Travel time reliability with boundedly rational travelers

Chao Ming Sun · Lin Cheng · Jie Ma

20 citations0/0 files storedTransportmetrica A Transport Science

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Abstract

This paper presents a definition of boundedly rational confidence level (BRCL) which is the probability that a trip arrives within the shortest travel time budget plus the acceptable travel time difference (i.e. boundedly rational threshold). Using the method of data fitting, boundedly rational threshold is estimated. Then, a reliability-based boundedly rational user equilibrium (R-BRUE) model that explicitly considers both travel time reliability and travelers’ bounded rationality in the route choice decision process is proposed. This new model hypothesizes that for each origin–destination (O–D) pair no traveler can improve his/her BRCL by unilaterally changing routes. A route-based quasi-method of a successive average algorithm is developed to solve the R-BRUE model. Numerical examples illustrate the essential ideas of the proposed model and the applicability of the proposed solution algorithm.

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References

1986Urban transportation networks: Equilibrium analysis with mathematical programming methods 2005Degradable transport network: Travel time budget of travelers with heterogeneous risk aversion 1984An Efficient Method for Computing Traffic Equilibria in Networks with Asymmetric Transportation Costs 1987On Boundedly Rational User Equilibrium in Transportation Systems 1999Dynamics of commuting decision behaviour under advanced traveller information systems 2009The α-reliable mean-excess traffic equilibrium model with stochastic travel times 2002Risk-averse user equilibrium traffic assignment: an application of game theory 2010A decision-making rule for modeling travelers’ route choice behavior based on cumulative prospect theory

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