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Value of travel time savings of autonomous vehicle commuters: a segmented valuation for local and inter-city travel

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Abstract

In this study we aim to identify how the adoption of autonomous vehicles (AVs) affects the value of travel time savings (VOTTS) for commuting trips under different trip distance scenarios (local and inter-city travel). Using a stated preference survey administered to Korean commuters in 2019, two multinomial logit (MNL) mode choice models are developed. These models are stratified by trip length and include four alternatives: AV with a manual driving option (AVMD), AV with a self-driving option (AVSD), shared AV (SAV), and public transit (PT). The results show that the value of in-vehicle travel time savings for AVSD (on average, 7.61/hr)islowerthanfortheothertwoAVmodes(AVMD=7.61/hr) is lower than for the other two AV modes (AVMD = 10.26/hr, SAV = $13.67/hr). It suggests that travelers tend to pay less to reduce travel time while using a private hands-free mode because it allows travelers to use their travel time more productively and/or relieve stress for driving. In addition, changes in the VOTTS for each mode vary by trip length. As travel distance increases, VOTTS for shared modes (SAV and PT) tends to decrease. The value of in-vehicle travel time for SAV in the local travel scenario is the highest among the four modes but is considerably lower than that in the inter-city scenario. These differences suggest that travelers require a certain amount of time to fully use their in-vehicle time, highlighting the importance of trip length when determining the VOTTS. Interestingly, the VOTTS for PT is lower than three AV modes, implying that it might be too early to expect substantial reduction in the VOTTS for AVs due to potential risks of accidents, unfamiliarity with AVs, or immature technology of AVs. • Highlights • Likelihood of choosing autonomous vehicles is modelled based on trip length. • Changes in value of travel time savings for each mode vary by trip length. • Value of travel time savings for public transit is lower than autonomous vehicles. • Self-driving vehicles have a low value of travel time savings than other modes. • People need a certain amount of time to fully perform activities while traveling.

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... Thus, travel demand is likely to increase due to these new user groups. Additionally, since their passengers can engage in non-driving activities, AVs will decrease drivers' willingness to pay for reduced travel times, thus value of time reduction, for travelers [18,[27][28][29]. As a result, a significant mode shift to AVs from public transportation is anticipated [14]. ...
... This may induce additional demand for private transport and a shift from public transport to AVs [18]. In addition, travel patterns may change since AVs may be preferred for longer trips due to the lowered burden of driving [28]. If such changes can be reflected in future simulation models, the outputs may be more reliable and interpretable. ...
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We explore how the hypothetical provision of Wi-Fi on transit affects the willingness of non-transit commuters (solo drivers, ridesharers, and cyclists) in Northern California (N = 1402) to switch from their current mode to public transit with internet access (PTWIA). Beyond the prima facie interpretation of our survey results, they shed light on the heterogeneously-perceived utility of hands-free travel more generally, and, as such, speak to an automated-vehicle future. We develop latent class binary choice models of the likelihood of switching to PTWIA, stratified by current commute mode. Each model identifies two latent classes, based largely on work-related attitudes: solo drivers divide into the work-oriented (22%) and pleasure-oriented (78%); ridesharers into the over-traveled monotaskers (77%) and multitasking commuters (23%); and cyclists into work-oriented (28%) and non-work-oriented (72%). Thus, non-work-oriented commuters are a sizable majority of non-transit users, and also have a much lower weighted probability of switching to PTWIA (0.17, on average) compared to the work-oriented commuters (0.48). In sum, work-friendly hands-free travel can be an appealing alternative to those who are oriented toward working (and especially on the commute), but (1) not for all of them, and (2) such people only constitute about a quarter of the non-transit commuters (in Northern California). These results provide empirical insight into the extent to which the productive use of travel time made possible by automated vehicles will be exploited by future commuters.
