Valuing travel time variability: Characteristics of the travel time distribution on an urban road
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This paper provides a detailed empirical investigation of the distribution of travel times on an urban road for valuation of travel time variability. Our investigation is premised on the use of a theoretical model with a number of desirable properties. The definition of the value of travel time variability depends on certain properties of the distribution of random travel times that require empirical verification. Applying a range of nonparametric statistical techniques to data giving minute-by-minute 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.
Originalsprog | Engelsk |
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Tidsskrift | Transportation Research Part C: Emerging Technologies |
Vol/bind | 24 |
Sider (fra-til) | 83-101 |
Antal sider | 19 |
ISSN | 0968-090X |
DOI | |
Status | Udgivet - okt. 2012 |
ID: 181872218