The treatment of capital costs of vehicles in evaluating road schemes

There are two ways in which new road schemes may influence capital expenditure on vehicles. Firstly, by improving utilisation of existing vehicles, the size of fleet needed to perform a given volume of work may be reduced. This will clearly reduce the amount of capital tied up in motor vehicles at any point in time, and to the extent that vehicle life is determined by age rather than mileage run, will also yield savings in terms of investment in new vehicles. Secondly, by generating additional road traffic, road schemes may lead to an increase in the stock of vehicles in use.This paper argues that the current treatment of vehicle depreciation and interest charges in U.K. cost data fails to allow correctly for either of these items. Errors of logic occur in the way in which the capital stock of vehicles is valued, and in the fact that certain overheads are ignored even when fleet size changes. Moreover, the empirical evidence supporting the current partitioning of depreciation into overhead and running cost components, and the assumption of constant hours in service after an increase in journey speed seems of doubtful validity.An alternative method of calculating vehicle capital costs, based on the concept of annual capital charge, and making explicit the assumptions with respect to vehicle utilisation, is advocated, and the sensitivity of results to the view taken of the latter is demonstrated by means of specimen calculations.     

Transport planning and the policy-modelling interface

Evidence of the inability of transport models to elucidate policy is cited and reasons for this weakness are then suggested.Attention is drawn to the fundamental changes in both opinion and policy currently taking place. There is less concern with accessibility per se and rather more concern with the provision of adequate or minimum accessibility for certain social groups. More emphasis is placed also on the environmental aspects of transportation.The implications of these changes are outlined. It is not at all clear that the need to adapt and up-date models is appreciated widely enough. Finally, it is considered whether fundamental changes in methodology may help to make transport models more responsive to policy needs.     

Ride Dynamics of Articulated Vehicles-A Literature Survey

This paper presents a review of the available literature describing the methods of modelling the vibrational response of articulated vehicles to the road inputs at the tire contact points. It states and discusses the mathematical techniques that have been put forward for obtaining road input characteristics, for modelling the vehicles in a range of degrees of freedom, and for performing the analysis necessary to obtain the vibrational response. Finally the indices that have been proposed for ride comfort and ride safety are given and the manner in which various researchers relate these to the vibrational characteristics of the vehicles is described.     

Analytical Tire Models for Dynamic Vehicle Simulation

Four basic tire models suitable for dynamic vehicle simulation are formulated. The models are compared through a six-degree-of-freedom nonlinear simulation of a cargo truck crossing rough ground. Guidelines are developed for the selection of an optimum tire model for a given dynamic vehicle simulation.     

Freight transport demand revisited: A microeconomic view of multimodal, multicharacteristic service uncertainty and the demand for freight transport

This paper provides a unifying framework for micro-based models of freight transport demand. An expected utility of profits model is posed that clarifies the conditions under which a system of equations (continuous) regression model should be used as opposed to the conditions that make a quantal choice model appropriate. The model also indicates the nature of subjective data that is necessary for estimating demand. In general, the conditions that give rise to the appropriate use of a quantal choice model imply that the needed subjective information is completely contained in the subjective probability distributions on the service characteristics; the utility function itself is irrelevant.     

Household Mobility Tool Ownership: Modeling Interactions between Cars and Season Tickets

This paper moves beyond traditional models of car ownership in that we propose a framework for modeling household-level decisions to acquire specific types and numbers of mobility tools to fulfill the mobility needs of household members. The framework is applied to a data set collected during the winter and spring of 2000/2001 in the German city Karlsruhe via an interactive web-based stated response survey in which respondents could optimize their household mobility tool sets through on-line feedback concerning the estimated costs of the sets. In our analysis, bivariate ordered probit models are estimated for three combinations of mobility tools: season tickets (i.e., transit passes) and cars, season tickets and small cars and season tickets and large cars. In all instances, strong substitution effects are found – that is, as the number of season tickets increases, the number of cars decreases. This finding underscores the need to move beyond simple models of car ownership to comprehensive models of mobility tool ownership. As demonstrated by our research, failure to do so is likely to lead to biased results.     

The valuation of commuter travel time savings for car drivers: evaluating alternative model specifications

The empirical valuation of travel time savings is a derivative of the ratio of parameter estimates in a discrete choice model. The most common formulation (multinomial logit) imposes strong restrictions on the profile of the unobserved influences on choice as represented by the random component of a preference function. As we progress our ability to relax these restrictions we open up opportunities to benchmark the values derived from simple (albeit relatively restrictive) models. In this paper we contrast the values of travel time savings derived from multinomial logit and alternative specifications of mixed (or random parameter) logit models. The empirical setting is urban car commuting in six locations in New Zealand. The evidence suggests that less restrictive choice model specifications tend to produce higher estimates of values of time savings compared to the multinomial logit model; however the degree of under-estimation of multinomial logit remains quite variable, depending on the context.