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Evaluating Value of Information on Bus-Route Concerning on the User's Individual Value  

Park, Yong-Jin (계명대학교 교통공학과)
Kang, Sin-Hwa ((주)네오티시스 GIS팀)
Publication Information
Journal of Korean Society of Transportation / v.22, no.6, 2004 , pp. 89-99 More about this Journal
Abstract
The purpose of this study is to evaluate the value of information on Bus-Route concerning on the User's Individual value. The value of information is estimated with the price of time saving by using the information. The price of unit time for each user is applied to convert the saving time to the cost. To estimate the user's expense from origin to destination the previous model is modified. Bus-travel cost is estimated with variables such as bus-travel time, bus-interval, bus-fare, and the price of walking distance. In this study, to estimate in-vehicle time the bus-travel time model is developed based on the spatial characteristics distinguished by three types of circular-road in the network of Daegu Metropolitan area. For the case study, a set of the origin and destination is selected as Dalsu-gu District Office and East Daegu Train Station respectively. There are several bus-routes which can be used as direct or transferable bus-routes selected. The study showed that when the value of time for individual users is \1,738/hr, there is no benefit to using information of transferable bus-routes. It also showed that the more discount rates of bus fare is increased, the benefit to using information of transferable bus-routes is increased, and that the lower value of time is, the benefit to using information of transferable bus-routes is increased.
Keywords
버스노선정보;직항노선;환승노선;환승요금;통행시간모형;
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