2010
DOI: 10.1016/j.trc.2009.09.006
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Congestion pricing under operational, supply-side uncertainty

Abstract: This paper is concerned with finding first-best tolls in static transportation networks with day-to-day variation in network capacity, as accounted for by changes in the volume-delay function. The key question in addressing this problem is that of information, namely, which agents have access to what information when making decisions. In this work, travelers are assumed to be either fully informed about network conditions before embarking on travel, or having no information except the probability distributions… Show more

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Cited by 31 publications
(21 citation statements)
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“…To do so, two categories of capacity constraintsphysical and environmental (emissions)-are introduced (Ferrari 1997; Yang and Bell 1997;Chen, Zhou, and Ryu 2011). A2 The travel demand between each origin-destination (OD) pair is a random variable with a known probability distribution that can be discretized as a finite set of demand scenarios or realizations (Gardner et al 2008;Yin et al 2009;Boyles, Kockelman, and Waller 2010). The objective of the road toll design model developed in this study is to minimize the linear bi-criteria combination of the expected value of the total system travel disutility (i.e., total user travel time plus total emissions) and its semi-deviation risk measure over all demand scenarios.…”
Section: Assumptionsmentioning
confidence: 99%
“…To do so, two categories of capacity constraintsphysical and environmental (emissions)-are introduced (Ferrari 1997; Yang and Bell 1997;Chen, Zhou, and Ryu 2011). A2 The travel demand between each origin-destination (OD) pair is a random variable with a known probability distribution that can be discretized as a finite set of demand scenarios or realizations (Gardner et al 2008;Yin et al 2009;Boyles, Kockelman, and Waller 2010). The objective of the road toll design model developed in this study is to minimize the linear bi-criteria combination of the expected value of the total system travel disutility (i.e., total user travel time plus total emissions) and its semi-deviation risk measure over all demand scenarios.…”
Section: Assumptionsmentioning
confidence: 99%
“…These early works required a number of strong assumptions that later research has relaxed: more sophisticated pricing models can address reliability and uncertainty [5], [6], variations in value of time across the population [7], [8], real-time travel information [9], [10], and adaptive, dynamic pricing [11], [12]. The work presented here is distinctive in its focus on applying market forces at intersections, rather than roadway segments.…”
Section: Related Workmentioning
confidence: 99%
“…A2 The future urban population is assumed to be a random variable with a given continuous probability distribution, which can be approximately discretised as a finite set of population scenarios (see, e.g. Yin et al 2009, Boyles et al 2010, Li et al 2012b. A3 Each household is assumed to have one worker who makes one commuting journey per day.…”
Section: Basic Assumptions and Notations 21 Assumptionsmentioning
confidence: 99%