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Many studies have begun investigating possible transportation landscapes in the autonomous vehicle (AV) era, but empirical results on longer-term decisions are limited. We address this gap using data collected from a survey designed and implemented for Georgia residents in 2017–2018. Focusing on a hypothetical all-AV future, this section of the survey included questions regarding advantages/disadvantages of AVs, short-term mode choice impacts, medium-term impacts on activity patterns, and long-term behavioral changes – specifically, whether/how AVs will influence individuals to change residential location and the number of cars in the household. We hypothesize that AVs could act in concert with attitudinal preferences to stimulate changes in these long-term decisions, and that some medium-term activity changes triggered by AVs could motivate people to relocate their residence or shed household vehicles. We applied exploratory factor analysis to measure the perceived likelihood that AVs would prompt various medium-term changes. We then included some of those measures, among other variables, in a cross-nested logit (CNL) model of the choice of the residential location/vehicle ownership bundle. Although more than half of respondents expected “no change” in their bundle, we found that younger, lower income, pro-suburban, and pro-non-car-mode individuals were more likely to anticipate changing their selections. In addition, some expected medium-term impacts of AVs influenced changes in these longer-term choices. We further applied the CNL model to two population segments (Atlanta and non-Atlanta-region residents). We found notable improvement in goodness of fit and different effects of factors across segments, signifying the existence of geography-related taste heterogeneity.
Article
Increasing population and travel demand has prompted new efforts to model travel demand across the United States. One such model is rJourney that estimates travel demand among thousands of regions and models mode and destination choice. rJourney includes records representing 1.17 billion long-distance trips throughout the year 2010. Although inter-regional impacts caused by an increase of automated vehicles (AVs) has been investigated, there is little research on inter-regional travel and how longer distance destination and mode choices will change. Because of conveniences offered by AVs, the value of travel time of drivers is expected to fall, thus reducing the generalized cost of AV travel. To initially analyze the impacts of AVs in the United States, a new AV mode was added to a subset of the rJourney mode and destination choice models. With an initial scenario assuming an operating cost of AVs that is 118% of traditional cars, two outcomes are observed that are solely based on model results. First, the attractiveness of AVs severely digs into the airline travel market, reducing airline revenues to 53%. Second, the introduction of AVs results in a shift of destination choice, increasing travel in further distances for personal vehicles, but favoring closer distances across all modes, for an overall 6.7% decline in US passenger-miles traveled on existing long-distance trips. While this preliminary research has revealed an initial perspective on how an existing model can support AVs, the increasing availability of data as AVs emerge will refine nationwide long-distance modeling.
Article
The literature suggests that autonomous vehicles (AVs) may drastically change the user experience of private automobile travel by allowing users to engage in productive or relaxing activities while travelling. As a consequence, the generalised cost of car travel may decrease, and car users may become less sensitive to travel time. By facilitating private motorised mobility, AVs may eventually impact land use and households’ residential location choices. This paper seeks to advance the understanding of the potential impacts of AVs on travel behaviour and land use by investigating stated preferences for combinations of residential locations and travel options for the commute in the context of autonomous automobile travel. Our analysis draws from a stated preference survey, which was completed by 512 commuters from the Sydney metropolitan area in Australia and provides insights into travel time valuations in a long-term decision-making context. For the analysis of the stated choice data, mixed logit models are estimated. Based on the empirical results, no changes in the valuation of travel time due to the advent of AVs should be expected. However, given the hypothetical nature of the stated preference survey, the results may be affected by methodological limitations.
Article
Travel-based multitasking, or the performance of activities while traveling, is more feasible than ever before, as the expanding availability of shared ride services and increasing vehicle automation coincide with the ubiquity of portable information and communication technology devices. However, the question of whether, and if so, how these increasingly blurred boundaries between activities are truly helping rather than hurting us is not presently well-understood. Using an attitudinally-rich travel survey of Northern California commuters (N ≈ 2500), we develop a conceptual and empirically-based framework for studying benefits and disadvantages of travel-based multitasking. Through latent variable models of reported benefits and disadvantages of activities conducted on a recent commute, we identify constructs associated with hedonic and productive benefits, and with affective and cognitive disadvantages. This empirically-developed framework informs the definition of binary variables indicating the presence/absence of each construct for a given traveler on the commute in question. We then present two bivariate binary probit models that examine the effects of person and trip attributes such as personality traits, chosen mode, commute preferences, and activities conducted while traveling on the presence of those benefits and disadvantages, respectively. Notably, we find evidence that conditions/activities that may facilitate multitasking benefits can also simultaneously yield disadvantages; for example, several activities – conspicuously including talking on or otherwise using a phone – increase the probability of receiving benefits while also increasing the probability of experiencing cognitive disadvantages. This finding resonates with the general multitasking literature, and empirically corroborates the suggestion that travel-based multitasking may not uniformly increase trip utility.
