The economic value of timetable changes

Eric Kroes, Andrew Daly

Research output: Contribution to ConferencePaperAcademic

Abstract

The paper addresses the consumer value of changes in service frequency for timetable-based transport systems such as bus, train, ferry and air transport. Instead of using "average waiting times" we propose a more appropriate model specification of the different impacts of timetable changes for individual travellers. This includes a decision whether to plan the journey or not, and (if planning) when to start the journey as a function of the services available. We also address the issue of how to aggregate the individual values across the travelling population to obtain estimates of total welfare. Because there is significant variation in preferences between individual travellers, logsum-type measures are used to derive expected utilities rather than mean values. We end our paper by illustrating the application of our method for a rail service.

Original languageEnglish
Pages3-17
Number of pages15
DOIs
Publication statusPublished - 1 Jan 2018
Event45th European Transport Conference, ETC 2017 - Barcelona, Spain
Duration: 4 Oct 20176 Oct 2017

Conference

Conference45th European Transport Conference, ETC 2017
CountrySpain
CityBarcelona
Period4/10/176/10/17

Fingerprint

Train ferries
economic value
Rails
Specifications
Planning
Economics
Air
transport system
Values
welfare
air
planning

Keywords

  • mixed traffic operation
  • rail capacity allocation problem
  • rail infrastructure utilisation
  • train timetabling

Cite this

Kroes, E., & Daly, A. (2018). The economic value of timetable changes. 3-17. Paper presented at 45th European Transport Conference, ETC 2017, Barcelona, Spain. https://doi.org/10.1016/j.trpro.2018.09.042
Kroes, Eric ; Daly, Andrew. / The economic value of timetable changes. Paper presented at 45th European Transport Conference, ETC 2017, Barcelona, Spain.15 p.
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Kroes, E & Daly, A 2018, 'The economic value of timetable changes' Paper presented at 45th European Transport Conference, ETC 2017, Barcelona, Spain, 4/10/17 - 6/10/17, pp. 3-17. https://doi.org/10.1016/j.trpro.2018.09.042

The economic value of timetable changes. / Kroes, Eric; Daly, Andrew.

2018. 3-17 Paper presented at 45th European Transport Conference, ETC 2017, Barcelona, Spain.

Research output: Contribution to ConferencePaperAcademic

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Kroes E, Daly A. The economic value of timetable changes. 2018. Paper presented at 45th European Transport Conference, ETC 2017, Barcelona, Spain. https://doi.org/10.1016/j.trpro.2018.09.042