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Using Artificial Neural Networks for Recovering the Value-of-Travel-Time Distribution

  • Sander van CranenburghEmail author
  • Marco Kouwenhoven
Conference paper
  • 859 Downloads
Part of the Lecture Notes in Computer Science book series (LNCS, volume 11506)

Abstract

The Value-of-Travel-Time (VTT) expresses travel time gains into monetary benefits. In the field of transport, this measure plays a decisive role in the Cost-Benefit Analyses of transport policies and infrastructure projects as well as in travel demand modelling. Traditionally, theory-driven discrete choice models are used to infer the VTT distribution from choice data. This study proposes an alternative data–driven method to infer the VTT distribution based on Artificial Neural Networks (ANNs). The strength of the proposed method is that it is possible to uncover the VTT distribution (and its moments) without making strong assumptions about the shape of the distribution or the error terms, while being able to incorporate covariates and account for panel effects. We apply our method to data from the 2009 Norwegian VTT study. Finally, we cross-validate our method by comparing it with a series of state-of-the-art discrete choice models and other nonparametric methods used in the VTT literature. Based on the very encouraging results we have obtained, we believe that there is a place for ANN-based methods in future VTT studies.

Keywords

Artificial Neural Network Value of Travel Time Random Valuation Nonparametric methods Discrete choice modelling 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Delft University of TechnologyDelftThe Netherlands
  2. 2.SignificanceDen HaagThe Netherlands

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