Article
Although the influence of compact development on travel behavior has been extensively studied over the past decades, additional empirical evidence is needed to better understand that effect. This study explores the influences of the built environment (BE) on zone-based travel patterns using the 2010 Household Travel Survey data in Korea, . We apply seemingly unrelated regression (SUR) and censored regression models to reveal relationships between the BE and zone-based travel patterns in the SMA. Results indicate that: (1) transit-oriented design promotes public transit and suppresses auto trips; (2) the rail mode is more predominant relative to the bus mode; (3) mixed land use with high-density development and gridded pattern streets have a positive impact on walking; and (4) high density and easy access to rail have positive influences on reducing distance traveled by automobiles. Our results suggest that a differentiated strategy is needed to improve urban sustainability in the SMA.
Article
Developing sustainable transportation systems in a city can be substantially assisted by promoting environmentally friendly transportation modes such as walking, cycling, and public transit rather than private cars. Strategies for promoting these desirable transportation modes can be effectively identified based on a sound understanding of how citizens choose a travel mode. In this study, we sought to enhance this understanding by exploring factors associated with commute mode choice utilizing data from a general social survey in Seoul, South Korea. Based on the data, parametric and non-parametric statistical models based on classification tree and multilevel logistic regression approaches, respectively, were developed as a way to capture influential factors associated with the mode choice decision. The models illustrate that commuters’ socio-demographic characteristics such as income, occupation, gender, and residence duration tend to significantly influence mode choice. In addition, they showed that respondents’ attitudes and behaviors, including the amount of time spent on the internet and self-assessed social status, can be strongly associated with mode choice. This study is also meaningful in that it demonstrates the potential applicability of general social survey data for investigating travel behavior considering various factors that are rarely included in general transportation surveys.
Article
Many experts believe the transport system is about to change dramatically. This change is due to so-called fully-automated vehicles (AVs). However, at present, there are numerous important knowledge gaps that need to be solved for the successful integration of AVs in our transport systems, in particular regarding the impacts of AVs on travel demand. For instance, full automation will enable passengers to perform other, non-driving, related tasks while traveling to their destination. This may substantially change the way in which passengers experience traveling by car, and, in turn, may lead to considerable changes in the so-called Value of Travel Time (VOTT). Many experts anticipate the VOTT to decrease substantially due to AVs. However, the extent to which VOTT will change is currently far from clear. This study aims to develop new insights on the potential impacts of fully automated vehicles on the VOTT for commute trips. To do so, we first look at the existing microeconomics theory on the perceived VOTT and analyze the expected changes accrued from the effect of working and having leisure in an AV. We conclude that the VOTT of a work vehicle should be lower than what is experienced today in a conventional vehicle but the leisure one could stay the same. Then we conduct a stated choice experiment, specifically designed and administered for measuring the VOTT, and analyze these data using discrete choice models (DCMs). In total, we collected data from about 500 respondents. In the experiment, respondents were presented choice tasks consisting of three alternatives: an AV with office interior, an AV with leisure interior, and a conventional car. The same experiment was also given to another sample of respondents but this time describing a chauffeur-driven vehicle. Overall we find the average VOTT for an AV with an office interior (5.50€/h) to be lower than the VOTT for the conventional car (7.47€/h), however the AV with leisure interior is not found to decrease the value of time (8.17€/h) which confirms the theoretical results. The VOTT for the chauffeur experiment is systematically lower than for the AV experiment which we attribute to some distrust that people have regarding the AVs.
Article
Autonomous vehicles (AVs) are expected to reshape travel behaviour and demand in part by enabling productive uses of travel time—a primary component of the “positive utility of travel” concept—thus reducing subjective values of travel time savings (VOT). Many studies from industry and academia have assumed significant increases in travel time use and reductions in VOT for AVs. In this position paper, I argue that AVs’ VOT impacts may be more modest than anticipated and derive from a different source. Vehicle designs and operations may limit activity engagement during travel, with AV users feeling more like car passengers than train riders. Furthermore, shared AVs may attenuate travel time use benefits, and productivity gains could be limited to long-distance trips. Although AV riders will likely have greater activity participation during travel, many in-vehicle activities today may be more about coping with commuting burdens than productively using travel time. Instead, VOT reductions may be more likely to arise from a different “positive utility”—subjective well-being improvements through reduced stresses of driving or the ability to relax and mentally transition. Given high uncertainty, further empirical research on the experiential, time use, and VOT impacts of AVs is needed.
