THE VALUE OF TIME

Time savings benefits comprise an important part of total benefits of most transport investment schemes. This report deals with passenger and freight journeys, and a value is derived for working and non-working time, the latter often being subdivided into commuting and other categories. Three methods are used for calculating the value of time: the assumed value approach; the route choice approach; and the modal choice approach. The report contains separate sections on: the importance of time savings in transport; calculation of the value of time; current use of the value of time in the UK; criticisms of the value of time; the use of the value of time in developing countries; and the value of time in freight transport. (TRRL)

  • Corporate Authors:

    Plymouth Polytechnic

    Transport Studies Group
    Plymouth,   England 
  • Authors:
    • Pope, J
  • Publication Date: 1979-10

Media Info

  • Features: Figures; References; Tables;
  • Pagination: 68 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00325664
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Report/Paper Numbers: Occasional Pap No 2 Monograph
  • Files: ITRD, TRIS
  • Created Date: Jun 12 1981 12:00AM