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Scheduling choices under rank dependent utility maximization
KTH, School of Architecture and the Built Environment (ABE), Transport Science, Transport and Location Analysis. KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.
KTH, School of Architecture and the Built Environment (ABE), Transport Science, Transport and Location Analysis. KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.
KTH, School of Architecture and the Built Environment (ABE), Transport Science, Transport and Location Analysis. KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0001-5290-6101
2012 (English)Conference paper, Oral presentation only (Refereed)
Abstract [en]

Scheduling preferences, derived under the assumption of expected utilitymaximization, can be used for measuring value of travel time variability.As an alternative to expected utility maximization, rank dependent utilityis chosen in this paper. Considering a flexible probability weighting forranked outcomes, two frequently applied scheduling models are derived,and estimated on a data set with specific travel time distributions. Optimisticrespondents are observed. Allowing for heterogeneity of schedulingpreferences improves the model performance significantly. We also foundevidence for valuing excessive travel time, which is not included in thetraditional scheduling model specifications.

Place, publisher, year, edition, pages
2012.
Series
CTS - Working papers in Transport Economics, No 2013:16
Keyword [en]
Scheduling models, Rank dependent utility, Risk a ttitudes, Heterogeneity
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-115998OAI: oai:DiVA.org:kth-115998DiVA: diva2:588579
Conference
1st European Symposium on Quantitative Methods in Transportation Systems (LATSIS); Lausanne, Switzerland, 2012 Presented at EWGT 16th Euro Working Group on Transportation, Porto, 2013. Submitted to EWGT2013 proceeding: Elsevier Procedia - Social and Behavioral Sciences
Note

TSC import 2126 2013-01-15

QC 20131007

Available from: 2013-01-15 Created: 2013-01-15 Last updated: 2016-04-18Bibliographically approved
In thesis
1. Four Essays on Travel Behavior Modeling
Open this publication in new window or tab >>Four Essays on Travel Behavior Modeling
2013 (English)Doctoral thesis, comprehensive summary (Other academic)
Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2013. viii, 14 p.
Series
Trita-TSC-PHD, 13:002
National Category
Transport Systems and Logistics
Identifiers
urn:nbn:se:kth:diva-131759 (URN)978-91-87353-19-2 (ISBN)
Public defence
2013-11-08, Lejonsköldska salen, Drottning Kristinas Väg 37, KTH, Stockholm, 09:00 (English)
Opponent
Supervisors
Note

QC 20131024

Available from: 2013-10-24 Created: 2013-10-17 Last updated: 2013-10-24Bibliographically approved

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Karlström, Anders

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Citation style
  • apa
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Language
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  • Other locale
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Output format
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  • asciidoc
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