Sensitivity analysis of socio-economic values of time for public transport projects

Jonas Lohmann Elkjær Andersen, Alex Landex, Otto Anker Nielsen

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearch

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    Abstract

    The socio-economic time benefits of two light rail projects in Copenhagen are investigated using three different sets of values of time. The first set is the one the Ministry of Transport recommends for use in socio-economic analysis in Denmark; this is used as basis for comparison with the two other sets of values of time. The second set is the expected new recommended values of time that has the same time values for non-business travel. The third set is estimated from traffic modelling parameters and operates with different in-vehicle time values; the reason for this is thoroughly described supported by examples. Traffic modelling of the two light rail projects has been performed and the results are used to generate the time benefits. The time benefits for the two light rail projects using the expected new values of time will increase around 20% compared to the result when using the values recommended by the Ministry of Transport. Differentiated in-vehicle values prove to generate an even higher increase in time benefits, but vary depending on the projects.
    Original languageEnglish
    Title of host publicationPart of the Annual transport conference at Aalborg University
    Publication date2007
    Publication statusPublished - 2007
    Event2007 Annual transport conference at Aalborg University - Aalborg, Denmark
    Duration: 27 Aug 200728 Aug 2007

    Conference

    Conference2007 Annual transport conference at Aalborg University
    CountryDenmark
    CityAalborg
    Period27/08/200728/08/2007

    Keywords

    • Public transport, light rail, value of time, time benefits, socio-economic analysis

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