6- TransportationSupply(version2)

6- TransportationSupply(version2) - • CONGESTION PRICING...

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TRAVEL “SUPPLY” FUNCTIONS Cost of travel includes perceived : Out of pocket cost ($) Travel time Comfort Convenience Safety Reliability etc.
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Price-Volume Curve Perceived Price of Travel Volume (v) Capacity (c ) t 0 “Supply”
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ISSUES: PUBLIC versus PRIVATE SECTOR AVERAGE (not marginal) COST SHAPE in relation to CAPACITY (volume-capacity ratio) SHIFTS (short, medium term) FACILITY-SPECIFIC BACKWARD BENDING (relationship to fundamental diagram of traffic flow)
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Unformatted text preview: • CONGESTION PRICING DERIVATION OF TRAVEL “SUPPLY” FUNCTIONS VOLUME DENSITY Jam density Maximum flow = Capacity Fundamental Traffic Flow Diagrams DERIVATION OF TRAVEL “SUPPLY” FUNCTIONS FLOW Free-flow Speed Maximum flow = Capacity SPEED Fundamental Traffic Flow Diagrams t Price (Travel time ) Volume (v) Capacity (c ) Demand User-Equilibrium Flow “Supply” User-Equilibrium...
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