Variation in the value of travel time savings and its impact on the benefits of managed lanes Academic Article

abstract

• This paper examines the variation in the value of travel time savings (VTTS) for travelers with a managed lane (ML) option when taking an ordinary trip versus a trip that is unusual in some way. VTTS estimates vary substantially depending on the urgency of the trip made. At the low end, the mean VTTS for a traveler who wants to make extra stops and still arrive on time is approximately 10% higher than that for an ordinary trip. At the high end, a traveler running late for an appointment shows a mean VTTS that is approximately 300% higher than that for an ordinary trip. These estimates vary widely over the population of travelers. In light of these variations, the value of an uncongested travel alternative (such as MLs) is examined and found to be greatly undervalued if using typical VTTS estimates. 2011 Taylor & Francis.

authors

• Burris, Mark
• Shaw, Douglass

published proceedings

• TRANSPORTATION PLANNING AND TECHNOLOGY

author list (cited authors)

• Patil, S., Burris, M., Shaw, W. D., & Concas, S.

citation count

• 18

complete list of authors

• Patil, Sunil||Burris, Mark||Shaw, W Douglass||Concas, Sisinnio

publication date

• January 2011

publisher

• Taylor & Francis  Publisher

published in

• Transportation Planning and Technology  Journal

keywords

• Managed Lanes
• Mixed Logit Model
• Savings Value
• Travel Time
• Urgent Situations

Digital Object Identifier (DOI)

• 10.1080/03081060.2011.600068

start page

• 547

end page

• 567

volume

• 34

issue

• 6

URL

• http%3A%2F%2Fdx.doi.org%2F10.1080%2F03081060.2011.600068