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Value of Time Savings as a Factor in Deciding on Route Choice
Author(s) -
Miloš Poliak,
Štefánia Semanová,
Lenka Komačková,
Michaela Mrníková
Publication year - 2015
Publication title -
transport and communications
Language(s) - English
Resource type - Journals
eISSN - 2730-0854
pISSN - 1339-5130
DOI - 10.26552/tac.c.2015.2.3
Subject(s) - toll , value of time , value (mathematics) , toll road , transport engineering , process (computing) , factor (programming language) , operations research , computer science , business , economics , travel time , environmental economics , engineering , machine learning , operating system , genetics , biology , programming language
The paper deals with the definition of time savings as a factor in deciding on route choice of a carrier whether to use toll road network. The first part of the paper describes a history of road infrastructure charging in the EU Member States and the USA. Next part analyses the factors affecting decision-making process of a carrier when considering which road infrastructure to use – toll or non-tolled roads. The paper also identifies the value of time savings as a significant factor in route choice.

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