COMMUTERS' VALUE OF TIME

The study reported is concerned with investigating the factors which influence individuals in mode choice decisions, and with deducing from these choices the values of time implied by the decisions. The methodology in the report has been developed in five main stages: explaining the behaviour of the individual; explicit assumption of parameter distributions in the population; development of statistical calibration techniques; specification and testing of a computer program; and implications drawn from tests of the model. The two most positive results obtained were: (1) that it is necessary to value time in at least four separate components: walking time, waiting time, in-bus time and in-car time; and (2) that at least two of these components (waiting time and in-car time) have significant variations over the population. /TRRL/

  • Corporate Authors:

    Local Government Operational Research Unit

    201 King's Road
    Reading, Berkshire,   England 
  • Authors:
    • DALY, A J
    • Zachary, S
  • Publication Date: 1975-1

Media Info

  • Features: Figures; References; Tables;
  • Pagination: 72 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00142472
  • Record Type: Publication
  • Source Agency: Transport and Road Research Laboratory (TRRL)
  • Report/Paper Numbers: Monograph
  • Files: ITRD, TRIS
  • Created Date: Jul 19 1977 12:00AM