Estimation of New Monetary Valuations of Travel Time, Quality of Travel, and Safety for Singapore

Abstract

A large-scale study in Singapore estimated new monetary valuations for travel time, quality of travel, and safety covering different modes and journey components. A wide-ranging stated-choice survey was conducted on a large, representative sample. The empirical work pushed the boundaries of the international state of the practice in choice modeling by relying on mixed logit models with all model components being random and a full covariance matrix being estimated. Detailed results are presented, and the values are contrasted with those from the previous study, conducted in 2008.

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Item Type:	Article
Authors/Creators:	Hess, S https://orcid.org/0000-0002-3650-2518 Murphy, P Le, H Leong, WY
Copyright, Publisher and Additional Information:	Published by National Academy of Sciences. Reproduced in accordance with the publisher's self-archiving policy.
Dates:	Published: October 2017 Accepted: 22 February 2017
Institution:	The University of Leeds
Funding Information:	Funder Grant number EU - European Union 615596
Depositing User:	Symplectic Publications
Date Deposited:	12 Apr 2017 09:45
Last Modified:	27 Aug 2020 23:45
Status:	Published
Publisher:	National Academy of Sciences
Identification Number:	10.3141/2664-09
Open Archives Initiative ID (OAI ID):	oai:eprints.whiterose.ac.uk:114956

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Estimation of New Monetary Valuations of Travel Time, Quality of Travel, and Safety for Singapore

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