Article
This study looks into the multitasking patterns for the developing world, while providing empirical evidences of the effect of multitasking on the value of travel time savings (VTTS). The multitasking behaviour during travel was studied, ascertaining the effect of various socio-economic variables, access to information and communication technologies (ICT), and travel related factors. Travel diary data was collected across the city of Mumbai, India for 1123 individuals capturing their revealed preferences on travel and multitasking during travel. It was observed that having a smartphone with an internet usage of more than one GB data had positive significant impacts on ICT dependent multitasking activities. In addition, the proportion of no-activity also significantly reduced with higher access to ICT. It was observed that the VTTS reduced by 26% for individuals who performed multitasking. Furthermore, for reading on a mobile device, usage of social media, messaging or talking to someone on phone, and for gaming, the VTTS reduced by 25%, 37%, and 16% respectively. Findings were used to make cross country comparisons and discuss policy implications.
Article
Emerging transportation technologies have the potential to significantly reshape the transportation systems and household vehicle ownership. Key among these transportation technologies are the autonomous vehicles, particularly when introduced in shared vehicle fleets. In this paper, we focus on the potential impact that fleets of shared autonomous vehicles might have on household vehicle ownership. To obtain initial insights into this issue, we asked a sample of university personnel and members of the American Automobile Association as to how likely they would consider relinquishing one of their household's personal vehicles if shared autonomous vehicles were available (thus reducing their household vehicle ownership level by one). For single-vehicle households, this would be relinquishing their only vehicle, and for multivehicle households (households owning two or more vehicles) this would be relinquishing just one of their vehicles. Possible responses to the question about relinquishing a household vehicle if shared autonomous vehicles are present are: extremely unlikely, unlikely, unsure, likely, and extremely likely. To determine the factors that influence this response, random parameters ordered probit models are estimated to account for the likelihood that considerable unobserved heterogeneity is likely to be present in the data. The findings show that a wide range of socioeconomic factors affects people's likelihood of vehicle relinquishment in the presence of shared autonomous vehicles. Key among these are gender effects, generational elements, commuting patterns, and respondents' vehicle crash history and experiences. While people's opinions of shared autonomous vehicles are evolving with the continual introduction of new autonomous vehicle technologies and shifting travel behavior, the results of this study provide important initial insights into the likely effects of shared autonomous vehicles on household vehicle ownership.
Article
Autonomous Vehicle (AV) technology is quickly becoming a reality on US roads. Testing on public roads is currently undergoing, with many AV makers located and testing in Silicon Valley, California. The California Department of Motor Vehicles (CA DMV) currently mandates that any vehicle tested on California public roads be retrofitted to account for a back-up human driver, and that data related to disengagements of the AV technology be publicly available. Disengagements data is analyzed in this work, given the safety-critical role of AV disengagements, which require the control of the vehicle to be handed back to the human driver in a safe and timely manner. This study provides a comprehensive overview of the fragmented data obtained from AV manufacturers testing on California public roads from 2014 to 2017. Trends of disengagement reporting, associated frequencies, average mileage driven before failure, and an analysis of triggers and contributory factors are here presented. The analysis of the disengagements data also highlights several shortcomings of the current regulations. The results presented thus constitute an important starting point for improvements on the current drafts of the testing and deployment regulations for autonomous vehicles on public roads.
