VALUES OF TIME SAVINGS OF COMMERCIAL VEHICLES

Abstract

VARIOUS METHODS ARE REVIEWED AND ANALYZED THAT HAVE BEEN PROPOSED FOR EVALUATING TIME SAVINGS THAT ACCRUE TO HIGHWAY VEHICLES. A COST SAVINGS APPROACH WAS DEVELOPED TO THE DETERMINATION OF VALUES OF TIME SAVINGS AND IS APPLIED TO A COMPOSITE CARGO VEHICLE, A COMPOSITE INTERCITY BUS, AND A NUMBER OF CARGO VEHICLE TYPES. THE METHODS USED TO ESTIMATE THE VALUE OF TIME SAVINGS ARE' /1/ REVENUE /NET OPERATING PROFIT/ METHOD, /2/ COST SAVINGS METHOD, /3/ COST-OF-TIME METHOD, /4/ WILLINGNESS-TO-PAY METHOD. THE REVENUE METHOD AND THE COST SAVINGS METHOD WERE STUDIED. A TABLE IS PRESENTED OF TIME SAVINGS PER HOUR FOR COMPOSITE VEHICLES BY ICC REGIONS.

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