THE VALUE OF COMMUTER TRAVEL TIME SAVINGS

The author attempts to define the value attached to savings in travel time by travellers at the marginal moment when this savings compels them to change their usual mode of transport. From statistical data collected in Sydney in 1971, he prepares tables giving the hourly values of the time saved, calculated by means of a mathematical model for several trip lengths, amounts of time saved and annual incomes. He recognises that this value decreases with the time saved and the trip length; he introduces a notion of thresh-hold, under which the amount of time saved is not felt and discusses these results.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/856156
• Corporate Authors:

  London School of Economics and Political Science

  Houghton Street, Aldwych
  London WC2A 2AE,   England 
• Authors:
  • Hensher, D E
• Publication Date: 1976-5

Media Info

• Features: Figures; References; Tables;
• Pagination: p. 167-176
• Serial:
  • Journal of Transport Economics and Policy
  • Publisher: University of Bath
  • ISSN: 0022-5258
  • Serial URL: http://www.jtep.com

Subject/Index Terms

• TRT Terms: Commuter service; Commuters; Costs; Human factors; Mode choice; Passengers; Socioeconomic factors; Thermodynamics; Travel demand; Travel patterns; Trip length; Work trips
• Subject Areas: Economics; Finance; Highways; Operations and Traffic Management; Passenger Transportation; Railroads; Safety and Human Factors; Society;

Filing Info

• Accession Number: 00148611
• Record Type: Publication
• Source Agency: International Union of Railways
• Files: TRIS
• Created Date: Aug 31 1977 12:00AM