Article
This study gains insight into individual motivations for choosing to own and use autonomous vehicles and develops a model for autonomous vehicle long-term choice decisions. A stated preference questionnaire is distributed to 721 individuals living across Israel and North America. Based on the characteristics of their current commutes, individuals are presented with various scenarios and asked to choose the car they would use for their commute. A vehicle choice model which includes three options is estimated: (1) Continue to commute using a regular car that you have in your possession. (2) Buy and shift to commuting using a privately-owned autonomous vehicle (PAV). (3) Shift to using a shared-autonomous vehicle (SAV), from a fleet of on-demand cars for your commute. A factor analysis determined five relevant latent variables describing the individuals’ attitudes: technology interest, environmental concern, enjoy driving, public transit attitude, and pro-AV sentiments. The effects that the characteristics of the individual and the autonomous vehicle have on use and acceptance are quantified through random utility models including logit kernel model taking into account panel effects.Currently, large overall hesitations towards autonomous vehicle adoption exist, with 44% of choice decisions remaining regular vehicles. Early AV adopters will likely be young, students, more educated, and spend more time in vehicles. Even if the SAV service were to be completely free, only 75% of individuals would currently be willing to use SAVs. The study also found various differences regarding the preferences of individuals in Israel and North America, namely that Israelis are overall more likely to shift to autonomous vehicles. Methods to encourage SAV use include increasing the costs for regular cars as well as educating the public about the benefits of shared autonomous vehicles.
Article
Although vehicle automation technology has experienced rapid gains in recent years, little research has been conducted on the potential impacts of self-driving vehicles on long-distance personal travel, a major area of travel growth in the United States. Automated vehicles (AVs) offer flexible trip time and origin destination pairings at travel time costs perceived to be lower; thus, AVs have the potential to dramatically change how travelers pursue long-distance tours. This study analyzed travel surveys and then developed a statewide simulation experiment of long-distance travel to anticipate the impact of AVs on long-distance travel choices. The research explored the Michigan State 2009 Long-Distance Travel Survey and estimated a long-distance trip generation model and a modal-agnostic long-distance mode-choice model. These models were applied in a statewide simulation experiment in which AVs were introduced as a new mode with lower perceived travel time costs (via lowered values of travel time en route) and higher travel costs (to reflect the initially high price of complete vehicle automation). This experiment highlighted the potential shifts in mode choices across different trip distances and purposes. For travel of less than 500 mi, AVs tended to draw from the use of personal vehicles and airlines equally. Airlines were estimated to remain preferred for distances greater than 500 mi (43.6% of trips greater than 500 mi were by air, and 70.9% of trips greater than 1,000 mi were by air). Additionally, at certain AV travel time valuations, travel cost was not a significant factor. The findings showed that as the perceived travel time benefits from hands-free travel rose, monetary costs became less important.
Article
Gender difference in the attitude toward technology use has long been a concern in education. The last meta-analysis on this issue covered the empirical studies up to about 20 years ago. Since then, technology use has increased exponentially, and many more empirical studies have examined this issue, but showed inconsistent findings. As a result, there is a lack of clear understanding about if such gender difference still persists. The purpose of this research is to re-examine this issue by meta-analyzing the empirical research studies on this issue in the last two decades, and to examine the potential moderators that may have contributed to the heterogeneity of the research findings. A total of 50 articles from 1997 to 2014 were identified and used in this meta-analysis. The findings indicated that males still hold more favorable attitudes toward technology use than females, but such different would be characterized as small effect sizes. The comparison between this study and the last meta-analysis of about two decades ago suggested that there was only minimal reduction in the gender attitudinal gap in general. But when the general attitude was broken down to different dimensions of attitude, the present study showed a reduction of gender difference in the dimension of Affect and Self-efficacy, but not in the dimension of Belief. The limitations of the study were noted, and the implications and future research directions were discussed.
Article
Automated vehicles represent a technology that promises to increase mobility for many groups, including the senior population (those over age 65) but also for non-drivers and people with medical conditions. This paper estimates bounds on the potential increases in travel in a fully automated vehicle environment due to an increase in mobility from the non-driving and senior populations and people with travel-restrictive medical conditions. In addition, these bounding estimates indicate which of these demographics could have the greatest increases in annual vehicle miles traveled (VMT) and highlight those age groups and genders within these populations that could contribute the most to the VMT increases. The data source is the 2009 National Household Transportation Survey (NHTS), which provides information on travel characteristics of the U.S. population. The changes to light-duty VMT are estimated by creating and examining three possible travel demand wedges. In demand wedge one, non-drivers are assumed to travel as much as the drivers within each age group and gender. Demand wedge two assumes that the driving elderly (those over age 65) without medical conditions will travel as much as a younger population within each gender. Demand wedge three makes the assumption that working age adult drivers (19–64) with medical conditions will travel as much as working age adults without medical conditions within each gender, while the driving elderly with medical any travel-restrictive conditions will travel as much as a younger demographic within each gender in a fully automated vehicle environment. The combination of the results from all three demand wedges represents an upper bound of 295 billion miles or a 14% increase in annual light-duty VMT for the US population 19 and older. Since traveling has other costs besides driving effort, these estimates serve to bound the potential increase from these populations to inform the scope of the challenges, rather than forecast specific VMT scenarios.
