Work

Valuing travel time and reliability from emerging connected vehicle data

Year: 2025

Type: article

Abstract: The value of travel time and reliability are significant economic parameters in canonical transport Cost–Benefit Analysis. Our study employs connected vehicle data paired with Sydney, Australia’s, extensive toll road network to introduce a novel approach to valuing these metrics. Toll uptake makes the time–money trade-off explicit: travellers pay to avoid congestion. While toll choices have long been used to infer time valuation, a network-wide approach incorporating passive revealed preferences has not yet been explored. We design choice sets using methods termed route ‘observation’ and ‘generation’, and estimate time and reliability valuations using mixed-path size logit. Our findings align closely with official estimates used in project appraisal, and set the stage for panel revealed preference studies as connected vehicles occupy more of the vehicle fleet.

Source: Economics of Transportation

DOI: 10.1016/j.ecotra.2025.100427

Authors: Isaac Mann, David M. Levinson

Language: English

Topic: Transportation Planning and Optimization

Subfield: Transportation

Field: Social Sciences

Domain: Social Sciences

SDGs: Sustainable cities and communities, Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $2,400

Funder: Business School, University of New South Wales