IDEAS home Printed from https://ideas.repec.org/a/inm/ortrsc/v15y1981i1p16-31.html
   My bibliography  Save this article

Influence of Demand-Quality Interrelationships on Optimal Policies for Stage Construction of Transportation Facilities

Author

Listed:
  • J. Enrique Fernandez

    (Universidad Catolica de Chile, Santiago, Chile)

  • Terry L. Friesz

    (University of Pennsylvania, Philadelphia, Pennsylvania)

Abstract

The time staging of investment decisions for transportation facilities has generally been analyzed using models which assume a complete independence between transportation level of service and demand for the use of the facility considered. Through the use of a dynamic optimal control model, we analyze the implications of explicitly considering the interrelationship between level of service and demand on the time staging of optimal investment decisions. This analysis leads to a more general time staging decision rule than those previously proposed in the literature; an economic interpretation of that decision rule is given. Second order conditions are developed for various cases of practical significance. Finally, a numerical example is introduced to illustrate the dramatic effect that demand-quality interrelationships can have on the optimal time staging policy.

Suggested Citation

  • J. Enrique Fernandez & Terry L. Friesz, 1981. "Influence of Demand-Quality Interrelationships on Optimal Policies for Stage Construction of Transportation Facilities," Transportation Science, INFORMS, vol. 15(1), pages 16-31, February.
    • Handle: RePEc:inm:ortrsc:v:15:y:1981:i:1:p:16-31
    DOI: 10.1287/trsc.15.1.16
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/trsc.15.1.16
    Download Restriction: no
    File URL: https://libkey.io/10.1287/trsc.15.1.16?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Li, Yuwei & Madanat, Samer, 2002. "A steady-state solution for the optimal pavement resurfacing problem," Transportation Research Part A: Policy and Practice, Elsevier, vol. 36(6), pages 525-535, July.
    2. Lee, Jinwoo & Madanat, Samer, 2015. "A joint bottom-up solution methodology for system-level pavement rehabilitation and reconstruction," Transportation Research Part B: Methodological, Elsevier, vol. 78(C), pages 106-122.
    3. Sathaye, Nakul & Madanat, Samer, 2012. "A bottom-up optimal pavement resurfacing solution approach for large-scale networks," Transportation Research Part B: Methodological, Elsevier, vol. 46(4), pages 520-528.
    4. Gu, Weihua & Ouyang, Yanfeng & Madanat, Samer, 2012. "Joint optimization of pavement maintenance and resurfacing planning," Transportation Research Part B: Methodological, Elsevier, vol. 46(4), pages 511-519.
    5. Meng, Qiang & Lu, Zhaoyang, 2017. "Quantitative analyses of highway franchising under build-operate-transfer scheme: Critical review and future research directions," Transportation Research Part B: Methodological, Elsevier, vol. 102(C), pages 105-123.
    6. Sathaye, Nakul & Madanat, Samer, 2011. "A bottom-up solution for the multi-facility optimal pavement resurfacing problem," Transportation Research Part B: Methodological, Elsevier, vol. 45(7), pages 1004-1017, August.
    7. Lee, Jinwoo & Madanat, Samer, 2014. "Joint optimization of pavement design, resurfacing and maintenance strategies with history-dependent deterioration models," Transportation Research Part B: Methodological, Elsevier, vol. 68(C), pages 141-153.
    8. Ouyang, Yanfeng & Madanat, Samer, 2004. "Optimal scheduling of rehabilitation activities for multiple pavement facilities: exact and approximate solutions," Transportation Research Part A: Policy and Practice, Elsevier, vol. 38(5), pages 347-365, June.
    9. Zhang, Le & Fu, Liangliang & Gu, Weihua & Ouyang, Yanfeng & Hu, Yaohua, 2017. "A general iterative approach for the system-level joint optimization of pavement maintenance, rehabilitation, and reconstruction planning," Transportation Research Part B: Methodological, Elsevier, vol. 105(C), pages 378-400.
    10. Ouyang, Yanfeng & Madanat, Samer, 2006. "An analytical solution for the finite-horizon pavement resurfacing planning problem," Transportation Research Part B: Methodological, Elsevier, vol. 40(9), pages 767-778, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ortrsc:v:15:y:1981:i:1:p:16-31. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.