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Estimating Value of Time for Freight Transportation in Freight Items using Logit Model  

Ju, Ji-Won (인하대학교 물류전문대학원)
Ha, Heon-Gu (인하대학교 아태물류학부)
Publication Information
Journal of Korean Society of Transportation / v.27, no.5, 2009 , pp. 163-168 More about this Journal
Abstract
Travel time reduction is a benefit in economic analysis. Freight transportation time reduction benefits influence the logistics industry. The objectives of this paper are to estimate the Value of Time (VOT) for transportation time reduction with logit methodology. The data of Gyeonggi-do's domestic road freight transport in 2007 are used. VOT was estimated for five commodities. An average VOT of 19,946 won/vehicle-hr was calculated; transport of electronic parts had the highest VOT. This study will help provide direction for improving Korea's road infrastructure for freight.
Keywords
VOT; Logit model; MRS; RP data; Correlation analysis;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
연도 인용수 순위
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