Search results for "Value of time"
showing 4 items of 4 documents
An stated preference analysis of Spanish freight forwarders modal choice on the south-west Europe Motorway of the Sea
2011
Abstract This paper aims to contribute towards the design of effective freight transport policy by means of empirical analysis. In order to do so, a stated preference survey is undertaken to model the modal choice between door-to-door road transport and short sea shipping in the Motorway of the Sea of south-west Europe. The proposed analysis will provide policymakers with the necessary tool to identify the critical areas that should be addressed by future policy action in order to boost short sea shipping on Spain's Mediterranean coast. By applying the proposed method, we will be able to obtain estimates of the subjective values of transport attributes – value of time, value of reliability …
Valuing Freight Transport Time using Transport Demand Modelling: A Bibliographical Review
2011
The value of time for freight transport is of major importance in infrastructure-related cost–benefit analysis and yet its study has been largely neglected when compared with its passenger counterpart. In fact, one of the attributes that could decide the profitability of a project is how much can be saved if freight vehicles use new infrastructure. Despite being the primary benefit of most investments in transport infrastructure, researchers have not yet reached agreement over either the size or the nature of the values of time that should be used when evaluating projects. This article provides a review of the estimation of freight value of time through transport demand modelling and extant…
The value of time and transport policies in a parallel road network
2007
Abstract One of the key questions in the evaluation of transport policies and investment decisions is the valuation of the time savings or losses arising from such decisions. This paper uses the stated preference method to determine the value of time in a given traffic context characterised by a road parallel network. The values obtained are higher than usual in Spanish project evaluation which, among other things, points out the need for specific studies of all transport projects whenever possible. Finally, two cases are described which illustrate the relevance of the value of time. The first evaluates time savings related to the pricing policies of a motorway competing with a trunk road. …
Viability of new road infrastructure with heterogeneous users
2011
This paper explores the importance of heterogeneity in value of time and route choice when assessing the viability of new road infrastructure to alleviate congestion problems. The model incorporates strategic interaction between road operators in a cost-benefit framework and several competitive regimes are considered. It is then employed to establish the financial and socio-economic viability of a congestion pricing demonstration entering Madrid city centre, where road users have to choose between a free but highly congested road and a priced free-flowing road (semi-private regime). A logit estimation is undertaken with information from a questionnaire among road users in the Eastern Madrid…