Investigating the value of time and value of reliability for managed lanes : [summary].
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2015-09-01
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By Jin, Xia
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Abstract:Managed lanes employ various operational and design strategies to improve highway
efficiency by moving traffic to lanes that are restricted, for example, to drivers with one or
more passengers or to drivers that pay a fee. A driver’s decision to use a managed lane is
based at least in part on the perception of value, either the value of the driver’s time (VOT) or
the value of reliability (VOR).
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