Valuation of Travel Time Savings in Viewpoint of WTA. (4th November 2014)

• Record Type: Journal Article
• Authors: Shao, Chang-qiao; Liu, Yang; Liu, Xiao-ming
• Other Names: Jiang Xiaobei Academic Editor.
• Is Part Of: Computational intelligence and neuroscience. Volume 2014(2014)
• Publication Date: 2014-11-04
• Subjects: Neurosciences -- Data processing -- Periodicals; Computational intelligence -- Periodicals; Computational neuroscience -- Periodicals; 612.80285
• DOI: 10.1155/2014/305285
• Languages: English
• ISSNs: 1687-5265

Abstract

Abstract : In order to investigate the issues in measurement of value of travel time savings (VTTS), the willingness-to-accept (WTA) for the private car owner is studied by using surveyed data. It is convincing that trip purpose, trip length, time savings, cost savings, income, and allowance from employee have effects on the WTA. Moreover, influences of these variables are not the same for different trip purposes. For commuting trips, effects of income and allowance from employee are significant while time savings and cost savings are dominated for leisure and shopping trips. It is also found that WTA is much higher than expected which implies that there are a group of drivers who are not prone to switching to other trip modes other than passenger car.