Article
This paper reports the most extensive meta-analysis of values of time yet conducted, covering 3109 monetary valuations assembled from 389 European studies conducted between 1963 and 2011. It aims to explain how valuations vary across studies, including over time and between countries. In addition to the customary coverage of in-vehicle time in review studies, this paper covers valuations of walk time, wait time, service headway, parking space search time, departure time switching, time in congested traffic, schedule delay early and late, mean lateness and the standard deviation of travel time. Valuations are found to vary with type of time, GDP, distance, journey purpose, mode, the monetary numeraire and a number of factors related to estimation. Model output values of time compare favourably with earnings data, replicate well official recommended values obtained from major national studies, and are transferable across countries. These implied monetary values serve as very useful benchmarks against which new evidence can be assessed and provide parameters and values for countries and contexts where there is no other such evidence.
Article
In the recent years many developments took place regarding automated vehicles (AVs) technology. It is however unknown to which extent the share of the existing transport modes will change as result of AVs introduction as another public transport option. This study is the first where detailed traveller preferences for AVs are explored and compared to existing modes. Its main objective is to position AVs in the transportation market and understand the sensitivity of travellers towards some of their attributes, focusing particularly on the use of these vehicles as egress mode of train trips. Because fully-automated vehicles are not yet a reality and they entail a potentially high disruptive way on how we use automobiles today, we apply a stated preference experiment where the role of attitudes in perceiving the utility of AVs is particularly explored in addition to the classical instrumental variables and several socio-economic variables. The estimated discrete choice model shows that first class train travellers on average prefer the use of AVs as egress mode, compared to the use of bicycle or bus/tram/metro as egress. We therefore conclude that AVs as last mile transport between the train station and the final destination have most potential for first class train travellers. Results show that in-vehicle time in AVs is experienced more negatively than in-vehicle time in manually driven cars. This suggests that travellers do not perceive the theoretical advantage of being able to perform other tasks during the trip in an automated vehicle, at least not yet. Results also show that travellers’ attitudes regarding trust and sustainability of AVs are playing an important role in AVs attractiveness, which leads to uncertainty on how people will react when AVs are introduced in practice. We therefore state the importance of paying sufficient attention to these psychological factors, next to classic instrumental attributes like travel time and costs, before and during the implementation process of AVs as a public transport alternative. We recommend the extension of this research to revealed preference studies, thereby using the results of field studies.
Article
Shared autonomous vehicles (SAVs) could provide inexpensive mobility on-demand services. In addition, the autonomous vehicle technology could facilitate the implementation of dynamic ride-sharing (DRS). The widespread adoption of SAVs could provide benefits to society, but also entail risks. For the design of effective policies aiming to realize the advantages of SAVs, a better understanding of how SAVs may be adopted is necessary. This article intends to advance future research about the travel behavior impacts of SAVs, by identifying the characteristics of users who are likely to adopt SAV services and by eliciting willingness to pay measures for service attributes. For this purpose, a stated choice survey was conducted and analyzed, using a mixed logit model. The results show that service attributes including travel cost, travel time and waiting time may be critical determinants of the use of SAVs and the acceptance of DRS. Differences in willingness to pay for service attributes indicate that SAVs with DRS and SAVs without DRS are perceived as two distinct mobility options. The results imply that the adoption of SAVs may differ across cohorts, whereby young individuals and individuals with multimodal travel patterns may be more likely to adopt SAVs. The methodological limitations of the study are also acknowledged. Despite a potential hypothetical bias, the results capture the directionality and relative importance of the attributes of interest.
