Improving Value of Travel Time Savings Estimation for More Effective Transportation Project Evaluation: [Summary]

Details

• Creators:
  Perk, Victoria A.
• Corporate Creators:
  University of South Florida
• Subject/TRT Terms:
  • Value of time
  • Value of service pricing
  • Travel time
  • High occupancy toll lanes
  • High occupancy vehicle lanes
  • Traffic lanes
  • Managed lanes
  • Congestion pricing
  • Research Hub
  • Value of time
  More +
• Resource Type:
  Booklet/Pamphlet
• Geographical Coverage:
  Florida ; United States
• Edition:
  Summary
• Corporate Publisher:
  Florida. Dept. of Transportation. Research Center
• NTL Classification:
  NTL-ENERGY AND ENVIRONMENT-ENERGY AND ENVIRONMENT ; NTL-ENERGY AND ENVIRONMENT-Environment Impacts ; NTL-OPERATIONS AND TRAFFIC CONTROLS-Congestion ; NTL-OPERATIONS AND TRAFFIC CONTROLS-OPERATIONS AND TRAFFIC CONTROLS ; NTL-OPERATIONS AND TRAFFIC CONTROLS-Traffic Flow
• Abstract:
  The daily commute to a job is a cost of working. Workers may share stories about the extent or rigors of their commute, or they may enjoy the time with reading, music, or drive-time radio personalities. For any trip, many factors contribute to a traveler’s choice of mode and route. Travel costs are estimated as value of time (VOT) and value of travel time savings (VTTS), estimates that seek to quantify both the tangible and intangible aspects of travel. Research into the proper methodologies and uses of data continue to evolve, but despite these uncertainties, VOT and VTTS are measures critical for transportation planners when developing cost-benefit analyses of projects, congestion pricing policies, or information about the likelihood of diverting travelers from single-occupant vehicles to alternative modes.
• Format:
  PDF
• Funding:
  BDK85 977-21
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/23643/dot_23643_DS1.pdf
• File Type:
  [PDF - 552.75 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:173f0ae710ef1d80a4cf13f7bbb32baf3155f3234a8c039f20eca2b9cbc4cb924b6cc6510de8fa70c3e99c191834383c2d37bb246e2b6cf067b55e4ded8c42d2