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- W4206078049 abstract "Generalized cost is a term that is frequently used in the transport modeling community to define an overall measure of the “cost” of a transport journey. It is used when different cost and time variables are to be combined in a single measure, either in monetary units or in time units. It is used in both freight and passenger models, often as a simplification in modeling and as a precaution against identification problems when estimating the models. It is also applied extensively in the appraisal literature when evaluating infrastructure. In this case, it is common to combining different factors into a common monetary surplus function, from which individual preferences are removed to avoid special pleading of certain users and certain geographical areas. In this paper, we consider when generalized costs are used, its justification and its potential challenges, and debate the distinction between generalized cost and generalized time when estimating and applying models." @default.
- W4206078049 created "2022-01-25" @default.
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- W4206078049 date "2021-01-01" @default.
- W4206078049 modified "2023-10-16" @default.
- W4206078049 title "Generalized Cost for Transport" @default.
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- W4206078049 doi "https://doi.org/10.1016/b978-0-08-102671-7.10513-5" @default.
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