Browse > Article
http://dx.doi.org/10.12815/kits.2021.20.2.1

Estimation of the Value of Green Cars Permission on Exclusive Bus Lane of Yeongdong Expressway Using a CVM Method  

Kim, Inyoung (Dept. of Transportation Engineering, Ajou University)
Park, Sangmin (Dept. of Transportation Engineering, Ajou University)
Kim, Kyung Hyun (Budget Department, Korea Transportation Safety Authority)
Lee, Hwanpil (Division of Transportation Research, Korea Expressway Corporation Research Institute)
Yun, Ilsoo (Dept. of Transportation Engineering, Ajou University)
Publication Information
The Journal of The Korea Institute of Intelligent Transport Systems / v.20, no.2, 2021 , pp. 1-14 More about this Journal
Abstract
The exclusive bus lanes in the Yeongdong Expressway were implemented in the Singal to Yeoju section in 2017, but the capacity of both exclusive bus lanes and general-purpose lanes of the Yeongdong Expressway decreased and the travel time increased, reducing it to the Singal to Deokpyeong section. Therefore, it is necessary to increase the efficiency of exclusive bus lanes to revitalize public transportation and improve environmental problems. This study calculated the willingness to pay and the social benefits of permission for Green cars to drive on exclusive bus lanes in Yeongdong Expressway. A survey was conducted on two groups of Green car users and Expressway users, and the willingness to pay was estimated using the CVM method. As a result, the average WTP of Green car users were estimated to be 218.7(won/km·person), and that of Expressway users were estimated to be approximately 235.5(won/km·person). The direct benefits were estimated to be approximately 7.9 billion won for Green car users, and 8.5 billion won for Expressway users in 2019. Finally, the value of time saving was estimated to be approximately 8.0 billion won.
Keywords
Green cars; Contingent Valuation Method; Double Dichotomous Choice; Willingness to Pay;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
연도 인용수 순위
1 Kum K. J., Min K. T., Kim W. T., Wang Y. W. and Yu J. S.(2006), "A Study on Value Evaluation of Mobile Traffic Information Provis Improvement-Based on Contingent Valuation Method-," The Journal of the Korea Institute of Intelligent Transport Systems, vol. 5, no. 2, pp.29-43.
2 Cameron T. and James M.(1987), "Efficient Estimation Method for closed-ended Contingent Valuation Surveys," The Review of Economics and Statistics, vol. 69, no. 2. pp.269-276.   DOI
3 Choi J. Y. and Yu J. W.(2013), "Estimation of VMS Traffic Information Value Using Contingent Valuation Method," The Journal of the Korea Institute of Intelligent Transport Systems, vol. 12, no. 3, pp.42-52.   DOI
4 Lee B. J., Seo I. G. and Namgung M.(2007), "Benefit Evaluation for Traffic Transfer System using Contingent Valuation Method," The journal of Korean Society of Transportation, vol. 25, no. 4, pp.57-66.
5 Lee K., Choi S., Kim J. K. and Cho N.(2012), "Research on Additive Valuation of Leisure Travel Time Saving During the Summer Vacation: Focused on the Iksan-Pohang Expressway and Donghae Expressway," The Journal of Korean Society of Transportation, vol. 30, no. 6, pp.3-12.   DOI
6 Mcfadden D.(1979), Conditional logit analysis of qualitative choice behavior, Berkeley University.
7 Ministry of Commerce, Industry and Energy(2016), A Study on the Operation Possibility of Electric Vehicles with Bus-only Vehicles, pp.1-131.
8 Ministry of Culture, Sports and Tourism(2020.12.29), Increasement of Leisure and Untact Cultural Activities within the Living Area, Press Releases.
9 Ministry of Environment(2017), Research service for promoting the distribution of electric vehicles through survey and analysis of actual purchasers, pp.54-197.
10 Ministry of Land, Infrastructure and Transport(2013), Highway Capacity Manual, p.21.
11 Park K. H.(2012), "A Critical Assessment of the Economical Value of Road on Housing Prices Using Contingent Valuation Method-focus on the road construction plan of 47th of Suwan si-," The Journal of the Korean Resource Economics Association, vol. 21, no. 4, pp.999-1024.
12 Park S. M., Kim K. H., Ko H., Jung Y. S., Ryu J. D. and Yun I.(2016), "Estimation of the Benefit from the Campaign to Prevent Drowsy Driving Crashes Using a Contingent Valuation Method," The Journal of the Korea Institute of Intelligent Transport Systems, vol. 18, no. 5, pp.75-82.
13 Yun(2005), Traffic Demand Analysis, Pakyoungsa, p.260.
14 Kim W. C. and Namgung M.(2015), "A Study on Fare Estimation for Demand Responsive Transport," The Journal of The Korea Institute of Intelligent Transport Systems, vol. 14, no. 1, pp.103-111.   DOI
15 Do M. S. and Kim Y. S.(2012), "Estimation of Willingness to pay for Realtime Route Guidance Information by Contingent Valuation Method," The Journal of The Korea Institute of Intelligent Transport Systems, vol. 11, no. 5, pp.46-55.   DOI
16 Hanemann W. M.(1984), "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses," American Journal of Agricultural Economics, vol. 66, no. 3, pp.332-341.   DOI
17 Kang J.(2010), A Study on Value measuring of Natural Resources of the National Seorak Park by Applying CVM-Value Measuring on Installation of Cable Cars-, Doctoral dissertation, Kyung Hee University.
18 Kim B. Y., Jung C. Y., Son E. Y. and Jang T. Y.(2010), "Estimating the Value of New Transportation Using CVM Method," The Journal of the Korean Society of Transportation, vol. 62, pp.626-631.
19 Kim K. H., Park S. M., Park S. H. and Yun I. S.(2018), "Study of the WTP Estimation for Introduction of Medium-sized Low Floor Electric Bus," The Journal of The Korea Institute of Intelligent Transport Systems, vol. 17, no. 1, pp.17-30.   DOI
20 Kim Y. J.(2018), A Study on Estimation of Willingness to Pay for Sharing Parking Service Using Contingent Valuation Method, Master's Thesis, Hanbat National University.
21 Korea Development Institute(2012), A Study on the improvement of CVM Analysis Guidelines for Preliminary Feasibility Study, pp.1-237.
22 Korea Development Institute(2017), A Study on the Methodology for the Benefit Estimation of Transportation Sector, pp.137-145.
23 Korea Expressway Corporation, http://www.ex.co.kr, 2021.02.05.
24 Gyeonggi Research Institute(2019), Is it necessary to maintain the Yeongdong Expressway bus-only lanes, pp.11-20.