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Efficient traffic management schemes can lead to increased traffic volumes by preventing from traffic accidents as well as to improved traffic flows, less congested traffic flows and higher convenience of users. We develop a multiagent-based simulation model composed of two agents: urban expressway company and traffic management company. These two agents can sense their circumstances and aim to increase their own income through the interaction of their behavior resulting in improved traffic flows. This model allows to find out what traffic management policy can provide improved traffic flows and increased amount of income of urban expressway company. The results of the simulation would offer interesting suggestion to the highway company which tries cost reduction at the time of privatization.

Investigating Efficient Traffic Management Schemes for Urban Expressway Companies with a Multi-Agent Simulation Model