Value of Travel Time Reliability: A Review of Current Evidence

14 Pages Posted: 8 Jan 2011 Last revised: 21 Jan 2011

See all articles by Carlos Carrion

Carlos Carrion

affiliation not provided to SSRN

David Matthew Levinson

affiliation not provided to SSRN

Date Written: August 1, 2010

Abstract

Travel time reliability is a fundamental factor in travel behavior. It represents the temporal uncertainty experienced by users in their movement between any two nodes in a network. The importance of the time reliability depends on the penalties incurred by the users. In road networks, travelers consider the existence of a trip travel time uncertainty in different choice situations (departure time, route, mode, and others). In this paper, a systematic review of the current state of research in travel time reliability, and more explicitly in the value of travel time reliability is presented. Moreover, a meta-analysis is performed in order to determine the reasons behind the discrepancy among the reliability estimates.

Keywords: Variability, Reliability, Travel Time, Scheduling

JEL Classification: R40, R41

Suggested Citation

Carrion, Carlos and Levinson, David Matthew, Value of Travel Time Reliability: A Review of Current Evidence (August 1, 2010). Available at SSRN: https://ssrn.com/abstract=1736052 or http://dx.doi.org/10.2139/ssrn.1736052

Carlos Carrion

affiliation not provided to SSRN ( email )

David Matthew Levinson (Contact Author)

affiliation not provided to SSRN

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
114
Abstract Views
1,482
rank
251,447
PlumX Metrics