Development and comparison of choice models and tolling schemes for high-occupancy/toll (HOT) facilities |
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| Institution: | 1. Department of Logistics and Maritime Studies, Hong Kong Polytechnic University, Hong Kong, China;2. Asper School of Business, University of Manitoba, Winnipeg, MB, Canada;3. Transport Institute, University of Manitoba, Winnipeg, MB, Canada;4. Sauder School of Business, University of British Columbia, Vancouver, BC, Canada;5. China Academy of Financial Research, Shanghai Jiao Tong University, China;1. Sauder School of Business, University of British Columbia, Canada;2. Ecole Normale Supérieure de Cachan (CREST), University Paris-Saclay, France;3. Departmento de Ingeniería de Transporte y Logística, Pontificia Universidad Católica de Chile, Chile;4. Instituto de Economía, Pontificia Universidad Católica de Chile, Chile;1. Department of Civil and Environmental Engineering, University of California, 1001 Ghausi Hall, 1 Shield Avenue, Davis, CA 95616, USA;2. Department of Civil and Environmental Engineering, University of Washington, 121G More Hall, Seattle, WA 98195, USA;3. Department of Civil Engineering, The University of Hong Kong, Rm 622 Haking Wong Building, Pokfulam Road, Hong Kong, China |
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| Abstract: | A high-occupancy/toll (HOT) lane is an increasingly popular form of traffic management strategy which reserves a set of freeway lanes for HOVs and transit users, while allowing low-occupancy vehicles (LOVs) to enter for a fee. In turn, HOT lanes maintain a minimal level of service by regulating the volume of entering LOVs. The focus of this paper is how to model the choice process of individual drivers, which dictates the volume of LOVs that choose to pay and take the HOT lane. Such models and the insights they provide can be very helpful for the toll setting process. Two simple formulations (an all-or-nothing assignment and an additive logit model) are compared with a proposed formulation based on the population value of time (VOT) distribution. Both static and dynamic toll setting algorithms are studied based on the proposed lane choice model, and their performance is compared under deterministic traffic behavior. |
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| Keywords: | High-occupancy/toll lanes Tolling Managed lanes Value of time |
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