP065 Standing Committee on Rail Transit Systems.
  • Authors:
    • Cheng, Yan
    • Ye, Xiafei
    • Wang, Zhi
  • Conference:
  • Date: 2018

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; References; Tables;
  • Pagination: 14p

Subject/Index Terms

Filing Info

  • Accession Number: 01664605
  • Record Type: Publication
  • Report/Paper Numbers: 18-02321
  • Files: TRIS, TRB, ATRI
  • Created Date: Mar 28 2018 1:45PM