Revenue management based model for the dynamic definition of toll price for freight vehicles

S. Schreiner, T. Hyodo
2008 Urban Transport XIV   unpublished
This study proposes a dynamic tolling method for a private toll network based on revenue management, taking into account the daily dynamics of freight transportation demand. The first part of this study assessed a sample of freight vehicles' routes, using maximum route overlapping methodology to obtain a relation between network attributes and the route choice of such vehicles. In the second part, also using route overlapping methodology, the individual value of time for each vehicle was
more » ... vehicle was estimated and incorporated to the route information as an attribute of the trip. The third part of this study uses the results obtained previously to model the dynamic tolling system. Discrete choice techniques are used to evaluate purchase probability during the day in relation to a set of possible toll prices, identifying the efficient prices that achieve revenue maximization. Finally, the model is tested by comparing the total daily toll revenue results of the current static price strategy and the dynamic pricing strategy. The data from the person trip survey conducted in 1999 in Tokyo is used as demand input data for the model. Urban Transport XIV 529 Model estimation results The probability of arrival is obtained from the analysis of the departure time of the trips surveyed in 1999. The model considers the peak hours volume as maximum possible probability of arrival and, proportionally, to the off-peak volumes. This distribution is presented in Fig. 3 .
doi:10.2495/ut080511 fatcat:jk5kmcjp4jhlpm47jniv3osvd4