Assessing investments in shipping: a modular approach

This paper provides seperate but consistent modules,capable of being combined in a number of ways, for the assessment of investements in shipping with a variety of circumstances in respect of profitability, finance, inflation, taxes and tax allowances.These are accompanied by explanatory formulas and tables.It is thus possible to make comparisons of different financial terms and tax systems with ease and rapidity.A worked example is included.     

Book review

Onshore Planning for Offshore Oil—Lessons from Scotland by Pamela L. Baldwin and Malcolm F. Baldwin The Conservation Foundation, Washington, D.C., 1975     

Effects of information in road transport networks with recurrent congestion

This paper aims to gain more insight into the implications of information provision to drivers on the performance of road transport networks with recurrent congestion. For this purpose, a simulation program consisting of three components has been written. The first component is the traffic simulation model, the second component is the information provision mechanism, and the third component monitors the behavioural decision-making process of the drivers, which is modelled using a utility-based satisficing principle. Three types of information provision mechanisms will be considered: information based upon own-experience, after-trip information and real-time en route information. The findings in this paper, obtained in a hypothetical context, underline the important relationship betweenoverreaction, thelevel of market penetration and thequality of the information. High quality information allows a high level of market penetration, while low quality information, even when provided at low levels of market penetration, induces overreaction. Furthermore, real-time en route information is in particular beneficial during the process leading to a steady state; it reduces the variance in travel time considerably. The paper concludes with a discussion on the market potential of motorist information systems when commercially marketed.     

Modelling the provision of transport with planned or market‐determined public transport services

Implications of the difference between planned and market‐determined public transport services for the modelling of the transport system and its use are examined. In the former case, the task for government seeking to optimise performance of the transport system has a standard bi‐level form, but in the latter case, the lower‐level problem in the bi‐level formulation is to determine mutually consistent solutions to a pair of optimisation problems. The relevance of the mutually consistent solution in this context is contrasted with its sometimes misleading role in the context of optimisation of urban traffic signal control.     

Participation in online activities while travelling: an application of the MDCEV model in the context of rail travel

Transportation - Travel-based multitasking, i.e. using travel time to conduct enjoyable and/or productive activities, is the subject of an increasing number of theoretical and empirical studies....     

Morning commute in a single-entry traffic corridor with no late arrivals

This paper analyzes a model of early morning traffic congestion, that is a special case of the model considered in Newell (1988). A fixed number of identical vehicles travel along a single-lane road of constant width from a common origin to a common destination, with LWR flow congestion and Greenshields’ Relation. Vehicles have a common work start time, late arrivals are not permitted, and trip cost is linear in travel time and time early. The paper explores traffic dynamics for the social optimum, in which total trip cost is minimized, and for the user optimum, in which no vehicle’s trip cost can be reduced by altering its departure time. Closed-form solutions for the social optimum and quasi-analytic solutions for the user optimum are presented, along with numerical examples, and it is shown that this model includes the bottleneck model (with no late arrivals) as a limit case where the length of the road shrinks to zero.