A general dynamical system model with link-based variables is formulated to characterize the processes of achieving equilibria from a non-equilibrium state in traffic networks. Several desirable properties of the dynamical system model are established, including the equivalence between its...

This paper investigates the Pareto efficiency of the various reliability-based traffic equilibria proposed in the literature and the risk-taking behavior of travelers. Reliability indexes such as the percentile travel time (PTT), travel time budget (TTB), mean excess travel time (METT) and the...

This paper proposes a stochastic dynamic transit assignment model with an explicit seat allocation process. The model is applicable to a general transit network. A seat allocation model is proposed to estimate the probability of a passenger waiting at a station or on-board to get a seat. The...

As highway franchising programs are being introduced worldwide through the so-called build-operate-transfer (BOT) contracts, both the government and the private investor are facing a critical issue of how to make a BOT contract under the uncertainty of future traffic demand using the new...

Private provision of public roads through build-operate-transfer (BOT) contracts is increasing around the world. This paper investigates the properties of Pareto-efficient BOT contracts using a bi-objective programming approach under perfect information. Under certain conventional assumptions,...