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- W634739230 abstract "The main objective for investigating the value of time (VOT) in freight or coach transport is usually to transform the expected travel time changes of investment projects into monetary terms for use in cost-benefit analyses of these projects. This paper mainly considers the VOT in freight transport, which has been studied in many countries recently, but also describes the methods used and results obtained for coach transport in the UK 1994/1995 VOT Study. Studies of VOT in freight transport use either the factor cost method or values from the coefficients of models for choices, made by freight transport decision makers, which involve transport time and costs. In the factor cost method, the transport costs are calculated first, then it is determined which transport cost items change if travel times change. There are several differences between modelling choices for freight and passenger transport. Freight transport mode choice models can be based on Revealed Preference (RP) and/or Stated Preference (SP) data. Three tables contain results for freight VOT from different studies, and another table contains results for VOT in a UK bus/coach study. Freight and coach VOT studies currently use SP methods and logit models with linear utility functions. Four possible improvements to these methods are listed. For the covering abstract, see IRRD E100587." @default.
- W634739230 created "2016-06-24" @default.
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- W634739230 date "1996-01-01" @default.
- W634739230 modified "2023-09-27" @default.
- W634739230 title "FREIGHT AND COACH VOT STUDIES" @default.
- W634739230 hasPublicationYear "1996" @default.
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