Robust network pricing and system optimization under combined long-term stochasticity and elasticity of travel demand

Network pricing serves as an instrument for congestion management, however, agencies and planners often encounter problems of estimating appropriate toll prices. Tolls are commonly estimated for a single-point deterministic travel demand, which may lead to imperfect policy decisions due to inherent uncertainties in future travel demand. Previous research has addressed the issue of demand uncertainty in the pricing context, but the elastic nature of demand along with its uncertainty has not been explicitly considered. Similarly, interactions between elasticity and uncertainty of demand have not been characterized. This study addresses these gaps and proposes a framework to estimate nearest optimal first-best tolls under long-term stochasticity in elastic demand. We show first that the optimal tolls under the deterministic-elastic and stochastic-elastic demand cases coincide when cost and demand functions are linear, and the set of equilibrium paths is constant. These assumptions are restrictive, so three larger networks are considered numerically, and the subsequent pricing decisions are assessed. The results of the numerical experiments suggest that in many cases, optimal pricing decisions under the combined stochastic-elastic demand scenario resemble those when demand is known exactly. The applications in this study thus suggest that inclusion of demand elasticity offsets the need of considering future demand uncertainties for first-best congestion pricing frameworks.     

Factors associated with home-based e-working and e-shopping in Nanjing,China

The widespread adoption of information and communication technology has facilitated frequent e-activities in people’s daily life. From the perspective of individual’s time use on e-working and e-shopping at home, this paper aims to enhance our understanding of the function of home beyond a living space for family life. Using a household survey of 608 full-time paid employees who conducted e-activities at home in Nanjing, China, we investigated the characteristics and patterns of home-based e-working and e-shopping. Only 7.9% of the respondents neither e-shopped nor e-worked at home. We find that the socio-demographic context, Internet use habits, attitudes towards e-working/e-shopping, and geographical accessibility have influenced the patterns of home-based e-working and e-shopping. The results indicate that the rich e-activities taking place at home have changed the time use at home and reinforced the function of home as a multifunctional hub.     

Relationship between well-being and daily time use of elderly: evidence from the disabilities and use of time survey

According to US Census Bureau, the number of individuals in the age group above 65 years is expected to increase by more than 100% from the year 2000 to 2030. It is anticipated that increasing elderly population will put unforeseen demands on the transportation infrastructure due to the atypical mobility and travel needs of the elderly. Consequently, transportation professionals have attempted to understand the travel behavior of the elderly including the trip frequency, trip distance and mode choice decisions. Majority of the research on elderly travel behavior have focused on the mobility outcomes with limited research into understanding the tradeoffs made by this population segment in terms of their in-home and out-of-home activity engagement choices. The goal of the current research is to contribute to this line of inquiry by simultaneously exploring the daily activity engagement choices of the elderly Americans including their in-home and out-of-home activity participation (what activities to pursue) and time alloocation (duration of each activity) decisions while accounting for the temporal constraints. Further, the study attempts to explore the relationship between physical and subjective well-being and daily activity engagement decisions of the elderly; where subjective well-being is derived from reported needs satisfaction with life and different domains of it. To this end, data from the Disabilities and Use of Time survey of Panel Study of Income Dynamics was used to estimate a panel version of MDCEV model. In addition to person- and household-level demographic variables, activity participation and time use choices of elderly were found to vary across different levels of reported physical and subjective well-being measures. The model estimation results were plausible and provide interesting insights into the activity engagement choices of the elderly with implications for transportation policy development. Among other socio-demographic variables, living arrangements (living with family versus in elderly homes) were found to have significant influence on how people participate into different in-home versus out-of-home activities. For example, elderly living in the elderly home were found to participate more into out-of-home activities compared to people living with families. Elderly with disabilities were found to compensate lower participation into out-of-home activities with more participation into in-home activities. Considerable heterogeneity was observed in time engagement behavior of the elderly across reported levels of satisfaction with finance, job and cognitive needs. For example, elderly expressing high satisfaction with job was found to spend less time in in-home social activities. Elderly reporting higher satisfaction with finance were found to spend more time into OH social and shopping activities.     

The value of options for time charterparty extension: an artificial neural networks (ANN) approach

The most frequently associated options in the physical shipping market are options to extend the charter period on time charters and additional shipment options on contracts of affreightment. The value of freight options, in practice, is estimated mostly by referring to forward curves. An option on freight has different properties from its financial counterparts, and the straightforward adoption of theoretical models does not produce promising results. In this paper, extension options, which have the property of options on futures, were transformed into regular European options before the application of the Black-Scholes model (BSM). The efficient market hypothesis, which justifies the parity of the performance of a long-term charter to that of repetitive short-term charters, worked as the basis for the transformation. The option values determined by the BSM were compared with actual realized values. Additionally, the artificial neural networks (ANN) was employed to derive the option values. This study is meaningful as the first-time application of both the closed-form solution and the ANN to the valuation of physical freight options. The research results can contribute to the quality of chartering decisions. The results could also be used in quantifying credit risk, as extension options tend to be granted to charterers with more creditability.     

