Value of travel time estimation for panynj and new jersey turnpike facilities

Ozlem Yanmaz-Tuzel, Kaan Ozbay

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

This paper investigates Value of travel time (VOTT) of commuters traveling on PANYNJ toll facilities in the presence of time-of-day pricing. The methodology proposed to estimate VOTT develops Bayesian random-coefficient multinomial logit models (BRC-MNL) using travel surveys conducted as a part of (3). The proposed approach is a novel way used to examine the commuters' behavior based on more flexible model specifications. Empirical results show that travel time, toll, income, and departure time are statistically significant parameters affecting VOTT of PANYNJ toll facility commuters. Mean VOTT estimates are found to be around 16.5$/hr for E-ZPass peak users, and around 15.15$/hr for E-ZPass off-peak users, with standard deviation estimates close to 6.45 $/hr during peak periods and 5.72 $/hr during off-peak hours. When compared with NJTPK commuters, the estimation results show a similar behavior.

Original languageEnglish (US)
Title of host publication15th World Congress on Intelligent Transport Systems and ITS America Annual Meeting 2008
Pages6979-6990
Number of pages12
StatePublished - 2008
Event15th World Congress on Intelligent Transport Systems and ITS America Annual Meeting 2008 - New York, NY, United States
Duration: Nov 16 2008Nov 20 2008

Publication series

Name15th World Congress on Intelligent Transport Systems and ITS America Annual Meeting 2008
Volume10

Other

Other15th World Congress on Intelligent Transport Systems and ITS America Annual Meeting 2008
CountryUnited States
CityNew York, NY
Period11/16/0811/20/08

ASJC Scopus subject areas

  • Mechanical Engineering
  • Electrical and Electronic Engineering
  • Control and Systems Engineering
  • Transportation
  • Automotive Engineering
  • Computer Networks and Communications
  • Artificial Intelligence
  • Computer Science Applications

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  • Cite this

    Yanmaz-Tuzel, O., & Ozbay, K. (2008). Value of travel time estimation for panynj and new jersey turnpike facilities. In 15th World Congress on Intelligent Transport Systems and ITS America Annual Meeting 2008 (pp. 6979-6990). (15th World Congress on Intelligent Transport Systems and ITS America Annual Meeting 2008; Vol. 10).