Temporal Expansion of a Transportation Network---I

Sherwood C. Frey and George L. Nemhauser
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Sherwood C. Frey: Harvard University, Boston, Massachusetts
George L. Nemhauser: Cornell University, Ithaca, New York

Transportation Science, 1972, vol. 6, issue 3, 306-323

Abstract: A model is developed for determining the optimal timing of investment in the capacity of a transportation network for which there is a finite planning horizon. The model is long term and macroscopic in nature and is limited to single-mode transportation systems in which there is a unique path connecting each origin-destination pair. The form of the optimal solution for the special case of a two-link serial network is presented. Conditions, that may be checked in application, are developed that allow the optimal solution to be calculated by solving a sequence of independent, unconstrained optimization problems. If these conditions are met, the necessity for forecasting cost and demand data for the whole planning period is eliminated.

Date: 1972
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ortrsc:v:6:y:1972:i:3:p:306-323

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