01154709

Component

https://doi.org/10.3141/2187-12

http://scholar.google.com...eras&publication_year=2010

This paper investigates the value of travel time (VOTT) of commuters traveling on toll facilities of the Port Authority of New York and New Jersey (PANYNJ) and the New Jersey Turnpike (NJTPK) in a time-of-day pricing system. The methodology proposed to estimate VOTT develops hierarchical Bayesian mixed logit models using travel surveys conducted as part of evaluation studies of PANYNJ and NJTPK facilities. The proposed approach is a novel method for examining commuters’ behavior on the basis of flexible model specifications. Empirical results show that travel time, toll, income, and departure time are statistically significant parameters affecting VOTT of commuters on PANYNJ toll facilities. Mean VOTT estimates are found to be about $16.5/h for PANYNJ E-ZPass peak users and about $15.15/h for PANYNJ E-ZPass off-peak users, with standard deviation estimates close to $6.45/h during peak periods and $5.72/h during off-peak hours. Similarly, mean VOTT estimates are found to be around $16.3/h for NJTPK E-ZPass peak users and about $14.79/h for NJTPK E-ZPass off-peak users, with standard deviation estimates close to $5.48/h during peak periods and $4.56/h during off-peak hours.

01329024

10-2820

English

pp 85-96

2010

Transportation Research Record: Journal of the Transportation Research Board

9780309160605

Print

Figures (4) ; References (40) ; Tables (5)

Commuters; Departure time; Income; Off peak periods; Peak periods; Toll facilities; Toll roads; Tolls; Transportation policy; Travel behavior; Travel surveys; Travel time; Value of time

E-ZPass; New Jersey Turnpike; Port Authority of New York and New Jersey

Hierarchical Bayes methods; Mixed logit models

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

TRIS, TRB, ATRI

Jan 25 2010 11:23AM

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