Estimating the Value of Travel Time for Toll Road Demand Forecast

Kim Seoljoo; Jung Changyong; Shon Eui-Young; 김재영; Ko Chunsoo

doi:10.15793/kspr.2014.82..003

KJC Korea
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The Korea Spatial Planning Review 2022 KCI Impact Factor : 1.06

Korean | English

pISSN : 1229-8638

http://journal.kci.go.kr/krihs

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Estimating the Value of Travel Time for Toll Road Demand Forecast

The Korea Spatial Planning Review
2014, 82(), pp.37-47
DOI : 10.15793/kspr.2014.82..003

Publisher : 국토연구원
Research Area :

Kim Seoljoo ¹, Jung Changyong ², Shon Eui-Young ¹, 김재영 ³, Ko Chunsoo ¹

¹서울시립대학교
²서울시립대학교 교통공학과
³한국개발연구원

ABSTRACT
열림/닫힘 버튼

In analyzing the travel demand in toll road, it is necessary to convert toll to travel time using the value of travel time, in which the value of time is calculated by Marginal Wage Rate Rule. The value of travel time by Marginal Wage Rate, however, could not completely reflect one’s willingness to pay and could be varied by travel distance, travel purpose and income level. The analysis using identical values can be generated a bias in demand forecasting of toll road. This study estimates the value of travel time by travel distance, travel purpose and income level to improve reliability of demand forecast using Stated Preference data in Umyun Mt. Toll Tunnel. Moreover, it is concluded the value of time in toll road is relatively lower than existing value of time because the existing value of time includes indirect cost of 30% in addition to wage.
KEYWORDS
열림/닫힘 버튼

Value of Travel Time, Toll Roads, SP Survey, Income Level, Purpose of Travel

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REFERENCES (9)
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* 2022년 이후 발행 논문의 참고문헌은 현재 구축 중입니다.

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