The estimation of demand for priced highway lanes is becoming increasingly important to agencies seeking to improve mobility and find alternative revenue sources for the provision of transportation infrastructure.
However, many modeling tools fall short of what is required for robust estimates of demand with respect to toll and managed lanes in two key areas:
- The value-of-time is often aggregate and not consistently defined throughout the model system, and
- The reliability of transport infrastructure is rarely taken into account.
This presentation describes an effort which implemented recommendations of the Strategic Highway Research...Read more