Showing 1 - 5 of 5
We present an approach to systematically analysing the vulnerability of road networks under disruptions covering extended areas. Since various kinds of events including floods, heavy snowfall, storms and wildfires can cause such spatially spread degradations, the analysis method is an important...
Persistent link: https://www.econbiz.de/10011043514
The reliability and vulnerability of critical infrastructures have attracted a lot of attention recently. In order to assess these issues quantitatively, operational measures are needed. Such measures can also be used as guidance to road administrations in their prioritisation of maintenance and...
Persistent link: https://www.econbiz.de/10005143917
Transport infrastructure is long-term and in appraisal it is necessary to value travel time savings for future years. This requires knowing how the value of time (VTT) will develop over time as incomes grow. This paper investigates if the cross-sectional income elasticity of the VTT is equal to...
Persistent link: https://www.econbiz.de/10011043451
Recent methodological advances in discrete choice analysis in combination with certain stated choice experiments have allowed researchers to check empirically the identification of the distribution of latent variables such as the value of travel time (VTT). Lack of identification is likely to be...
Persistent link: https://www.econbiz.de/10011043453
Using a range of nonparametric methods, the paper examines the specification of a model to evaluate the willingness-to-pay (WTP) for travel time changes from binomial choice data from a simple time-cost trading experiment. The analysis favours a model with random WTP as the only source of...
Persistent link: https://www.econbiz.de/10005236016