The role of the discount rate in tendering highway concessions under the LPVR approach

Flexible-term highway concessions are becoming quite popular around the world as a means of mitigating the traffic risk ultimately allocated to the concessionaire. The most sophisticated mechanism within flexible-term concession approaches is the least present value of the revenues (LPVR). This mechanism consists of awarding the concession to the bidder who offers the least present value of the revenues discounted at a discount rate fixed by the government in the contract. Consequently, the concession will come to an end when the present value of the revenues initially requested has been eventually reached. The aim of this paper is to evaluate the effect that the discount rate established by the government in the bidding terms has on the traffic-risk profile ultimately allocated to the concessionaire. To analyze this effect, a mathematical model is developed in order to obtain the results. I found that the lower the discount rate the larger will be the traffic risk allocated to the concessionaire. Moreover, I found that, if a maximum term is established in the contract, the lower the discount rate, the less skewed towards the downside will be the traffic-risk profile allocated to the concessionaire.     

Shifting urban freight deliveries to the off-peak hours: a review of theory and practice

This paper presents a comprehensive review of the literature on off-peak hour deliveries (OPHD). The review identifies different approaches and policy levers used in the past, such as the laissez-faire approach, a road pricing approach, an incentives approach, and a regulatory approach. The paper also identifies different delivery reception schemes discussed in the literature. The authors complement the theory with a synthesis of pilot tests and the analysis of a set of interviews with practitioners (from the public sector and other organisations) in charge of OPHD programmes. The results from this review show the potential benefits that these programmes could bring about, the challenges faced in the early stages – along with potential solutions – and the significant progress that has been made in this domain in the last decade. According to the review, the results from the pilot tests tend to be positive, suggesting the importance of these programmes to reach more efficient and sustainable transportation systems.     

Empirical evidence on cruising for parking

The literature on car cruising is dominated by theory. We examine cruising for parking using a nation-wide random sample of car trips. We exclude employer-provided and residential parking. We focus on the Netherlands, where levels of on-street and off-street parking prices are locally the same. We demonstrate then that due to this price setting the average cruising time in the Netherlands is only 36 s per car trip. Furthermore, we show that cruising is not random. It is more common in (large) cities that receive more car trips, particularly for shopping and leisure activities. Cruising time increases with travel duration as well as with parking duration. Cruising has a distinctive pattern over the day with a peak in the morning, so the order of arrival is essential to parking. Because cruising has a spatial and time component, policies may be considered that reduce cruising time through flexible pricing of parking or improved information about vacant parking spaces.     

轨枕间距对钢轨波磨的影响

主要研究轨枕间距对钢轨波磨发展的影响。研究小半径曲线内轨的小矢跨比波磨。这些出现问题的曲线段属于西班牙毕尔巴鄂区域的地铁轨道,铺设着混凝土道床和两层STEDEF型支承垫层。当初始轨枕间距为1000mm时,仅有92万组轮对通过后所测得的波磨深度峰-峰值已经达到0.42mm。随后更换产生波磨的钢轨,比较列车通过时轨枕上方和轨间中部的内轨垂向、横向加速度。当轨枕间距为1000mm时,轨间中部出现频率为204和244Hz的强烈响应,在轨枕上方却未出现。在相邻轨枕中间铺设一个轨枕,使轨枕间距变为500mm,钢轨波磨停止发展。该结论是根据2年的观测结果得到的。     

Assessing the impacts of driving environment on driving behavior patterns

Transportation - Considering the role of behavioral and environmental factors on road accidents and traffic intensities, the characterization of vehicle use and driver behavior opens new...     

Assessing the influence of indicators’ complexity on hybrid discrete choice model estimates

Transportation - Hybrid discrete choice (HDC) modeling requires indicators to allow for the identification of latent variables. An indicator usually expresses the level of agreement of a respondent...     

Stochastic Monte Carlo simulations of the pantograph–catenary dynamic interaction to allow for uncertainties introduced during catenary installation

The simulation of the pantograph–catenary dynamic interaction is at present mainly based on deterministic approaches. However, any errors made during the catenary stringing process are sources of variability that can affect the dynamic performance of the system. In this paper, we analyse the influence of dropper length, dropper spacing and support height errors on the current collection quality by applying a classic Monte Carlo method to obtain the probability density functions of several output quantities. The effects of installation errors are also studied for a range of train speeds. Finally, the pre-sag that, on average, produces the best behaviour of the system is identified, allowing for the uncertainty in the catenary installation. The results obtained show the convenience to consider variability in pantograph–catenary dynamic simulations.     

Sustainability at Spanish ports specialized in liquid bulk: evolution in times of crisis (2010–2015)

In Spain, 28 Port Authorities of general interest moved more than 168 thousand tonnes of liquid bulk (34% of overall traffic) in 2015. Almost 82% of this amount corresponded to eight ports (G-8) that have a refinery within their facilities. This unique degree of specialization and concentration makes this set of ports an ideal sample to analyse the evolution of their sustainability levels, particularly during the crisis started in 2008 and onwards. A proprietary methodology based on Multidimensional Synthetic Indices has been used. The comparison of the findings obtained for 2010 and 2015 allows a diagnosis of the evolution of port sustainability measured through the economic, institutional, environmental and social dimensions to be established, as well as a study of the patterns of behaviour that each port has followed in this issue.     

Reassessing the commuting penalty for immigrants: new evidence from Spain

Transportation - This article examines the differences in commuting length between native and immigrant employees in Spain, a relevant issue since immigrants' longer commuting times may, among...     

Potential economic benefits of using a weather ship routing system at Short Sea Shipping

This contribution investigates the economic benefits of using weather ship routing on Short Sea Shipping (SSS) activities. The investigation is supported with the development of a ship routing system based on pathfinding algorithm, the parametrization of the wave effect on navigation, and the use of high-resolution meteo-oceanographic predictions. The optimal ship routing analysis is investigated in a European SSS system: the link between Spanish and Italian ports. The results show the economic benefits using ship routing in SSS during energetic wave episodes. The rate of cost savings may reach 18% of the total costs under particular bad weather conditions in the navigation area. The work establishes the basis of further developments in optimal route applied in relatively short distances and its systematic use in the SSS maritime industry.