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Title:

Robust Pricing of Transportation Networks Under Uncertain Demand

Accession Number:

01099561

Record Type:

Component

Availability:

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Washington, DC 20001 United States
Order URL: http://www.trb.org/Main/Public/Blurbs/160709.aspx

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Order URL: http://worldcat.org/isbn/9780309125963

Abstract:

Traditionally, tolls on transportation networks are determined on the basis of a single value of travel demand, deterministic elastic demand relationships, or informal scenario analysis. However, since the demand on the network cannot be forecast perfectly, pricing may prove to be suboptimal when the realized value of demand deviates significantly from the planned value. Therefore, there is a need for a robust pricing scheme that accounts for demand uncertainty. Optimal pricing is examined through marginal costs in which origin–destination travel demand is a random variable to understand better the direct impact and sensitivity of the uncertainty. Three methods are evaluated for determining robust prices: inflation or deflation of the planning demand, averaging tolls from various planning demands, and genetic algorithms. The performance of these three methods is evaluated by analyzing user equilibrium for various future travel demand scenarios. From the results of the analysis, a more robust pricing scheme that accounts for variations in demand is developed.

Monograph Title:

Network Modeling 2008

Monograph Accession #:

01120896

Language:

English

Authors:

Gardner, Lauren M
Unnikrishnan, Avinash
Waller, S Travis

Pagination:

pp 21-30

Publication Date:

2008

Serial:

Transportation Research Record: Journal of the Transportation Research Board

Issue Number: 2085
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

9780309125963

Media Type:

Print

Features:

Figures (5) ; References (28) ; Tables (2)

Uncontrolled Terms:

Subject Areas:

Finance; Highways; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning

Files:

TRIS, TRB, ATRI

Created Date:

Jan 29 2008 5:07PM

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