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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/23067

Title: Modelling value of time for trip chains in daily schedules
Authors: Usman, Muhammad
Knapen, Luk
Yasar, Ansar-Ul-Haque
Bellemans, Tom
Janssens, Davy
Wets, Geert
Issue Date: 2016
Publisher: ELSEVIER SCIENCE BV
Citation: Shakshuki, Elhadi (Ed.). 7TH INTERNATIONAL CONFERENCE ON AMBIENT SYSTEMS, NETWORKS AND TECHNOLOGIES (ANT 2016) / THE 6TH INTERNATIONAL CONFERENCE ON SUSTAINABLE ENERGY INFORMATION TECHNOLOGY (SEIT-2016) / AFFILIATED WORKSHOPS, ELSEVIER SCIENCE BV,p. 615-620
Series/Report: Procedia Computer Science
Series/Report no.: 83
Abstract: The decision about spending time on an activity, switching to the next activity and transport mode used to travel to the next activity location depends on money value of time; opportunity cost of time at activity. Optimal condition of transition between two activities occurs when their marginal utility of time is equal. The presented framework in this paper models the marginal utility of activity to express the money benefit earned by spending each unit of time at the given activity. The proposed model is generalized for the schedule with any number of activities as contrast to previous studies, where such models were used for schedules with fixed number of activities. This framework can be used to calculate the loss in value of time due decreased activity participation resulting from travel delays.
Notes: [Usman, Muhammad; Knapen, Luk; Yasar, Ansar-Ul-Haque; Bellemans, Tom; Janssens, Davy; Wets, Geert] Univ Hasselt, Transportat Res Inst IMOB, Diepenbeek, Belgium.
URI: http://hdl.handle.net/1942/23067
DOI: 10.1016/j.procs.2016.04.139
ISI #: 000387655000077
ISSN: 1877-0509
Category: C1
Type: Proceedings Paper
Validation: ecoom, 2017
Appears in Collections: Research publications

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