Title: EXAMINATION ON THE VARIATION OF VALUE OF TRAVEL TIME SAVING
Abstract:This paper describes hot the value of travel time saving is a critical parameter in transport projects and through its application produces the dominating user benefit. It's also an important paramete...This paper describes hot the value of travel time saving is a critical parameter in transport projects and through its application produces the dominating user benefit. It's also an important parameter in travel behavior analysis and traffic assignment. Although it is clear that value of travel time saving varies according to travel environments and travelers, this value has often been assumed as a constant in its applications for the sake of analytical convenience. Based on neoclassical microeconomic theory, this paper theoretically analyses whether and how value of travel time saving varies according to travel and economic environment in the first. And then an empirical practice, discrete choice analysis is carried out to describe variation of value of travel time saving. A reveled preference (RP) data about mode choice for traveling between the main six economic regions in Japan, Tokyo, Chukyo, Kansai, Hukuoka, Hirosima, and Sentai, provides the data source for the empirical analysis. The results provide useful information about evaluation of travel time saving to the intercity travel behavior analysis, and directly to the benefit analysis of transport projects for intercity travel.Read More
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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