Tan, Zhijia; Yang, Hai - In: Transportation Research Part E: Logistics and … 48 (2012) 5, pp. 958-975
A model is presented for analyzing Pareto-efficient build-operate-transfer toll road contracts. The formulation simultaneously allows maximizing social welfare and private profit when road users vary in their value-of-time (VOT). The failure rate and mean residual functions of the VOT...