A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Value of Dynamic Revenue-Maximizing Congestion Pricing in a Highly Congested Corridor
This paper examines the value of utilizing dynamic, revenue-maximizing, congestion pricing on a privately operated tolled route, when the only alternative is a highly congested, public, free-access route. Three methods are specified by which revenue can be maximized—through the selection of a fixed percent of users to set the toll price for, through the selection of a fixed level of service on the toll road, and through the use of a nonlinear optimization model. These methods are tested on a case study involving a highly congested corridor. In simulation, the corridor’s flow rates are observed following the posting of a toll, the toll is updated, and the new flow observed until a subsequent round of revenue maximizing is applied to the new conditions. It was concluded that in a highly congested corridor a dynamic, revenue-maximizing toll can finance the construction of new capacity without degrading social welfare.
Value of Dynamic Revenue-Maximizing Congestion Pricing in a Highly Congested Corridor
This paper examines the value of utilizing dynamic, revenue-maximizing, congestion pricing on a privately operated tolled route, when the only alternative is a highly congested, public, free-access route. Three methods are specified by which revenue can be maximized—through the selection of a fixed percent of users to set the toll price for, through the selection of a fixed level of service on the toll road, and through the use of a nonlinear optimization model. These methods are tested on a case study involving a highly congested corridor. In simulation, the corridor’s flow rates are observed following the posting of a toll, the toll is updated, and the new flow observed until a subsequent round of revenue maximizing is applied to the new conditions. It was concluded that in a highly congested corridor a dynamic, revenue-maximizing toll can finance the construction of new capacity without degrading social welfare.
Value of Dynamic Revenue-Maximizing Congestion Pricing in a Highly Congested Corridor
El Khoury, John (author) / Srour, F. Jordan (author)
2015-08-13
Article (Journal)
Electronic Resource
Unknown
Value of Dynamic Revenue-Maximizing Congestion Pricing in a Highly Congested Corridor
| Online Contents | 2015
Value of Dynamic Revenue-Maximizing Congestion Pricing in a Highly Congested Corridor
| Online Contents | 2015
Congestion pricing and distribution of toll revenue
| British Library Online Contents | 1996
Congestion Pricing Revenue Redistribution Strategy Based on Traffic Behavior
| British Library Conference Proceedings | 2009
Traffic Behaviors Simulation under Congestion Pricing Revenue Redistribution Strategy
| British Library Conference Proceedings | 2013