Rietveld, P. [Promotor]Verhoef, E.T. [Promotor

Tseng, Y.

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Valuation of Travel Time Reliability in Passenger Transport

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Vrije Universiteit Amsterdam
Yin-Yen Tseng
Valuation of Travel Time
Reliability in Passenger Transport
The unreliability of travel time is regarded as an important factor in
travelers’ decision making concerning their mode choice, route choice,
and departure time choice. Travel time unreliability may generate
considerable generalized costs for a traveler. The main objective of this
thesis is to evaluate the monetary value of travel time reliability in the
context of passenger transport. This thesis starts with an investigation
to explore the variations of existing empirical estimates of the value of
reliability by means of a meta-analysis. Some in-depth interviews were
then conducted to investigate how respondents perceive and interpret
travel time reliability, and to test their understanding of different ways
of presenting reliability in the stated preference studies. The empirical
part of this thesis concerns the empirical estimates of reliability and
schedule delay based on the stated choice experiments, both for road
and rail transport. Finally, the thesis demonstrates how to incorporate
the benefits of reliability improvement into cost-benefit analysis,
which is a useful evaluation guideline for transport investments.  
Yin-Yen Tseng received her BSc and MSc degrees in Civil Engineering at
the National Taiwan University in Taiwan. In 2002, she enrolled in the
MPhil program at the Tinbergen Institute in the Netherlands, and then
became a Ph.D. candidate in October 2003 at the Department of Spatial
Economics of the Vrije Universiteit Amsterdam, doing research in the
fields of Transport Economics. 
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Valuation of travel time reliability in passenger transport

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VU Research PortalValuation of Travel Time Reliability in Passenger TransportTseng, Y.2008Link to publication in VU Research Portalcitation for published version (APA)Tseng, Y. (2008). Valuation of Travel Time Reliability in Passenger Transport.General rightsCopyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright ownersand it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights.            • Users may download and print one copy of any publication from the public portal for the purpose of private study or research.            • You may not further distribute the material or use it for any profit-making activity or commercial gain            • You may freely distribute the URL identifying the publication in the public portal ?Take down policyIf you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediatelyand investigate your claim.E-mail address:vuresearchportal.ub@vu.nlDownload date: 22. May. 2021Research SeriesVrije Universiteit AmsterdamYin-Yen TsengValuation of Travel TimeReliability in Passenger TransportThe unreliability of travel time is regarded as an important factor intravelers’ decision making concerning their mode choice, route choice,and departure time choice. Travel time unreliability may generateconsiderable generalized costs for a traveler. The main objective of thisthesis is to evaluate the monetary value of travel time reliability in thecontext of passenger transport. This thesis starts with an investigationto explore the variations of existing empirical estimates of the value ofreliability by means of a meta-analysis. Some in-depth interviews werethen conducted to investigate how respondents perceive and interprettravel time reliability, and to test their understanding of different waysof presenting reliability in the stated preference studies. The empiricalpart of this thesis concerns the empirical estimates of reliability andschedule delay based on the stated choice experiments, both for roadand rail transport. Finally, the thesis demonstrates how to incorporatethe benefits of reliability improvement into cost-benefit analysis,which is a useful evaluation guideline for transport investments.  Yin-Yen Tseng received her BSc and MSc degrees in Civil Engineering atthe National Taiwan University in Taiwan. In 2002, she enrolled in theMPhil program at the Tinbergen Institute in the Netherlands, and thenbecame a Ph.D. candidate in October 2003 at the Department of SpatialEconomics of the Vrije Universiteit Amsterdam, doing research in thefields of Transport Economics. Valuation of Travel Time Reliability in Passenger TransportYin-Yen Tseng439

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Valuation of travel time reliability in passenger transport

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