Waiting time and the role and value of information in scheduled transport

Odd I. Larsen and Uwe Sunde

Research in Transportation Economics, 2008, vol. 23, issue 1, 41-52

Abstract: A new logit-based model for assigning public transit passengers to transit lines or routes is proposed. The model is based on the realistic assumption that once passengers arrive at stops, they can obtain information regarding the specific departure times. Furthermore, it takes into account that passengers are heterogeneous and hence, the choice made by a [`]representative' passenger appears to be stochastic. The model is evaluated by means of simulations.

Keywords: Transit; Assignment; Logit; Information (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0739-8859(08)00042-5
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:23:y:2008:i:1:p:41-52

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_2&version=01

Access Statistics for this article

Research in Transportation Economics is currently edited by M. Dresner

More articles in Research in Transportation Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().