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Title:

Valuation of Time in Trip Production

Accession Number:

01128738

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

The value of time (VOT) is one of the most important values in transportation planning. Although the trip-based models are widely used for estimating the VOT, the trip-based travel model can evaluate the VOT for travelers only. This paper formulates the individual's choice of whether to travel or not with an activity-based modeling approach. The author will develop a discrete choice model and a discrete-continuous model in the context of individual time and expenditure allocation to two types of activities, an out-of-home leisure and an in-home leisure. The author estimates the values of leisure time by applying the models to the data set collected in the cities of Tokyo, Japan. The results show that the discrete-continuous model outputs more reasonable estimation of values of leisure time than the discrete choice model. They also indicate that the value of out-of-home leisure time is higher than the value of in-home leisure time.

Monograph Accession #:

01120148

Report/Paper Numbers:

09-1814

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Kato, Hironori

Pagination:

8p

Publication Date:

2009

Conference:

Transportation Research Board 88th Annual Meeting

Location: Washington DC, United States
Date: 2009-1-11 to 2009-1-15
Sponsors: Transportation Research Board

Media Type:

DVD

Features:

References (24) ; Tables (3)

Subject Areas:

Highways; Planning and Forecasting; Public Transportation; I72: Traffic and Transport Planning

Source Data:

Transportation Research Board Annual Meeting 2009 Paper #09-1814

Files:

TRIS, TRB

Created Date:

Jan 30 2009 6:04PM