Use of Value of Time in Project Evaluation

by Hamed Mobarak, (A.M.ASCE), Asst. Prof. of Civ. Engrg.; Univ. of Riyadh, Riyadh, Saudi Arabia,
Adib Kanifani, (M.ASCE), Assoc. Prof. of Civ. Engrg.; Univ. of California, Berkeley, Calif.,


Serial Information: Transportation Engineering Journal of ASCE, 1978, Vol. 104, Issue 2, Pg. 123-130


Document Type: Journal Paper

Abstract: A method of combining the technique of equilibrium traffic assignment and the analysis of value of time is proposed. The method is used to determine cost-effectiveness functions for proposed transportation facilities. The implications of different values of time on the levels of investment in transportation facilities are examined. The case of a two facility urban transportation corridor is presented as a case study. The implications of different values of time on the resulting cost-benefit ratios for a proposed transportation facility are shown graphically.

Subject Headings: Case studies | Traffic analysis | Equilibrium | Traffic assignment | Investments | Urban areas | Transportation corridors | Transportation studies

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