scholarly journals Evaluation of Road Infrastructure Alternatives Through a Saving Gradient in Travel Times. Case Study: Second Connection Villamaría-Manizales, Colombia

2018 ◽  
Vol 12 (8) ◽  
pp. 103
Author(s):  
Diego Alexander Escobar ◽  
Santiago Cardona ◽  
Carlos Alberto Moncada
Keyword(s):  
Urban Areas ◽  
Social Economic ◽  
Master Plan ◽  
Travel Times ◽  
Investment Projects ◽  
Sustained Development ◽  
Geographical Barrier ◽  
Travel Time Savings ◽  
Time Savings

In the last century, the migration of people from rural to urban areas of cities has generated a set of dynamics in different sectors such as social, economic, educational that have led cities to collaborate among them, generating a constant synergy in order to obtain a sustained development in multiple aspects. In this sense, Manizales as the capital of the department of Caldas in Colombia has generated a conurbation with the nearest neighboring municipality, Villamaría reaching a combined population of 419 943. Although this synergy has taken place for several decades, these municipalities only have a place of connection, because they are separated by a geographical barrier, the Chinchiná River. This connection has had clear connection problems, due to the high flow of vehicles that move between both municipalities, so it is essential to project a second connection, to further boost mobility among its inhabitants. For this reason, in this research four (4) alternatives of connection are proposed, according to the suggestions of the Manizales 2017 Mobility Master Plan, through the calculation of the global average accessibility and the quantification of the gradient of savings generated in the average times of trip, based on the current situation of both cities. The results show which is the alternative that benefits population the most in terms of travel time savings, although three of them generate considerable savings and only one is discarded because it benefits a smaller number of inhabitants in very low percentages of savings compared to the others. The evaluation of infrastructure alternatives through the gradient of savings in travel times is useful to determine the best options in the pre-feasibility phase of investment projects in the transport area.

scholarly journals Uncovering the influence of commuters’ perception on the reliability ratio

10.32866/8330 ◽  
2019 ◽  
Author(s):  
Carlos Carrion ◽  
David Levinson
Keyword(s):  
Travel Time ◽  
Discrete Choice ◽  
Revealed Preference ◽  
Travel Time Reliability ◽  
Travel Times ◽  
Discrete Choice Modeling ◽  
Loop Detectors ◽  
Travel Time Savings ◽  
Time Savings ◽  
Gps Devices

The dominant method for measuring values of travel time savings (VOT), and values of travel time reliability (VOR) is discrete choice modeling. Studies using revealed preference have tended to use travel times measured by devices such as loop detectors, and thus the perception error of travelers has been largely ignored. In this study, the influence of commuters’ perception error is investigated on data collected of commuters recruited from previous research. The subjects’ self-reported travel times from surveys, and the subjects’ travel times measured by GPS devices were collected. The results indicate that the subjects reliability ratio is greater than 1 in the models with self- reported travel times. In contrast, subjects reliability ratio is smaller than 1 in the models with travel times as measured by GPS devices.

Perceived Benefits of Congestion Pricing for Trucks

2003 ◽  
Vol 1833 (1) ◽  
pp. 59-65 ◽  
Author(s):  
Kazuya Kawamura
Keyword(s):  
Congestion Pricing ◽  
Value Of Time ◽  
Perceived Benefits ◽  
Mean Values ◽  
Toll Lanes ◽  
Travel Time Savings ◽  
Mode Share ◽  
The Mean ◽  
Time Savings

Empirically derived value-of-time distributions are used to calculate the perceived benefits from the time saved by trucks in using toll lanes. The conditions on the SR-91 congestion pricing facility in California are used in a case study. Assuming that the value of time for trucks is lognormally distributed, the probabilistic truck mode share for the toll lanes was estimated separately for in-house and for-hire trucks. The mean values of time for toll-lane users and nonusers were estimated using Monte Carlo simulations. The benefits were calculated as the value of travel time savings that accrue for both toll-lane users and nonusers. The analyses found that the opening of the congestion pricing facility in 1995 has resulted in more than $2 million in annual savings for trucks. Trucks would realize an added $660,000 annually if the toll lanes were open to trucks. The disproportional share of the benefit goes to a few trucks with very high values of time, especially when the toll is expensive. Also, forhire trucks receive, on average, greater benefit than in-house carriers because of higher values of time.

scholarly journals Travel Time Savings Perception and Well-Being through Public Transport Projects: The Case of Metro de Santiago

Urban Science ◽  
2019 ◽  
Vol 3 (1) ◽  
pp. 35
Author(s):  
Cristobal Pineda ◽  
Beatriz Lira
Keyword(s):  
Life Satisfaction ◽  
Travel Time ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Well Being ◽  
Travel Times ◽  
Benefit Analysis ◽  
Travel Time Savings ◽  
Time Savings ◽  
Travel Satisfaction

