Network-Optimized Road Pricing: Part I: A Parable and a Model
- 1 February 1999
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Operations Research
- Vol. 47 (1) , 54-64
- https://doi.org/10.1287/opre.47.1.54
Abstract
Part I of a two-part series, this paper recites a parable and formulates a stochastic optimization model that determines optimal link tolls on a road network whose users' value of time is a random variable. The parable, introducing the problem, demonstrates the importance of the variability of the value of time. The model, cast as a variational inequality, becomes a specialized form of a bicriterion user-equilibrium traffic assignment. Its solution is a set of efficient tolls for all links in the network. These tolls induce an equilibrium traffic flow that is at once system-optimal and user-optimal—for all trips, regardless of their value of time. Part II develops a solution algorithm, gives examples, and provides performance statistics.Keywords
This publication has 14 references indexed in Scilit:
- Bicriterion traffic assignment: Efficient algorithms plus examplesTransportation Research Part B: Methodological, 1997
- Transportation Network Policy Modeling with Goal Targets and Generalized Penalty FunctionsTransportation Science, 1996
- Road pricing and network equilibriumTransportation Research Part B: Methodological, 1995
- Road pricing: An international perspectiveTransportation, 1992
- Dynamic traffic assignment for urban road networksTransportation Research Part B: Methodological, 1991
- Finite-dimensional variational inequality and nonlinear complementarity problems: A survey of theory, algorithms and applicationsMathematical Programming, 1990
- Traffic Equilibrium and Variational InequalitiesTransportation Science, 1980
- A model and algorithm for multicriteria route-mode choiceTransportation Research Part B: Methodological, 1979
- Derivation and analysis of some models for combining trip distribution and assignmentTransportation Research, 1976
- CORRESPONDENCE. SOME THEORETICAL ASPECTS OF ROAD TRAFFIC RESEARCH.Proceedings of the Institution of Civil Engineers, 1952