Fosgerau, Mogens and Fukuda, Daisuke (2010): Valuing travel time variability: Characteristics of the travel time distribution on an urban road.
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Abstract
Fosgerau and Karlstrom [The value of reliability. Transportation Research Part B, Vol. 43 (8–9), pp. 813–820, 2010] presented a derivation of the value of travel time variability (VTTV) with a number of desirable properties. This definition of the VTTV depends on certain properties of the distribution of random travel times that require empirical verification. This paper therefore provides a detailed empirical investigation of the distribution of travel times on an urban road. Applying a range of nonparametric statistical techniques to data giving minutebyminute travel times for a congested urban road over a period of five months, we show that the standardized travel time is roughly independent of the time of day as required by the theory. Except for the extreme right tail, a stable distribution seems to fit the data well. The travel time distributions on consecutive links seem to share a common stability parameter such that the travel time distribution for a sequence of links is also a stable distribution. The parameters of the travel time distribution for a sequence of links can then be derived analytically from the link level distributions.
Item Type:  MPRA Paper 

Original Title:  Valuing travel time variability: Characteristics of the travel time distribution on an urban road 
Language:  English 
Keywords:  value of travel time variability; travel time distribution; nonparametrics; stable distributions; 
Subjects:  R  Urban, Rural, Regional, Real Estate, and Transportation Economics > R4  Transportation Economics > R41  Transportation: Demand, Supply, and Congestion ; Travel Time ; Safety and Accidents ; Transportation Noise 
Item ID:  24330 
Depositing User:  Mogens Fosgerau 
Date Deposited:  11 Aug 2010 01:04 
Last Modified:  24 Apr 2016 09:07 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/24330 
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