@article{ART001912878},
author={Kim Seoljoo and Jung Changyong and Shon Eui-Young and 김재영 and Ko Chunsoo},
title={Estimating the Value of Travel Time for Toll Road Demand Forecast},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2014},
volume={82},
pages={37-47},
doi={10.15793/kspr.2014.82..003}
TY - JOUR
AU - Kim Seoljoo
AU - Jung Changyong
AU - Shon Eui-Young
AU - 김재영
AU - Ko Chunsoo
TI - Estimating the Value of Travel Time for Toll Road Demand Forecast
JO - The Korea Spatial Planning Review
PY - 2014
VL - 82
IS - null
PB - 국토연구원
SP - 37
EP - 47
SN - 1229-8638
AB - 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.
KW - Value of Travel Time;Toll Roads;SP Survey;Income Level;Purpose of Travel
DO - 10.15793/kspr.2014.82..003
ER -
Kim Seoljoo, Jung Changyong, Shon Eui-Young, 김재영 and Ko Chunsoo. (2014). Estimating the Value of Travel Time for Toll Road Demand Forecast. The Korea Spatial Planning Review, 82, 37-47.
Kim Seoljoo, Jung Changyong, Shon Eui-Young, 김재영 and Ko Chunsoo. 2014, "Estimating the Value of Travel Time for Toll Road Demand Forecast", The Korea Spatial Planning Review, vol.82, pp.37-47. Available from: doi:10.15793/kspr.2014.82..003
Kim Seoljoo, Jung Changyong, Shon Eui-Young, 김재영, Ko Chunsoo "Estimating the Value of Travel Time for Toll Road Demand Forecast" The Korea Spatial Planning Review 82 pp.37-47 (2014) : 37.
Kim Seoljoo, Jung Changyong, Shon Eui-Young, 김재영, Ko Chunsoo. Estimating the Value of Travel Time for Toll Road Demand Forecast. 2014; 82 37-47. Available from: doi:10.15793/kspr.2014.82..003
Kim Seoljoo, Jung Changyong, Shon Eui-Young, 김재영 and Ko Chunsoo. "Estimating the Value of Travel Time for Toll Road Demand Forecast" The Korea Spatial Planning Review 82(2014) : 37-47.doi: 10.15793/kspr.2014.82..003
Kim Seoljoo; Jung Changyong; Shon Eui-Young; 김재영; Ko Chunsoo. Estimating the Value of Travel Time for Toll Road Demand Forecast. The Korea Spatial Planning Review, 82, 37-47. doi: 10.15793/kspr.2014.82..003
Kim Seoljoo; Jung Changyong; Shon Eui-Young; 김재영; Ko Chunsoo. Estimating the Value of Travel Time for Toll Road Demand Forecast. The Korea Spatial Planning Review. 2014; 82 37-47. doi: 10.15793/kspr.2014.82..003
Kim Seoljoo, Jung Changyong, Shon Eui-Young, 김재영, Ko Chunsoo. Estimating the Value of Travel Time for Toll Road Demand Forecast. 2014; 82 37-47. Available from: doi:10.15793/kspr.2014.82..003
Kim Seoljoo, Jung Changyong, Shon Eui-Young, 김재영 and Ko Chunsoo. "Estimating the Value of Travel Time for Toll Road Demand Forecast" The Korea Spatial Planning Review 82(2014) : 37-47.doi: 10.15793/kspr.2014.82..003
