VALUE OF TIME SAVED BY TRIP PURPOSE WITH DISCUSSION AND CLOSURE

Thomas C Thomas · Gordon I Thompson

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Transportation Planning and Optimization Transportation Systems and Logistics Economic and Environmental Valuation

Abstract

A MODEL WAS USED TO DETERMINE VALUES OF TRAVEL-TIME SAVINGS FOR PERSONAL BUSINESS TRIPS, SOCIAL-RECREATIONAL TRIPS, VACATION TRIPS, SCHOOL TRIPS, AND WORK TRIPS. SEVERAL ROUTE AND MOTORIST CHARACTERISTIC VARIABLES WERE STUDIED TO DETERMINE THOSE THAT HAVE AN EFFECT ON THE VALUATION OF TRAVEL-TIME SAVINGS BY MOTORISTS. TIME SAVED AND INCOME WERE FOUND TO BE THE MOST IMPORTANT VARIABLES. THE BENEFITS OF TRAVEL-TIME SAVINGS ARE ALSO SHOWN TO DIFFER SIGNIFICANTLY ACCORDING TO TRIP PURPOSE. THE DATA BASE CONSISTED OF MORE THAN 4,100 USABLE RESPONSES COLLECTED IN 9 DIFFERENT STATES FROM MOTORISTS WHO HAS A CHOICE BETWEEN A TOOL ROUTE AND A FREE ROUTE. TABLES ARE INCLUDED FOR ESTIMATING THE DOLLAR VALUES OF TRAVEL-TIME SAVINGS AS A FUNCTION OF BOTH THE MOTORIST'S INCOME LEVEL AND THE AMOUNT OF TIME SAVED FOR EACH OF THE 5 TRIP PURPOSES. IN ADDITION, PERCENTAGE OF TOLL ROUTE USERS IS SHOWN AS A FUNCTION OF THE TIME-SAVED AND INCOME VARIABLES. /AUTHOR/

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