The cost of travel time variability: Three measures with properties
2016 (English)In: Transportation Research Part B: Methodological, ISSN 0191-2615, E-ISSN 1879-2367, Vol. 91, 555-564 p.Article in journal (Refereed) Published
This paper explores the relationships between three types of measures of the cost of travel time variability: measures based on scheduling preferences and implicit departure time choice, Bernoulli type measures based on a univariate function of travel time, and mean-dispersion measures. We characterise measures that are both scheduling measures and mean-dispersion measures and measures that are both Bernoulli and mean-dispersion. There are no measures that are both scheduling and Bernoulli. We consider the impact of requiring that measures are additive or homogeneous, proving also a new strong result on the utility rates in an additive scheduling measure. These insights are useful for selecting cost measures to use in applications.
Place, publisher, year, edition, pages
Elsevier, 2016. Vol. 91, 555-564 p.
Value, Travel time, Variability, Reliability
Transport Systems and Logistics
IdentifiersURN: urn:nbn:se:kth:diva-192722DOI: 10.1016/j.trb.2016.06.012ISI: 000381842800028ScopusID: 2-s2.0-84977545565OAI: oai:DiVA.org:kth-192722DiVA: diva2:974284
QC 201609262016-09-262016-09-202016-09-26Bibliographically approved