Value of Travel Time Reliability: A review of current evidence

Carlos Carrion and David Levinson

No 85, Working Papers from University of Minnesota: Nexus Research Group

Abstract: Travel time reliability is a fundamental factor in travel behavior. It represents the temporal uncertainty experienced by users in their movement between any two nodes in a network. The importance of the time reliability depends on the penalties incurred by the users. In road networks, travelers consider the existence of a trip travel time uncertainty in different choice situations (departure time, route, mode, and others). In this paper, a systematic review of the current state of research in travel time reliability, and more explicitly in the value of travel time reliability is presented. Moreover, a meta-analysis is performed in order to determine the reasons behind the discrepancy among the reliability estimates.

Keywords: variability; reliability; travel time; scheduling. (search for similar items in EconPapers)
JEL-codes: R41 R48 R53 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (3)

Published in Transportation Research part A 46(4) 720–741.

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http://hdl.handle.net/11299/180034 Second version, 2012 (application/pdf)

Related works:
Journal Article: Value of travel time reliability: A review of current evidence (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:nex:wpaper:vorreview

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