SVI 1998/089 - The value of time in goods traffic
Overview
Background & policy context:
NA
Objectives:
The objective of this study consisted of creating a suitable theoretical framework for analysis of the value of time, and testing an empirical procedure on a trial basis to determine the value of time in goods traffic.
This should allow determining a valuation basis which can be used within the framework of cost-benefit analyses regarding infrastructure measures.
Project goals: Creation of a basis up to date for analysis of the benefits of investments in roads.
Methodology:
On the basis of the economic cost savings approach, an attempt has been made to measure 'the value of time in goods traffic' by using those cost savings which are brought about by improved infrastructures during a constant level of performance in transport companies.
Hypothetical measures have been presented to choose respondents and the effects of these measures on the time-related transport quality features estimated.
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