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Real-time congestion pricing strategies for toll facilities

Author

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  • Laval, Jorge A.
  • Cho, Hyun W.
  • Muñoz, Juan C.
  • Yin, Yafeng

Abstract

This paper analyzes the dynamic traffic assignment problem on a two-alternative network with one alternative subject to a dynamic pricing that responds to real-time arrivals in a system optimal way. Analytical expressions for the assignment, revenue and total delay in each alternative are derived as a function of the pricing strategy. It is found that minimum total system delay can be achieved with many different pricing strategies. This gives flexibility to operators to allocate congestion to either alternative according to their specific objective while maintaining the same minimum total system delay. Given a specific objective, the optimal pricing strategy can be determined by finding a single parameter value in the case of HOT lanes. Maximum revenue is achieved by keeping the toll facility at capacity with no queues for as long as possible. Guidelines for implementation are discussed.

Suggested Citation

  • Laval, Jorge A. & Cho, Hyun W. & Muñoz, Juan C. & Yin, Yafeng, 2015. "Real-time congestion pricing strategies for toll facilities," Transportation Research Part B: Methodological, Elsevier, vol. 71(C), pages 19-31.
    • Handle: RePEc:eee:transb:v:71:y:2015:i:c:p:19-31
    DOI: 10.1016/j.trb.2014.09.015
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    References listed on IDEAS

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    Cited by:

    1. Paraskevopoulos, Dimitris C. & Gürel, Sinan & Bektaş, Tolga, 2016. "The congested multicommodity network design problem," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 85(C), pages 166-187.
    2. M Rouhani, Omid, 2016. "Social welfare analysis of HOV to HOT conversion," MPRA Paper 75816, University Library of Munich, Germany.
    3. Qing-Long Lu & Moeid Qurashi & Constantinos Antoniou, 2024. "A ridesplitting market equilibrium model with utility-based compensation pricing," Transportation, Springer, vol. 51(2), pages 439-474, April.
    4. Zhao, Chuan-Lin & Leclercq, Ludovic, 2018. "Graphical solution for system optimum dynamic traffic assignment with day-based incentive routing strategies," Transportation Research Part B: Methodological, Elsevier, vol. 117(PA), pages 87-100.

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