Valuations of travel time variability in scheduling versus mean-variance models

  title={Valuations of travel time variability in scheduling versus mean-variance models},
  author={Maria B{\"o}rjesson and J{\'o}nas El{\'i}asson},
The standard method of estimating the value of travel time variability for use in policy appraisal is to estimate the parameters of a reduced-form utility function, where some measure of travel time variability (such as the standard deviation) is included. A problem with this approach is that the obtained valuation will in general depend on the standardized travel time distribution, and hence cannot be transferred from one context to another. A recently suggested remedy of this problem has been… CONTINUE READING


Publications citing this paper.
Showing 1-10 of 10 extracted citations


Publications referenced by this paper.
Showing 1-10 of 18 references

Congestion Theory and Transport Investment

W. S. Vickrey
facilities. Highway Research Record, • 1969
View 7 Excerpts
Highly Influenced

The value of reliability

M. Fosgerau, A. Karlström
Transportation Research Part B, • 2010
View 12 Excerpts
Highly Influenced

Pricing , metering , and efficiently using urban transportation facilities

W. Vickrey
Highway Research Record • 1973
View 4 Excerpts
Highly Influenced

An agenda for research on reliability

J. Bates
Proceedings of the European Transport Conference • 2009
View 3 Excerpts
Highly Influenced

Value of time by time of day : A stated - preference study

Y.-Y. Tseng, E. T. Verhoef
Transportation Research Part B • 2008
View 4 Excerpts
Highly Influenced

Dead reckoning: demographic determinants of the accuracy of mortality risk perceptions.

Risk analysis : an official publication of the Society for Risk Analysis • 2004

The valuation of reliability for personal travel

J. Conference. Bates, J. Polak, P. Jones, A. Cook
Transportation Research Part E, • 2001

Similar Papers

Loading similar papers…