Evaluation of value pricing using a multiclass dynamic network model

Rong He; Bin Ran; Keechoo Choi; Alain L. Kornhauser

doi:10.1061/(ASCE)0733-947X(2003)129:6(617)

Evaluation of value pricing using a multiclass dynamic network model

Rong He, Bin Ran, Keechoo Choi, Alain L. Kornhauser

Operations Research & Financial Engineering

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

To convert HOV (high-occupancy vehicle) lanes to HOT (high-occupancy toll) lanes, it is necessary to evaluate the relevant benefits to drivers, to highway maintenance, to traffic management, and to the whole society under various combinations of tolls, motorists' perception error, and travel demand. This paper assesses the benefit and effect of an HOV/HOT lane project on the I-394 corridor network in the Twin Cities by using an analytical multiclass stochastic dynamic transportation network model with Monte Carlo simulation and the method of successive averages. Specifically, the effects of various toll schemes for HOT lane design and operations are investigated. The results are analyzed, yielding useful insights for the design and evaluation of HOT lanes.

Original language	English (US)
Pages (from-to)	617-624
Number of pages	8
Journal	Journal of Transportation Engineering
Volume	129
Issue number	6
DOIs	https://doi.org/10.1061/(ASCE)0733-947X(2003)129:6(617)
State	Published - Nov 2003

All Science Journal Classification (ASJC) codes

Civil and Structural Engineering
Transportation

Keywords

High occupancy vehicles
Pricing
Traffic assignment
Traffic models

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10.1061/(ASCE)0733-947X(2003)129:6(617)

Cite this

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title = "Evaluation of value pricing using a multiclass dynamic network model",

abstract = "To convert HOV (high-occupancy vehicle) lanes to HOT (high-occupancy toll) lanes, it is necessary to evaluate the relevant benefits to drivers, to highway maintenance, to traffic management, and to the whole society under various combinations of tolls, motorists' perception error, and travel demand. This paper assesses the benefit and effect of an HOV/HOT lane project on the I-394 corridor network in the Twin Cities by using an analytical multiclass stochastic dynamic transportation network model with Monte Carlo simulation and the method of successive averages. Specifically, the effects of various toll schemes for HOT lane design and operations are investigated. The results are analyzed, yielding useful insights for the design and evaluation of HOT lanes.",

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AU - Ran, Bin

AU - Choi, Keechoo

AU - Kornhauser, Alain L.

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Evaluation of value pricing using a multiclass dynamic network model

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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