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Determining the Monetary Value of Quality Attributes in Freight Transportation Using a Stated Preference Approach

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  • Frank Witlox
  • Els Vandaele

Abstract

It is commonly accepted that the modal choice of a shipper is influenced not only by the pure economic attributes of transportation -- time and cost -- but also by more qualitative factors. These quality attributes relate to frequency, reliability, flexibility, transport duration and risk of loss or damage; they are usually difficult to quantify in monetary terms. Different techniques exist that help to understand better how these different quality attributes of freight transportation influence modal choice. In this paper we apply a stated preference design. Using real business data, the aim is then to derive partial utility functions that allow us to calculate monetary values for these different quality attributes.

Suggested Citation

  • Frank Witlox & Els Vandaele, 2005. "Determining the Monetary Value of Quality Attributes in Freight Transportation Using a Stated Preference Approach," Transportation Planning and Technology, Taylor & Francis Journals, vol. 28(2), pages 77-92, April.
    • Handle: RePEc:taf:transp:v:28:y:2005:i:2:p:77-92
    DOI: 10.1080/03081060500053301
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    Citations

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    Cited by:

    1. Zamparini, Luca & Layaa, John & Dullaert, Wout, 2011. "Monetary values of freight transport quality attributes: A sample of Tanzanian firms," Journal of Transport Geography, Elsevier, vol. 19(6), pages 1222-1234.
    2. Jawaher Binsuwadan & Gerard De Jong & Richard Batley & Phill Wheat, 2022. "The value of travel time savings in freight transport: a meta-analysis," Transportation, Springer, vol. 49(4), pages 1183-1209, August.
    3. Günay, Gürkan, 2023. "Shipment size and vehicle choice modeling for road freight transport: A geographical perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 173(C).
    4. Tsai, Ming-Chih & Yang, Chih-Wen & Lee, Hsiao-Ching & Lien, Ching-Wei, 2011. "Segmenting industrial competitive markets: An example from air freight," Journal of Air Transport Management, Elsevier, vol. 17(4), pages 211-214.
    5. Rowangould, Gregory, 2013. "Public financing of private freight rail infrastructure to reduce highway congestion: A case study of public policy and decision making in the United States," Transportation Research Part A: Policy and Practice, Elsevier, vol. 57(C), pages 25-36.
    6. Zhuo Zhang & Dezhi Zhang & Lóránt A. Tavasszy & Qinglin Li, 2020. "Multicriteria Intermodal Freight Network Optimal Problem with Heterogeneous Preferences under Belt and Road Initiative," Sustainability, MDPI, vol. 12(24), pages 1-24, December.
    7. Van Acker, Veronique & Kessels, Roselinde & Palhazi Cuervo, Daniel & Lannoo, Steven & Witlox, Frank, 2020. "Preferences for long-distance coach transport: Evidence from a discrete choice experiment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 132(C), pages 759-779.
    8. Habjan Andreja, 2023. "How a Perceived Utilisation of IT-enabled Information shapes Customer Satisfaction in B2B arkets," Business Systems Research, Sciendo, vol. 14(2), pages 81-101, December.
    9. Vernimmen, Bert & Dullaert, Wout & Willemé, Peter & Witlox, Frank, 2008. "Using the inventory-theoretic framework to determine cost-minimizing supply strategies in a stochastic setting," International Journal of Production Economics, Elsevier, vol. 115(1), pages 248-259, September.
    10. Dullaert, Wout & Zamparini, Luca, 2013. "The impact of lead time reliability in freight transport: A logistics assessment of transport economics findings," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 49(1), pages 190-200.
    11. Gohari, Adel & Ahmad, Anuar Bin & Balasbaneh, Ali Tighnavard & Gohari, Ali & Hasan, Razi & Sholagberu, Abdulkadir Taofeeq, 2022. "Significance of intermodal freight modal choice criteria: MCDM-based decision support models and SP-based modal shift policies," Transport Policy, Elsevier, vol. 121(C), pages 46-60.
    12. Sean Puckett & David Hensher & John Rose & Andrew Collins, 2007. "Design and development of a stated choice experiment for interdependent agents: accounting for interactions between buyers and sellers of urban freight services," Transportation, Springer, vol. 34(4), pages 429-451, July.

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