Abstract
We present a simulation model designed to determine the impact on congestion of policies for dealing with travel time uncertainty. The model combines a supply side model of congestion delay with a discrete choice econometric demand model that predicts scheduling choices for morning commute trips. The supply model describes congestion technology and exogenously specifies the probability, severity, and duration of non-recurrent events. From these, given traffic volumes a distribution of travel times is generated, from which a mean, a standard deviation, and a probability of arriving late are calculated. The demand model uses these outputs from the supply model as independent variables and choices are forecast using sample enumeration and a synthetic sample of work start times and free flow travel times. The process is iterated until a stable congestion pattern is achieved. We report on the components of expected cost and the average travel delay for selected simulations.
Original language | English (US) |
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Pages (from-to) | 535-564 |
Number of pages | 30 |
Journal | Regional Science and Urban Economics |
Volume | 28 |
Issue number | 5 |
DOIs | |
State | Published - Sep 1 1998 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Urban Studies