EconPapers    
Economics at your fingertips  
 

Valuation of travel time reliability in freight transportation: A review and meta-analysis of stated preference studies

Kollol Shams, Hamidreza Asgari and Xia Jin

Transportation Research Part A: Policy and Practice, 2017, vol. 102, issue C, 228-243

Abstract: In an effort to advance the understanding of value of reliability (VOR) in freight transportation, this paper provides a comprehensive review of existing studies. This study focused on reliability measures adopted by various studies, the theoretical and mathematical foundation of modeling the valuation of reliability, and the contributing factors that influence the values. Since nearly all the studies in VOR analysis employed stated preference (SP) surveys and the survey design directly affects the study elements and modeling approaches, this synthesis pays close attention to the various survey design components. Through a comparative analysis among existing studies, this paper aims to shed some lights on the potential factors that contribute to the variations in VOR estimation. The results indicated that the estimated VOR values varied largely from one study to another; probably due to the use of different units, reliability measures and survey design approaches. This review showed the complexity and challenges faced when studying freight users’ VOR. Insufficient data has also been cited as a major obstacle to advances in the understanding of how the freight industry values travel time reliability. Furthermore, the large variations in the VOR values indicate the need for further research efforts in this area.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0965856416301896
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:transa:v:102:y:2017:i:c:p:228-243

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tra.2016.08.001

Access Statistics for this article

Transportation Research Part A: Policy and Practice is currently edited by John (J.M.) Rose

More articles in Transportation Research Part A: Policy and Practice from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-05-02
Handle: RePEc:eee:transa:v:102:y:2017:i:c:p:228-243