Abstract
This paper proposes two sensible approaches that may be potentially implemented in practice to determine pricing strategies for operating managed toll lanes. The tolls vary dynamically in response to real-time traffic conditions in order to provide a superior free-flow travel service to the users of the toll lanes while maximizing the freeway's throughput. Simulation experiments are conducted to validate and compare the proposed approaches.
Original language | English (US) |
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Pages (from-to) | 45-52 |
Number of pages | 8 |
Journal | Journal of Transportation Engineering |
Volume | 135 |
Issue number | 2 |
DOIs | |
State | Published - Jan 28 2009 |
Externally published | Yes |
Keywords
- Pricing
- Time dependence
- Tolls
- Traffic congestion
ASJC Scopus subject areas
- Civil and Structural Engineering
- Transportation