An artificial neural network based method to uncover the value-of-travel-time distribution

This study proposes a novel Artificial Neural Network (ANN) based method to derive the Value-of-Travel-Time (VTT) distribution. The strength of this method is that it is possible to uncover the VTT distribution (and its moments) without making assumptions about the shape of the distribution or the error terms, while being able to incorporate...

Value of travel time as a function of comfort

The value of travel time can theoretically be defined as the opportunity cost of travel minus the direct utility from spending the time during the trip. This paper searches for empirical evidence to support this formulation. We show that travellers who indicate that a shorter trip duration is useful or a longer trip duration is very...