Although the value-of-time and willingness-to-pay are critical measures in a broad range of
public transport policy and planning applications, they cannot be measured directly. The …

We derive values of travel time savings (VOT) for the Madrid–Barcelona corridor, linking the
two largest cities in Spain, based on the estimation of discrete choice models among the …

The value of travel time (VOT) is perhaps the single most important variable in the analysis
and planning of transport systems. Knowledge of the VOT of the travelling population is …

Abstract Value-of-time (VOT) measures are valuable in a wide range of public transport
policy and planning applications. However, VOT is a latent variable that cannot be …

A main objective of most transport infrastructure projects is the reduction of user travel times.
Neglecting external costs faster travel times lead to benefits for system users. A common tool …

The value of travel time is an important element of cost-benefit analysis for appraisal of trans-
portation project, by encapsulating the willingness to pay of the population for improvements …

The Value of Travel Time Savings (VTTS) is the monetary value attached to reductions in
travel time. VTTS is an important willingness to pay (WTP) estimator which plays a crucial …

Time Allocation and Valuation of Travel Time Savings in the Presence of Simultaneous
Activities Page 1 Time Allocation and Valuation of Travel Time Savings in the Presence of …

Estimating the value of time (VOT) in transport is primarily an empirical question, despite
some strong theoretical foundations from microeconomics. The most common estimation …

We use state-of-the art estimation approaches to obtain mode-specific values of travel time
savings (VTTS) based on pooled RP/SP travel choice data of Zurich workers. Unlike the …