Commuters' valuation of travel time variability

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Abstract

The value given by commuters to the variability of travel times is empirically analysed using stated preference data from Barcelona (Spain). Respondents are asked to choose between alternatives that differ in terms of cost, average travel time, variability of travel times and departure time. Different specifications of a scheduling choice model are used to measure the influence of various socioeconomic characteristics. Our results show that travel time variability is valued on average 2.4 times more than travel time savings. Heterogeneity among commuters in terms of restrictions about the starting work time is shown to have significant effects on the value of travel time variability. © 2008 Elsevier Ltd. All rights reserved.
Original languageEnglish
Pages (from-to)1074-1085
JournalTransportation Research Part E: Logistics and Transportation Review
Volume44
Issue number6
DOIs
Publication statusPublished - 1 Jan 2008

Keywords

  • Commuting
  • Stated preference
  • Travel time variability
  • Value of time

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