Standard concepts and procedures of economic analysis are examined to see whether they can offer directions for consistent and appropriate handling of the time value question in transportation. A simple neoclassical economic analysis of transportation demand is presented in which time is considered as a cost of travel. This is followed by an examination of contemporary issues of time value concept and measurement in light of standard economic analysis procedures and the travel demand-time cost relations. Finally, some questions of travel demand forecasting and transportation evaluation are discussed, and proposals are made regarding appropriate directions of approach.

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Filing Info

  • Accession Number: 00081603
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Apr 8 1975 12:00AM