Author: Reuben Gronau
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 104
Book Description
The Value of Time in Passenger Transportation
Author: Reuben Gronau
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 104
Book Description
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 104
Book Description
Automation and the Value of Time in Passenger Transport
Author: Mogens Fosgerau
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
Book Description
This paper reiterates the basic principles and rationale for valuing travel time savings. It explains the type of impacts that the valuation of travel time savings intends to capture and discusses whether and how those fundamental principles continue to hold with automation and increased possibility of productive time use while travelling. The paper also discusses implications for traffic management and urban form that follow from increased in-vehicle productivity.
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
Book Description
This paper reiterates the basic principles and rationale for valuing travel time savings. It explains the type of impacts that the valuation of travel time savings intends to capture and discusses whether and how those fundamental principles continue to hold with automation and increased possibility of productive time use while travelling. The paper also discusses implications for traffic management and urban form that follow from increased in-vehicle productivity.
The Value of Passenger Travel Time for Use in Economic Evaluations of Transport Investments
Author: Canada. Transport Canada. Finance and Administration. Economic Evaluation Branch
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 43
Book Description
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 43
Book Description
The Value of Time for Passenger Cars
Author: Thomas C. Thomas
Publisher:
ISBN:
Category : Commuting
Languages : en
Pages : 300
Book Description
Publisher:
ISBN:
Category : Commuting
Languages : en
Pages : 300
Book Description
The Value of Travel Time for Passenger Cars
Author: Dan G. Haney
Publisher:
ISBN:
Category :
Languages : en
Pages : 116
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 116
Book Description
The Value of Time for Passenger Cars
Author: Stanford Research Institute
Publisher:
ISBN:
Category : Automobiles
Languages : en
Pages : 164
Book Description
Publisher:
ISBN:
Category : Automobiles
Languages : en
Pages : 164
Book Description
The Cost of Time and the Demand for Passenger Transportation
Author: J. Busschaert
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Value of Time for Passenger Cars
Author: Dan G. Haney
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 328
Book Description
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 328
Book Description
Key Transportation Indicators
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309084644
Category : Transportation
Languages : en
Pages : 51
Book Description
A transportation indicator is a measure of change over time in the transportation system or in its social, economic, environmental, or other effects. Two National Research Council (NRC) studies recommended, as a matter of high priority, that the Bureau of Transportation Statistics (BTS) in the U.S. Department of Transportation (USDOT) develop a consistent, easily understood, and useful set of key indicators of the transportation system. The NRC's Committee on National Statistics and its Transportation Research Board, which conducted these studies, convened a workshop on June 13, 2000. The purpose of the Workshop on Transportation Indicators was to discuss issues relating to transportation indicators and provide the Bureau of Transportation Statistics with new ideas for issues to address.
Publisher: National Academies Press
ISBN: 0309084644
Category : Transportation
Languages : en
Pages : 51
Book Description
A transportation indicator is a measure of change over time in the transportation system or in its social, economic, environmental, or other effects. Two National Research Council (NRC) studies recommended, as a matter of high priority, that the Bureau of Transportation Statistics (BTS) in the U.S. Department of Transportation (USDOT) develop a consistent, easily understood, and useful set of key indicators of the transportation system. The NRC's Committee on National Statistics and its Transportation Research Board, which conducted these studies, convened a workshop on June 13, 2000. The purpose of the Workshop on Transportation Indicators was to discuss issues relating to transportation indicators and provide the Bureau of Transportation Statistics with new ideas for issues to address.
The Value of Time
Author: Maiju Guo
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Consumption is usually associated with time spending. Sometimes the length of time itself is part of the products, for example, the length of consulting services or time duration of transportation. In other scenarios, there is a minimum requirement of time, or waiting time, that customers have to spend during their consumption process; examples include the long queue outside an amusement park ride, shipping time after placing an order on Amazon, and waiting time when hailing for a ride on the road. Marketers have started to offer various types of time-related service packages correspondingly, such as premium pass, 1-day delivery, and priority order. In this paper, we use anonymized and normalized browsing and order data from Didi - an online ride-hailing company, and estimate the value of waiting time in riding scenarios. We find that the value of saving one standardized unit of waiting time is equivalent to lowering 0.97 standardized unit of price for an average passenger. As a reference, upgrading to a higher level of car type is equivalent to lowering prices by only 0.4 standardized units. The marginal value is decreasing when the time horizon is short, but there exists a turning point at about 1.5 standardized time units. When the waiting time is less than 1.5 units, the marginal utility is decreasing; whereas when it is longer than 1.5 units, passengers exhibit an increasing marginal value in waiting time. Furthermore, we find a larger turning point in rush-hour orders (relative to non-rush-hour orders), and in weekday orders (relative to weekend orders). Our study provides new insights on understanding the value of time and is also practically relevant for managerial decisions on time-related product design and pricing.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Consumption is usually associated with time spending. Sometimes the length of time itself is part of the products, for example, the length of consulting services or time duration of transportation. In other scenarios, there is a minimum requirement of time, or waiting time, that customers have to spend during their consumption process; examples include the long queue outside an amusement park ride, shipping time after placing an order on Amazon, and waiting time when hailing for a ride on the road. Marketers have started to offer various types of time-related service packages correspondingly, such as premium pass, 1-day delivery, and priority order. In this paper, we use anonymized and normalized browsing and order data from Didi - an online ride-hailing company, and estimate the value of waiting time in riding scenarios. We find that the value of saving one standardized unit of waiting time is equivalent to lowering 0.97 standardized unit of price for an average passenger. As a reference, upgrading to a higher level of car type is equivalent to lowering prices by only 0.4 standardized units. The marginal value is decreasing when the time horizon is short, but there exists a turning point at about 1.5 standardized time units. When the waiting time is less than 1.5 units, the marginal utility is decreasing; whereas when it is longer than 1.5 units, passengers exhibit an increasing marginal value in waiting time. Furthermore, we find a larger turning point in rush-hour orders (relative to non-rush-hour orders), and in weekday orders (relative to weekend orders). Our study provides new insights on understanding the value of time and is also practically relevant for managerial decisions on time-related product design and pricing.