| Title | Network-optimized congestion pricing : a parable, model and algorithm |
|---|---|
| Record ID | 47174 |
| Personal Name Creator |
Dial, Robert B. |
| Source | 36p. in various pagings |
| Corporate Creator | John A. Volpe National Transportation Systems Center (U.S.) |
| Corporate Contributor |
United States. Department of Transportation. Federal Transit Administration; United States. Federal Highway Administration; United States. Department of Transportation. Office of the Secretary; United States. Environmental Protection Agency |
| Publisher | United States. Department of Transportation. Federal Transit Administration; United States. Federal Highway Administration; United States. Dept. of Transportation. Office of the Secretary; United States. Environmental Protection Agency |
| Publication Date | 19950531 |
| Language | English |
| Abstract | This paper recites a parable, formulates a model and devises an algorithm for optimizing tolls on a road network. Such tolls induce an equilibrium traffic flow that is at once system-optimal and user-optimal. The parable introduces the network-wide congestion pricing problem, intending to emphasize the significance of the variability of users' value of time and the importance of not restricting tolls to certain links a priori. The model permits the marginal value of time to be a random variable having a different distribution for each origin-destination pair. The algorithm provides what transportation planners have never had: the ability to determine the best toll for each link in the network. It can solve networks with thousands of nodes in reasonable time on a 486-class PC. |
| Rosap ID | dot:9769 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/9769 |
| TRT Terms | Congestion pricing; Algorithms; Tolls; Travelers; Networks; Optimization; Origin and destination; Stochastic processes |
| General Subjects | Traffic; Congestion; Tolls |
| Classification | NTL - ECONOMICS AND FINANCE - ECONOMICS AND FINANCE; NTL - PLANNING AND POLICY - Technology Transfer; NTL - PLANNING AND POLICY - PLANNING AND POLICY |
| Geographical Coverage |
United States |
| Report Number | DOT-T-95-20 |
| Availability | Volpe National Transportation Systems Center, Technical Reference Center |
| Resource type | Tech Report |
| URL | https://ntlrepository.blob.core.windows.net/lib/47000/47100/47174/DOT-T-95-20.pdf |
| Format | |
| Database | NTL Digital Repository |