A model of risk-sensitive route-choice behavior and the potential benefit of route guidance
2011 (English)In: IEEE transactions on intelligent transportation systems (Print), ISSN 1524-9050, E-ISSN 1558-0016, Vol. 12, no 2, 384-389 p.Article in journal (Refereed) Published
In this paper, we present a simulation-based investigation of the potential benefit of route-guidance information in the context of risk-sensitive travelers. We set up a simple two-route scenario where travelers are repeatedly faced with risky route-choice decisions. The risk averseness of the travelers is implicitly controlled through a generic utility function. We vary both the travelers' sensitivity toward risk and the equipment fraction with route-guidance devices and show that the benefits of guided travelers increase with their sensitivity toward risk.
Place, publisher, year, edition, pages
2011. Vol. 12, no 2, 384-389 p.
Transport Systems and Logistics
IdentifiersURN: urn:nbn:se:kth:diva-76744DOI: 10.1109/TITS.2011.2105266ISI: 000291315100009OAI: oai:DiVA.org:kth-76744DiVA: diva2:491117
FunderTrenOp, Transport Research Environment with Novel Perspectives
TSC import 812 2012-02-06. QC 201202072012-02-062012-02-062012-06-12Bibliographically approved