Investigating the Value of Time and Value of Reliability for Managed Lanes

The objectives of this project are: (1) quantify the value of time (VOT) and the value of reliability (VOR) indicators that contribute to the willingness to pay, and explore the dataset needed to understand the behavior changes in responding to managed lanes (MLs); (2) examine how the impacts of MLs differ among users and under various circumstances, how to represent user heterogeneity; and (3) ecommend approaches to derive the VOT and VOR for incorporation into the Florida State University Urban Transportation Model (FSUTMS) framework.

    Language

    • English

    Project

    • Status: Active
    • Funding: $150000.00
    • Contract Numbers:

      BDV29 977-12

    • Sponsor Organizations:

      Florida Department of Transportation

      Research Center
      605 Suwannee Street MS-30
      Tallahassee, FL  United States  32399-0450
    • Project Managers:

      Fields, Diana

    • Performing Organizations:

      Florida International University, Miami

      University Park, Room P.C. 539
      Miami, FL  United States  33199-0000
    • Principal Investigators:

      Jin, Xia

    • Start Date: 20140212
    • Expected Completion Date: 0
    • Actual Completion Date: 20150615
    • Source Data: RiP Project 36063

    Subject/Index Terms

    Filing Info

    • Accession Number: 01514340
    • Record Type: Research project
    • Source Agency: Florida Department of Transportation
    • Contract Numbers: BDV29 977-12
    • Files: RiP, STATEDOT
    • Created Date: Feb 13 2014 1:00AM