The manual describes the procedures for (1) developing estimates of the cost of passenger car travel time for highway improvements, briefly referred to as the cost of time; and (2) using the cost of time estimates to derive the marginal cost of time, which may be used as the value of passenger car travel time for economic analyses of projects in a given highway budget. The cost of time is defined as the incremental (additional) transportation cost of a highway improvement per hour of passenger car travel time reduction caused by the improvement. Transportation cost, in turn, is the sum of the following costs: (1) Highway investment cost, (2) The present worth of highway maintenance and operating cost, and (3) The present worth of road user costs.
Manual for Deriving the Marginal Cost of Passenger Car Travel Time
1966
103 pages
Report
No indication
English
The marginal social cost of travel time variability
Online Contents | 2014
|Transportation Research Record | 2003
|Deriving Link Travel-Time Distributions via Stochastic Speed Processes
British Library Online Contents | 2004
|