Searched for: subject%3A%22value%255C+of%255C+travel%255C+time%22
(1 - 9 of 9)
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Fayyaz, Muhammad (author), Bliemer, Michiel C.J. (author), Beck, Matthew J. (author), Hess, Stephane (author), van Lint, J.W.C. (author)
Surveys with stated choice experiments (SCE) are widely used to derive values of time and reliability for transport project appraisal purposes. However, such methods ask respondents to make hypothetical choices, which in turn could create a bias between choices made in the experiment compared to those in an environment where the choices have...
journal article 2021
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van Cranenburgh, S. (author), Kouwenhoven, M.L.A. (author)
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...
journal article 2020
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Pudane, B. (author), Correia, Gonçalo (author)
This note revises the theoretical insights concerning the Value of Travel Time for automated vehicles as derived in a recent paper in this journal (Correia et al., 2019). That paper concluded that Value of Travel Time in an automated vehicle should be lower than in a conventional vehicle by salary rate, if the traveller works during the trip,...
journal article 2020
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van Essen, J.T. (author), Correia, Gonçalo (author)
The possibility of having driverless cars on the streets seems to be more real than ever. In this paper, we focus on developing exact methods that can determine the effects of privately owned automated vehicles (AVs) and how switching to those vehicles is going to change mobility in urban environments. The considered problem determines the...
journal article 2019
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Correia, Gonçalo (author), de Looff, Erwin (author), van Cranenburgh, S. (author), Snelder, M. (author), van Arem, B. (author)
Many experts believe the transport system is about to change dramatically. This change is due to so-called fully-automated vehicles (AVs). However, at present, there are numerous important knowledge gaps that need to be solved for the successful integration of AVs in our transport systems, in particular regarding the impacts of AVs on travel...
journal article 2019
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van Cranenburgh, S. (author), Kouwenhoven, M.L.A. (author)
The Value-of-Travel-Time (VTT) expresses travel time gains into monetary benefits. In the field of transport, this measure plays a decisive role in the Cost-Benefit Analyses of transport policies and infrastructure projects as well as in travel demand modelling. Traditionally, theory-driven discrete choice models are used to infer the VTT...
conference paper 2019
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Kouwenhoven, M.L.A. (author), de Jong, Gerard (author)
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...
journal article 2018
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Ojeda-Cabral, Manuel (author), Chorus, C.G. (author)
This paper identifies and illustrates the theoretical connection between the Random Valuation (RV) and Random Utility (RU) methods for Value of Travel Time Changes (VTTC) analysis. The RV method has become more and more popular recently, and has been found to lead to very different estimation results than conventional RU models. Previous...
journal article 2016
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Van de Kaa, E.J. (author)
In Transport Sciences different implementations of Utility Theory are commonly used for the description and prediction of human choice behaviour. Almost 30 years ago Kahneman and Tversky proposed an alternative behavioural-economic model of choice behaviour called Prospect Theory. In contrast to Utility Theory they assumed that preference orders...
doctoral thesis 2008
Searched for: subject%3A%22value%255C+of%255C+travel%255C+time%22
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