Mechanism of Tunnel Water Inflow Caused by Bending Failure of a Waterproof Dike Based on a Circular Thin Plate Mechanical Model北大核心CSCD

Water bursts during tunnel construction endanger construction, and it is therefore necessary to reserve a waterproof dike with the required thickness to avoid water bursts and to take reinforcement of the dike and treatment of the structure liable to trigger a water burst. Using the water burst at K5+398 of the Mingyueshan tunnel of the Shanghai-Chengdu expressway as an example, and considering the type of tunnel section and the upright mudstone of the dike, the waterproof dike at the work face is simplified as a round thin plate. A formula for the calculation of a minimum safety thickness for the critical waterproof dike is deduced by analyzing the force applied on the water-proof dike, and the minimum safety thickness for the water burst section at K5+398 of the Mingyueshan tunnel is cal-culated. The numerical simulation analysis demonstrates the critical thickness of waterproof dike at K5+398 of the Mingyueshan tunnel is 1.4-1.55 m, and the calculated water inflow and water burst basically agree with the actual condition. © 2018, Editorial Office of "Modern Tunnelling Technology". All right reserved.     

Model Test on Grouting Law in Dynamic Water-Rich Sand Layers by the Electric Resistance Method北大核心CSCD

In order to study the diffusion law of grouting slurry in the water-rich sand layer under flowing water conditions, a grouting test model consisting of a main test system, a grouting system, and a measurement system was developed. And for detecting the diffusion scope of the grouts, a new resistivity method was proposed. It is found that the relationship between grouting pressure and grouting rate during the test is strong. Under hydrodynamic conditions, the grouting slurry diffuses elliptically. Due to gravity and the effect of the upper water flow, the center of gravity of the ellipsoid is below the grouting outlet, and the grouting effectively improves the physical and mechanical properties of water-rich sand bodies. At the same time, the resistivity method has a good application effect on the detection of grouting diffusion range. The range of slurry diffusion obtained by the resistivity method is basically consistent with the boundary of the stone body after excavation, indicating that the resistivity method is reliable for detection of grouting range in dynamic water-rich sand layer. © 2018, Editorial Office of "Modern Tunnelling Technology". All right reserved.     

Design and Practice of Cloud Computing Platform for TBM Operation Information北大核心CSCD

The problems of TBM construction data loss, information barriers and absence of data mining have con⁃ strained the advancement of basic technologies in TBM field. Aimed at building a cloud computation platform for TBM operation information, a new concept of 3B, i. e. Born by digit, Born in format and Born to the cloud, was pre⁃ sented, the issues of information acquisition, transmission and storage during TBM operation were solved, and massive heterogeneous information intelligent transmission system and big data warehouse of TBM group were established. A structure model of cloud computation platform was designed by taking Hadoop system as ecosphere, and a cloud computation platform was built to deploy related algorithm, realizing on-line monitoring and data sharing, further⁃ more the data law mining of interaction of rock mass versus TBM machine was conducted based on big data tech⁃ nique, exploring the development direction of the information platform. © 2018, Editorial Office of "Modern Tunnelling Technology". All right reserved.     

Risk assessment framework for exposure of cargo and ports to natural hazards and climate extremes

There is an increase in risks and catastrophic losses in maritime transport including ports and cargo. Significant losses have been associated with large scale natural hazards, such as earthquakes, tsunami, cyclones, and other extreme weather events. This paper identifies the main gaps in understanding maritime risks in transportation research. The gaps are attributed to insufficient empirical work available from the maritime transport and logistics research community to guide multi-risk and natural hazards impact assessment on seaport and cargo. In addition, disaster studies communities have barely made adequate efforts to understand and assess port and cargo risks arising from multi-hazards and disaster events. This paper examines existing conceptual frameworks concerning exposure and risk assessments of natural catastrophe’s impacts. Furthermore, the paper identifies trends and gaps in risk assessment frameworks in the field of disaster studies that can be beneficial for maritime risk research. The authors propose a new risk assessment framework that can guide future research and multi-hazard risk assessment processes at different scales of maritime risks.     

An activity-based approach of investigating travel behaviour of older people

The paper presents the results of an investigation on daily activity-travel scheduling behaviour of older people by using an advanced econometric model and a household travel survey, collected in the National Capital Region (NCR) of Canada in 2011. The activity-travel scheduling model considers a dynamic time–space constrained scheduling process. The key contribution of the paper is to reveal daily activity-travel scheduling behaviour through a comprehensive econometric framework. The resulting empirical model reveals many behavioural details. These include the role that income plays in moderating out-of-home time expenditure choices of older people. Older people in the highest and lowest income categories tend to have lower variations in time expenditure choices than those in middle-income categories. Overall, the time expenditure choices become more stable with increasing age, indicating that longer activity durations and lower activity frequency become more prevalent with increasing age. Daily activity type and location choices reveal a clear random utility-maximizing rational behaviour of older people. It is clear that increasing spatial accessibility to various activity locations is a crucial factor in defining daily out-of-home activity participation of older people. It is also clear that the diversity of out-of-home activity type choices reduces with increasing age and older people are more sensitive to auto travel time than to transit or non-motorized travel time.