Title

Synthesis of research on value of time and value of reli

Document Type

Report

Publication Date

2009

Subject Area

operations - reliability, economics - value of time, literature review - literature review

Keywords

Literature reviews, project evauation, research, travel time, value of reliability, value of time

Abstract

The objective of this study is to compile and synthesize current and past research on the value of time (VOT) and the value of reliability of time (VOR). Findings are summarized into an application-oriented document to provide practitioners with applicable ranges of estimates that can be used in project evaluations.