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Title:

Fine-Tuning Pricing Algorithms for High-Occupancy/Toll (HOT) Lanes

Accession Number:

01477115

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

Pricing algorithms play a significant role in managing high-occupancy/toll (HOT) facilities. Many studies have been conducted to determine pricing strategies for HOT facilities, but many of them consider idealized and hypothetical situations to derive solutions, while others require too many resources to be applied in practice. On the other hand, the methods implemented in the field are heuristic in nature, and involve many parameters to be configured by the tolling agencies. Using the tolling algorithm currently implemented on the 95 Express in South Florida as an example, this paper presents an optimization procedure to fine-tune the configuration of tolling algorithms for HOT lanes.

Supplemental Notes:

This paper was sponsored by TRB committee AHB35 Managed Lanes.

Monograph Accession #:

01470560

Report/Paper Numbers:

13-3992

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Michalaka, Dimitra
Lu, Jie
Yin, Yafeng

Pagination:

20p

Publication Date:

2013

Conference:

Transportation Research Board 92nd Annual Meeting

Location: Washington DC, United States
Date: 2013-1-13 to 2013-1-17
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Identifier Terms:

95 Express

Geographic Terms:

South Florida

Subject Areas:

Highways; Operations and Traffic Management; I73: Traffic Control

Source Data:

Transportation Research Board Annual Meeting 2013 Paper #13-3992

Files:

TRIS, TRB, ATRI

Created Date:

Feb 5 2013 12:46PM