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Commuter Arrival Time Value Function in Urban Rail Transit

Cheng, Y; Ye, X; Wang, Z; (2018) Commuter Arrival Time Value Function in Urban Rail Transit. In: Proceedings of the Transportation Research Board 97th Annual Meeting. National Academy of Sciences Green open access

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Abstract

The passenger distribution of urban mass transit network is influenced by two kinds of choice, route choice and departure time choice. However, the latter choice has been ignored for a long time. For commuters with specified destination arrival time, the departure time choice is actually a trade-off between the perceived crowdedness and arrival time value. To obtain a better understanding of the influencing factors and mechanism of commuter arrival time value, the paper tries to introduce the value function of prospect theory. Several reference point alternatives are discussed and parameters are estimated with the empirical data from Shanghai, China. Results show that commuters show asymmetrical response to gains and losses, being more sensitive to the latter one, which is consistent with prospect theory. The time when a commuter starts to consider departing later and work/school start time are two reference points of arrival time value function in urban mass transit, and commuters are reluctant to switch their departure time even when they arrive at reference points. The optimal simplified value function fits the data well and hits as much as 86.45% of the sample

Type: Proceedings paper
Title: Commuter Arrival Time Value Function in Urban Rail Transit
Event: Transportation Research Board 97th Annual Meeting
Location: Washington (DC), United States
Dates: 7th-11th January 2018
Open access status: An open access version is available from UCL Discovery
Publisher version: https://trid.trb.org/view/1495276
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Urban Rail Transit, Departure Time Choice, Arrival Time Value, Prospect Theory, Value Function, Reference Point
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng
URI: https://discovery.ucl.ac.uk/id/eprint/10064497
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