Highway Reservation System Design and Its Application to Freight Transportation

Lee, Choungryeol; He, Xiaozheng; Peeta, Srinivas; Chu, Chih-Peng; NEXTRANS Center (U.S.)

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Highway Reservation System Design and Its Application to Freight Transportation

2014-05-01
By Lee, Choungryeol ; He, Xiaozheng ; Peeta, Srinivas ; ...

[PDF-1.09 MB]

English

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Creators:

Lee, Choungryeol ; He, Xiaozheng ; Peeta, Srinivas ; Chu, Chih-Peng

Lee, Choungryeol ; He, Xiaozheng ; Peeta, Srinivas ; Chu, Chih-Peng Less -
Corporate Creators:

NEXTRANS Center (U.S.)
Corporate Contributors:

United States. Dept. of Transportation. Research and Innovative Technology Administration
Subject/TRT Terms:

[+]

Freight Transportation Highways Rates, Fares And Tolls Research Hub Reservation Systems Travel Demand Management Truck Lanes Truck Traffic User Charges
Publication/ Report Number:

Project No.057PY03
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

NEXTRANS Center (U.S.) ; University Transportation Centers Program (U.S.)

NEXTRANS Center (U.S.) ; University Transportation Centers Program (U.S.) Less -
NTL Classification:

NTL-FREIGHT-FREIGHT;NTL-HIGHWAY/ROAD TRANSPORTATION-Design;
Abstract:

Congestion and safety associated with freight trucks are key issues that arise in the context of highway transportation, especially in the heavily-traveled commercial corridors. To address these issues, truck-only lanes for freight trucks have been proposed as a solution to improve the productivity and reduce congestion, safety hazards and emissions. Truck-only lanes combined with a reservation system can potentially enable efficient operations and reliable demand management to guarantee high quality of service. In this regard, a reservation system with a real options approach can address key issues associated with the user-pays principle (i.e., the beneficiaries of truck-only lanes pay the toll) and fair reservation fees for both highway operators and the users for truck-only lanes. This research seeks to develop an option-pricing mechanism consistent with the highway system’s operation and to formulate a closed-form pricing-function on reservation options on truck-only lanes to guarantee a threshold level of service, given the vulnerability associated with system management failure.
Format:

PDF
Funding:

DTRT07-G-005
Collection(s):

University Transportation Centers US Transportation Collection
Main Document Checksum:

[+]

urn:sha256:be2314b960f519d3653a011acda6e0b20583da74cd5e0498271e297539b8d53f
Download URL:

https://rosap.ntl.bts.gov/view/dot/24954/dot_24954_DS1.pdf
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Highway Reservation System Design and Its Application to Freight Transportation

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