Impacts of bounded rationality on trip cost in a two-route traffic network

Hui Ou, Tie-Qiao Tang and Jian Zhang

Physica A: Statistical Mechanics and its Applications, 2020, vol. 540, issue C

Abstract: The driver’s bounded rationality (BR) widely exists and has significant impacts on traffic system, but little effort has been made to explore the impacts of BR on each vehicle’s trip cost in a two-route traffic network. In this paper, we incorporate BR into the mean velocity feedback strategy (MVFS) and the number of vehicles feedback strategy (NVFS) to study each vehicle’s trip cost in a two-route traffic network. The numerical results indicate that BR has some effects on each vehicle’s trip cost and that the effects are related to the initial time headway at the origin. The results can help us to better understand the impacts of BR on each vehicle’s route choice behavior in a traffic network.

Keywords: Bounded rationality; Trip cost; Two-route traffic network; Car-following model (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:540:y:2020:i:c:s0378437119317248

DOI: 10.1016/j.physa.2019.123051

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