Relying mostly on travel time savings, cost-benefit analysis has been widely used in transport project appraisals in the Chilean context, with utility maximisation theory as its background. Nevertheless, subjective well-being advocates have challenged the notion of the rational man underlying this theory by proposing that other trip attributes, individual perceptions and personal features mediate satisfaction with travel, alongside global well-being. Using the recently-opened Line 6 of Metro de Santiago (Chile) as a case study, this research has two main aims: (1) to verify to what extent travel time savings, which support the cost-benefit analysis process, are present after the launching of the new line; and (2) analyse the perception of passengers’ travel time savings, and to what extent this element contributes to the travel satisfaction and to the global well-being at the individual level. Using passive data from smart cards, the results show that travel times decreased by 14% in comparable trips after the launching of Line 6. Furthermore, a confirmatory factor analysis (CFA) construct is proposed, including travel and life satisfaction as latent variables of the model. This revealed that travel times in the Metro system are highly valued by people. However, this element does not mediate travel satisfaction, as users take low travel times for granted. Waiting times, stations’ design, safety and intermodality are perceived attributes that effectively mediate travel satisfaction. Moreover, the latter variable has a relevant influence on global life satisfaction, revealing that transport conditions mediate in day-to-day well-being. These results challenged travel time savings as the most important driver in transport projects’ appraisal processes, and some recommendations are made in order to incorporate these findings in future appraisals.

scholarly journals Potential Urban Air Mobility Travel Time Savings: An Exploratory Analysis of Munich, Paris, and San Francisco

2021 ◽  
Vol 13 (4) ◽  
pp. 2217
Author(s):  
Raoul Rothfeld ◽  
Mengying Fu ◽  
Miloš Balać ◽  
Constantinos Antoniou
Keyword(s):  
San Francisco ◽  
Urban Areas ◽  
Metropolitan Region ◽  
Process Time ◽  
Base Case ◽  
Urban Air ◽  
Travel Times ◽  
Bay Area ◽  
Travel Time Savings ◽  
Distributed Propulsion

The advent of electrified, distributed propulsion in vertical take-off and landing (eVTOL) aircraft promises aerial passenger transport within, into, or out of urban areas. Urban air mobility (UAM), i.e., the on-demand concept that utilizes eVTOL aircraft, might substantially reduce travel times when compared to ground-based transportation. Trips of three, pre-existent, and calibrated agent-based transport scenarios (Munich Metropolitan Region, Île-de-France, and San Francisco Bay Area) have been routed using the UAM-extension for the multi-agent transport simulation (MATSim) to calculate congested trip travel times for each trip’s original mode—i.e., car or public transport (PT)—and UAM. The resulting travel times are compared and allow the deduction of potential UAM trip shares under varying UAM properties, such as the number of stations, total process time, and cruise flight speed. Under base-case conditions, the share of motorized trips for which UAM would reduce the travel times ranges between 3% and 13% across the three scenarios. Process times and number of stations heavily influence these potential shares, where the vast majority of UAM trips would be below 50 km in range. Compared to car usage, UAM’s (base case) travel times are estimated to be competitive beyond the range of a 50-minute car ride and are less than half as much influenced by congestion.

Impact of merger on efficiency and productivity : a case study of commercial banks in Malaysia

1970 ◽  
Vol 5 (1) ◽  
pp. 77
Author(s):  
Mahadzir Ismail ◽  
Saliza Sulaiman ◽  
Hasni Abdul Rahim ◽  
Nordiana Nordin
Keyword(s):  
Efficiency Score ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Data Envelopment ◽  
Master Plan ◽  
Before And After ◽  
Domestic Banks ◽  
The Impact ◽  
Efficiency And Productivity

The Financial Master Plan (2001- 2010) aims to enhance the capacity of banking industry so that higher effic iency and productivity can be reaped in the future. This study seeks to determine the impact of merger on the efficiency and productivity ofcommercial banks in Malaysia for the period 1995 until 2005. The study uses a non-parametric approach, nam ely DEA (data envelopment analysis?) to estimate the efficiency scores and to construct the Malmquist productivity index. To enable this estimation, three bank inputs and outputs are used. Amongst the findings are those banks exhibit higher efficiency score after the merger and thefo reign banks are more efficient than the local banks. Productivity of the banks is calculated in both periods, before and after the merger: The results show that, it is the local banks that have improved the most after the merger. The main source of productivity is technical change or innovation. The findings support the existing policy of having larger domestic banks in term of size.

Factors Affecting Financial Literacy of Vietnamese Adults: A Case Study for Hanoi and Nghe An

2017 ◽  
Vol 33 (2) ◽  
Author(s):  
Tue Nguyen Dang
Keyword(s):  
Higher Education ◽  
Multiple Regression ◽  
Financial Literacy ◽  
Urban Areas ◽  
Logistic Models ◽  
Factors Affecting ◽  
Financial Behaviors ◽  
Financial Decisions ◽  
Literacy Level

This research examines the factors affecting the financial literacy of Vietnamese adults. Using a sample of 266 observations of adults in 2 big cities in Vietnam (Hanoi and Vinh in Nghe An Province), the author evaluates the literacy level of adults in these urban areas. The financial literacy of the interviewed people is low. The multiple regression results show that lower financial literacy levels associate with higher age and married status and higher financial literacy levels associate with higher education, more family members, the person making financial decisions and the person attending a useful financial course. This research also explores the association between financial literacy and financial behaviors of individuals employing logistic models. It is found that higher financial literacy associates with less probability of overspending and higher probability of saving money and careful spending. Higher financial literacy is also found to associate with higher probability of opening a savings account and making various investments. 

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