Model Representation & Decision-Making in an Ever-Changing World: The Role of Stochastic Process Models of Transportation Systems

David Watling () and Giulio Cantarella ()

Networks and Spatial Economics, 2015, vol. 15, issue 3, 843-882

Abstract: We review and advance the state-of-the-art in the modelling of transportation systems as a stochastic process. The conceptual and theoretical basis of the approach is explained in detail. A variety of examples are given to motivate its use in the field. While the examples cover a wide range of modelling philosophies, in order to provide focus they are restricted to modelling a special class of problems involving driver route choice in networks. Our overall objective is to establish the applicability of this approach as a ‘unifying framework’ for modelling approaches involving dynamic and stochastic elements, developing further the ideas put forward in Cantarella & Cascetta (Transportation Science 29, 305–329, 1995 ). Directions for further development and research are identified. Copyright Springer Science+Business Media New York 2015

Keywords: Stochastic process; Day-to-day dynamic; Traffic assignment (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (16)

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DOI: 10.1007/s11067-013-9198-2

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