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A large-scale study in Singapore estimated new monetary valuations for travel time, quality of travel, and safety covering different modes and journey components. A wide-ranging stated-choice survey was conducted on a large, representative sample. The empirical work pushed the boundaries of the international state of the practice in choice modeling by relying on mixed logit models with all model components being random and a full covariance matrix being estimated. Detailed results are presented, and the values are contrasted with those from the previous study, conducted in 2008.

Estimation of New Monetary Valuations of Travel Time, Quality of Travel, and Safety for Singapore