Willingness-to-Pay Survey and Modelling for High Occupancy Toll Lanes: Case Study Higway 427, Toronto, Ontario
High Occupancy Toll (HOT) lanes are considered as one of the traffic management strategies to efficiently utilize the available roadway capacity. In order to understand drivers’ reactions to the planned HOT lane along the Highway 427 corridor in the City of Toronto and estimate the value of time (VOT) and value of reliability (VOR), a web-based stated preference survey was carefully designed and conducted. Using Multinomial Logit (MNL) and Nested Logit (NL) models, the travellers’ willingness-to-pay was derived as the trade-off between travel time saved and toll incurred. The models were further estimated for different market segments.
- Record URL:
-
-
Corporate Authors:
Transportation Association of Canada (TAC)
401-1111 Prince of Wales Drive
Ottawa, Ontario Canada -
Authors:
- Afaq, SS
- Damodaran, S
- Salek, S
- Hadayeghi, A
- Conference:
- Publication Date: 2017
Language
- English
Media Info
- Media Type: Web
- Pagination: 1 PDF file, 768 KB, 20p.
- Monograph Title: TAC 2017: Investing in Transportation: Building Canada's Economy - - 2017 Conference and Exhibition of the Transportation Association of Canada
Subject/Index Terms
- TRT Terms: Benefit cost analysis; Carpools; Case studies; Conferences; Interviewing; Mathematical analysis; Public participation; Toll roads; Traffic control; Traffic lanes
- Geographic Terms: Canada
- ITRD Terms: 6471: Analysis (math); 8018: Canada; 1119: Car pooling; 8531: Case study; 8525: Conference; 226: Cost benefit analysis; 9147: Interview; 142: Public participation; 2702: Toll road; 654: Traffic control; 2827: Traffic lane; 239: Willingness to pay
- Subject Areas: Highways; Operations and Traffic Management; Society; I73: Traffic Control;
Filing Info
- Accession Number: 01668481
- Record Type: Publication
- Source Agency: Transportation Association of Canada (TAC)
- Files: ITRD, TAC
- Created Date: May 3 2018 3:16PM