Comparative Analysis of Dynamic Pricing Strategies for Managed Lanes

Laval, Jorge A.; Yin, Yafeng; Lou, Yingyan; Cho, Hyun W.

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Comparative Analysis of Dynamic Pricing Strategies for Managed Lanes

2015-06-01
By Laval, Jorge A. ; Yin, Yafeng ; Lou, Yingyan

File Language:

English

Details

Creators:

Laval, Jorge A. ; Yin, Yafeng ; Lou, Yingyan ; Cho, Hyun W.
Corporate Creators:

Southeastern Transportation Research, Innovation, Development and Education Center (STRIDE)
Corporate Contributors:

United States. Department of Transportation. Research and Innovative Technology Administration
Subject/TRT Terms:
Publication/ Report Number:

2012-089S
Resource Type:

Tech Report
Geographical Coverage:

United States
Edition:

Final Report
Corporate Publisher:

Southeastern Transportation Research, Innovation, Development and Education Center (STRIDE)
Abstract:

The objective of this research is to investigate and compare the performances of different dynamic pricing strategies for managed lanes facilities. These pricing strategies include real-time traffic responsive methods, as well as refund options and tradable credit schemes. Analytical expressions for the assignment, revenue and total delay in each alternative are derived as a function of the pricing strategy. It is found that minimum total system delay can be achieved with many different pricing strategies. This gives flexibility to operators to allocate congestion to either alternative according to their specific objective while maintaining the same minimum total system delay. Given a specific objective, the optimal pricing strategy can be determined by finding a single parameter value in the case of high-occupancy/toll (HOT) lanes. Performances of pricing strategies are compared by simulation experiments.
Format:

PDF
Download URL:

https://rosap.ntl.bts.gov/view/dot/29102/dot_29102_DS1.pdf
File Type:

[PDF - 2.60 MB]
Collection(s):

University Transportation Centers ; US Transportation Collection
Main Document Checksum:

urn:sha-512:38f6f613697a0ff98963471cd173de31fc80df76d4d8f36fb74119e77240d2fb8467b4ffd19fbc93b3e3d319a4fb88051626f898fed583c7d1d6aeea6c4aae55

File Language:

English

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