Estimating Toll Road Demand and Revenue (2007) / Chapter Skim
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Pages 39-41
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This chapter presents several conclusions and observations derived from the study. The chapter closes with suggestions for further methodological and procedural research on toll road demand and revenue forecasting taken from the literature and the survey of practitioners.
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41 Finally, more generally, a basic prerequisite to any toll demand and revenue forecast (and to the ability to account for any of the previously cited improvements) must be the ability to model the four components of travel (generation, distribution, mode choice, and route choice)
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From page 41... ...
of the variables that affect the traveler's decision to use a toll road, consideration of probability distributions to describe these variables as a means of analyzing and managing risk, development of time-of-day choice models, simulation of value of time and the role of stated preference surveys in estimating value of time or on the development of value-of-time models based on historical data that are now becoming available. The need for continued research in these areas was inherent in the literature, with specific recommendations for research comprising the following.
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