Article
This paper reviews British evidence regarding the value of travel time available from models developed since 1980. There are two main aspects to the review. First, a regression model has been developed to explain variations in the value of lime across studies. Second, the author reports on a review of variations in the value of time within specific studies. The review also places the research in historical perspective, with reference to work conducted elsewhere.
Article
We derive values of travel time savings (VOT) for the Madrid-Barcelona corridor, linking the two largest cities in Spain, based on the estimation of discrete choice models among the main public transport services in the corridor: air transport, high speed rail (HSR) and bus. The new HSR alternative (which started to operate in February 2008) competes directly with one of the densest airline domestic markets in the world, and its introduction produced substantial improvements in level of service, achieving reductions in travel time of more than 50% over the conventional train.
Article
Carsharing programs that operate as short-term vehicle rentals (often for one-way trips before ending the rental) like Car2Go and ZipCar have quickly expanded, with the number of US users doubling every 1–2 years over the past decade. Such programs seek to shift personal transportation choices from an owned asset to a service used on demand. The advent of autonomous or fully self-driving vehicles will address many current carsharing barriers, including users’ travel to access available vehicles.This work describes the design of an agent-based model for shared autonomous vehicle (SAV) operations, the results of many case-study applications using this model, and the estimated environmental benefits of such settings, versus conventional vehicle ownership and use. The model operates by generating trips throughout a grid-based urban area, with each trip assigned an origin, destination and departure time, to mimic realistic travel profiles. A preliminary model run estimates the SAV fleet size required to reasonably service all trips, also using a variety of vehicle relocation strategies that seek to minimize future traveler wait times. Next, the model is run over one-hundred days, with driverless vehicles ferrying travelers from one destination to the next. During each 5-min interval, some unused SAVs relocate, attempting to shorten wait times for next-period travelers.Case studies vary trip generation rates, trip distribution patterns, network congestion levels, service area size, vehicle relocation strategies, and fleet size. Preliminary results indicate that each SAV can replace around eleven conventional vehicles, but adds up to 10% more travel distance than comparable non-SAV trips, resulting in overall beneficial emissions impacts, once fleet-efficiency changes and embodied versus in-use emissions are assessed.
Article
After decades of study, the value of travel time remains incompletely understood and ripe for further theoretical and empirical investigation. Research has revealed many regularities and connections between willingness to pay for time savings and other economic factors including time of day choice, aversion to unreliability, labor supply, taxation, activity scheduling, intra-household time allocation, and out-of-office productivity. Some of these connections have been addressed through sophisticated modeling, revealing a plethora of reasons for heterogeneity in value of time rooted in behavior at a micro scale. This paper reviews what we know and what we need to know. A recurrent theme is that the value of time for a particular travel movement depends strongly on very specific factors, and that understanding how these factors work will provide new insights into travel behavior and into more general economic choices.
Article
The value of travel time savings (VTTS) is a critical parameter in transport project appraisal and through its application produces the dominating user benefit, typically 60 per cent of traditionally quantified user benefits. Beesley's work in the 1960s laid the foundation for much of the subsequent applied research, especially in respect of measurement and interpretation. This paper revisits Beesley's contribution in the context of the 1960s and shows the subsequent development of his ideas. © The London School of Economics and the University of Bath 2001
Article
The empirical valuation of travel time savings is a derivative of the ratio of parameter estimates in a discrete choice model. The most common formulation (multinomial logit) imposes strong restrictions on the profile of the unobserved influences on choice as represented by the random component of a preference function. As we progress our ability to relax these restrictions we open up opportunities to benchmark the values derived from simple (albeit relatively restrictive) models. In this paper we contrast the values of travel time savings derived from multinomial logit and alternative specifications of mixed (or random parameter) logit models. The empirical setting is urban car commuting in six locations in New Zealand. The evidence suggests that less restrictive choice model specifications tend to produce higher estimates of values of time savings compared to the multinomial logit model; however the degree of under-estimation of multinomial logit remains quite variable, depending on the context.
Article
The value of travel time savings (VTTS) is the monetary value attached to the possibility to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical. The present paper introduces a brief history of meta-analysis and describes the microeconomic formula used in VTTS estimations. It also provides a meta-analytical estimation of a selection of empirical studies, emphasizing the similarities and the differences between European and North-American observations.