To kill a real option – Incomplete contracts,real options and PPP

This paper is concerned with the implications of public–private partnership agreements for the execution of expansion options in road infrastructure. More specifically, it analyzes the expansion of an existing two-lane road in Sweden, and examines the real options created by an intermediate type of road with three lanes. Interpreting the results from real option analysis in the light of incomplete contract theory, this paper finds that external congestion costs might necessitate public ownership to ensure a social optimal outcome in public–private partnerships.     

The identification and empirical characterization of vehicular (Lagrangian) fundamental diagrams in multilane traffic flow

Traditional macroscopic traffic flow modeling framework adopts the spatial–temporal coordinate system to analyze traffic flow dynamics. With such modeling and analysis paradigm, complications arise for traffic flow data collected from mobile sensors such as probe vehicles equipped with mobile phones, Bluetooth, and Global Positioning System devices. The vehicle‐based measurement technologies call for new modeling thoughts that address the unique features of moving measurements and explore their full potential. In this paper, we look into the concept of vehicular fundamental diagram (VFD) and discuss its engineering implications. VFD corresponds to a conventional fundamental diagram (FD) in the kinematic wave (KW) theory that adopts space–time coordinates. Similar to the regular FD in the KW theory, VFD encapsulates all traffic flow dynamics. In this paper, to demonstrate the full potential of VFD in interpreting multilane traffic flow dynamics, we generalize the classical Edie's formula and propose a direct approach of reconstructing VFD from traffic measurements in the vehicular coordinates. A smoothing algorithm is proposed to effectively reduce the nonphysical fluctuation of traffic states calculated from multilane vehicle trajectories. As an example, we apply the proposed methodology to explore the next‐generation simulation datasets and identify the existence and forms of shock waves in different coordinate systems. Our findings provide empirical justifications and further insight for the Lagrangian traffic flow theory and models when applied in practice. Copyright © 2015 John Wiley & Sons, Ltd.     

Investigating the influence of assigning a higher priority to scheduling work and school activities in the activity-based models on the simulated travel/activity patterns

Transportation - Two dynamic, gap-based activity scheduling models are tested by applying a short-run microsimulation approach to replicate workers’ travel/activity patterns over a 1-week...     

Using multiple hybrid spatial design network analysis to predict longitudinal effect of a major city centre redevelopment on pedestrian flows

Transportation - Predicting how changes to the urban environment layout will affect the spatial distribution of pedestrian flows is important for environmental, social and economic sustainability....     

The Teachable Moments on Marine Mammal Tours: Watching versus Swim-With Tours

With the continuing growth of the tourism industry over recent decades, has come a change in tourist behavior from the traditional stereotypical 3-S tourist (sun, sand, sex) to an increasingly sophisticated and demanding tourist. These “new” tourists like to learn about history, nature, and wildlife, and they expect an educational component on wildlife tours. This study investigated swim-with-dolphin tours in Kaikoura, New Zealand with regard to the educational content and the overall anatomy of these tours, using data from observations on a total of 32 tours during December 2011. The resulting data were then compared with the data from Hrycik and Forestell's study, which investigated the content of questions asked by passengers on whale-watching tours in Stellwagen Bank National Marine Sanctuary. Results of the on-tour observations indicate that the surveyed tours display a structured approach to interpretation, which is customized to the specific tour anatomy of a “swim-with” tour, and varies in some parts significantly from “watch-only” tour interpretation.     

Visualisation of uncertainty in probabilistic traffic models for policy and operations

This study investigates different methods to visualise uncertainty in static representations of probabilistic traffic models predictions on road-networks. Although various graphical cues may be used to represent uncertainty it is not a priori clear which of them are most suited for this purpose, since their legibility, intelligibility and the degree to which they interfere with other graphical elements in a representation differ widely. Several graphical uncertainty representations were therefore developed and analysed in expert sessions. A selection of the initial set of uncertainty visualisations was further evaluated in a cognitive alternative task-switching experiment. The results show that graphical representations are able to convey uncertainty information relatively accurately, while some uncertainty visualisations outperform others. It depends on the model and scenario which representation is most suited for a given application. This paper presents an overview of possible graphic uncertainty representations and the considerations involved when applying them to uncertainty in traffic model visualisations.     

Key technologies of ship remote control system in inland waterways under ship-shore cooperation conditions北大核心CSCD

［Objective ］ To meet the requirements of remotely controlling ship in curved, narrow and crowded inland waterways, this paper proposes an approach that consists of CNN-based algorithms and knowledge based models under ship-shore cooperation conditions. ［Method］On the basis of analyzing the characteristics of ship-shore cooperation, the proposed approach realizes autonomous perception of the environment with visual simulation at the core and navigation decision-making control based on deep reinforcement learning, and finally constructs an artificial intelligence system composed of image deep learning processing, navigation situation cognition, route steady-state control and other functions. Remote control and short-time autonomous navigation of operating ships are realized under inland waterway conditions, and remote control of container ships and ferries is carried out. ［Results］The proposed approach is capable of replacing manual work by remote orders or independent decision-making, as well as realizing independent obstacle avoidance, with a consistent deviation of less than 20 meters. ［Conclusions］The developed prototype system carries out the remote control operation demonstration of the above ship types in such waterways as the Changhu Canal Shenzhou line and the Yangtze River, proving that a complete set of algorithms with a CNN and reinforcement learning at the core can independently extract key navigation information, construct obstacle avoidance and control awareness, and lay the foundation for inland river intelligent navigation systems. © 2022 Journal of Clinical Hepatology. All rights reserved.     

Reliability Modeling and Maintenance Policy Optimization for Deteriorating System Under Random Shock

Performance degradation and random shock are commonly regarded as two dependent competing risks for system failures. One method based on effective service age is proposed to jointly model the cumulative effect of random shock and system degradation, and the reliability model of degradation system under Nonhomogeneous Poisson processes (NHPP) shocks is derived. Under the assumption that preventive maintenance (PM) is imperfective and the corrective maintenance (CM) is minimal repair, one maintenance policy which combines PM and CM is presented. Moreover, the two decision variables, PM interval and the number of PMs before replacement, are determined by a multi-objective maintenance optimization method which simultaneously maximizes the system availability and minimizes the system long-run expect cost rate. Finally, the performance of the proposed maintenance optimization policy is demonstrated via a numerical example.     

International Symposium on the Ice Carrying Trade at Sea

Overmanning and restrictive labour practices are major causes of low productivity in Indian ports. Proposals are put forward for a programme of reforms to support investment in modern cargo handling systems.