Degradable transport network: Travel time budget of travelers with heterogeneous risk aversion

By H. Lo, Xiaowei Luo, B. Siu. 2006

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Travel through time: the story of research on travel time reliability (2013, background): “Lo, Luo, and Siu (2006) used a similar framework with the assumption that travellers acquire knowledge of variability in route travel times from their experiences over time, and then factor the variability into their route choice decisions on the basis of a travel time budget.”
Reliability-based stochastic transit assignment with capacity constraints: Formulation and solution method (2013, methodology): “According to Lo et al. (2006), the parameter q relates to the probability k that the actual trip time is less than the effective travel cost: P Cwr 6 gwr ¼ E½C w r þ q ffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffi Var½Cwr q ¼ k; 8r 2 Rw; w 2 W: ð26Þ This probability can be regarded as the within…”
Distribution-free travel time reliability assessment with probability inequalities (2011, background): “The former assumption is, by definition, satisfied in the current paper; the assumption that ][a aTVar is a much stronger assumption that we do not impose in this paper (cf. Lo et al., 2006).”
Reliability-based stochastic transit assignment: Formulations and capacity paradox (2016, background): “Lo et al. (2006), Shao et al. (2008), Lam et al. (2008) , and Siu and Lo (2008) calculate the effective travel time as the safety margin plus the expected trip time.”