The value of time in goods traffic (SVI1998/089)
Overview
Background & policy context:
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.
Objectives:
The objective of this study consists of creating of 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 allows to determine a valuation basis which can be used within the framework of cost-benefit analyses regarding infrastructure measures. In other words, the main aim of the project is to create an up-to-date basis for analysis of the benefits of investments in roads.
Methodology:
Hypothetical measures have been presented to choosen respondents and the effects of these measures on the time-related transport quality features estimated.
Share this page